Central Vermont Community Land Trust, Inc.

Street Address:
107 North Main Street, Room 16
Barre, VT 05641


Phone: 802-476-4493
Fax: 802-479-0120
Website: www.cvclt.org

Eileen Peltier, Executive Director

Contact Name: Eileen Peltier
Phone: 802-476-4493
Fax:
Email: 


Staff Size: Full Time: 21    Part Time: 2

Background
The Central Vermont Community Land Trust (CVCLT) was formed in 1987 as an initiative of the local community action agency in response to the poor housing quality and lack of affordability. CVCLT operates four programs to achieve its mission. (1) CVCLT has an active affordable housing development program to create rental housing, single-family homes, and ownership within mobile home parks. This program has developed 439 units of housing. (2) CVCLT operates a revolving loan fund for low and moderate income homeowners and small investors to improve deteriorated housing stock. (3) CVCLT operates a NeighborWorks Homeownership Center to increase the rate of homeownership in Central Vermont through the delivery of comprehensive services to homebuyers. (4) CVCLT provides property management services for CVCLT-owned rental housing and mobile home parks and some non-CVCLT owned properties.

Mission
The Central Vermont Community Land Trust creates and sustains safe, decent and affordable housing and builds strong and diverse communities.

Total Operating Expense (9/30/2007): $2,494,213

 Lines of Business
  • Asset and Property Management

  • Community Building and Organizing

  • 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 120 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 11 rental or owner occupied units (1-4 units).
  • Assisted 47 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 228 rental units.
  • Invested $122,074 in the community through Central Vermont Community Land Trust, Inc.'s revolving loan fund, which leveraged $6,325,774 from conventional lenders and other sources.
  • Total direct investment in the community is $6,447,848.

    • Additional Accomplishments
    Date Additional Accomplishment
    5/12/2006 Awarded USDA Rural Development's "Partner of the Year" Award

    Community Services
  • Community Building

  •  Community Outreach and Organizing

  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Foreclosure Prevention Training

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Housing for Handicapped

  •  Section 8 Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Rachel DesiletsBoard MemberBusiness  
    Martin HahnBoard MemberNon-Profit Institution  
    Nancy HansonBoard Vice PresidentResident  
    Job HeintzBoard MemberNon-Profit Institution  
    Sheila HermanBoard MemberBusiness  
    Jennifer HollarBoard PresidentState Government  
    Mike JarvisBoard MemberCounty Government  
    Emily KaminskyBoard TreasurerFinancial InstitutionCommunity CapitalFund Manager
    Chuck KarparisBoard MemberFinancial Institution  
    David LarcombeBoard MemberBusiness  
    Peg MonleyBoard MemberResident  
    Penny RobertsBoard MemberResident  
    Lynda RoyceBoard MemberResident  

    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