Rockingham Area Community Land Trust, Inc.

Street Address:
90 Main Street, Suite 1
Springfield, VT 05156


Phone: 802-885-3220
Fax: 802-885-5811
Website: www.raclt.org

Contact Name: Martin Hahn
Phone: 802-885-3220x220
Fax:
Email: mhahn@together.net


Staff Size: Full Time: 9    Part Time: 4

Background
Incorporated in 1988, the Rockingham Area Community Land Trust (RACLT) grew out of a grassroots effort in the Bellows Falls area to address the problems facing low-income residents. Today, the organization operates in 20 towns in northern Windham, southern Windsor, and a portion of Bennington Counties. RACLT owns (either solely or in tax-credit partnerships) 350 units of perpetually affordable rental housing; shares ownership of 68 single-family homes under an limited equity-sharing arrangement; actively develops new rental and ownership housing; and operates the NeighborWorks Homeownership Center in southeastern Vermont.

Mission
RACLT is a community-based non-profit organization that maiximizes affordable housing opportunities for the people of southeastern Vermont.

Total Operating Expense (9/30/2007): $1,349,940

 Lines of Business
  • Asset and Property Management

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Multifamily Initiative
  • NeighborWorks Rural Initiative

    • Accomplishments in FY 2008
  • Provided 169 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 32 rental or owner occupied units (1-4 units).
  • Assisted 49 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 222 rental units.
  • Invested $174,316 in the community through Rockingham Area Community Land Trust, Inc.'s revolving loan fund, which leveraged $9,953,717 from conventional lenders and other sources.
  • Total direct investment in the community is $10,128,033.

    • Community Services
  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Foreclosure Prevention Training

  •  Interest Subsidy Program

  •  Low Income Housing Tax Credit (LIHTC)

  •  Reverse Mortgage

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  Rental Housing

  •  Section 8 Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Donna AllenBoard Vice PresidentBusiness Owner
    Ralph BidgoodBoard MemberResident  
    Richard CrockerBoard PresidentBusiness Owner
    Stephen GellerBoard TreasurerNon-Profit InstitutionSouth Eastern Vermont Community Action 
    Richard McInerneyBoard SecretaryNon-Profit InstitutionSpringfield Family Center 
    Stephen PlunkardBoard MemberBusinessStantecVP
    Eamonn SmithBoard MemberFinancial Institution  
    Ron TheissanBoard MemberBusiness  

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  New England
    Name:  Frances Cinicola
    Phone:  617-585-5027
    Toll-Free:  
    Fax:  617-450-0427
    Email:  fcinicola@nw.org