Leahy Announces $1.2 M. In Grants To Vermont’s NeighborWorks Centers

first_imgAs Foreclosure And AffordableHousing Crisis Spreads& Leahy Announces $1.2 M.In GrantsTo VermontsNeighborWorks CentersTo Sustain TheirAffordable Housing DevelopmentAnd Ownership Counseling LOCAL CONTACTS:Preston Jump, Central Vermont Community Land Trust, (802) 476-4493 ext204Brenda Torpy, Champlain Housing Trust, (802) 862-6244Merten Bangemann-Johnson, Gilman Housing Trust, (802) 334-1541 ext 202Luddy Biddle, NeighborWorks of Western Vermont, (802) 236-2586Jeff Staudinger, Rockingham Area Community Land Trust, (802) 885-3220ext 220Mia Joiner-Moore, NeighborWorks America, (617) 585-5016 The five Vermont NeighborWorks organizations receiving grants are: WASHINGTON (Thursday, Feb. 7) Sen. Patrick Leahy (D-Vt.)announced Thursday that Vermonts five NeighborWorks organizations aregetting $1.2 million in NeighborWorks America grants.  According toNeighborWorks America, a federally funded nonprofit housing organization, theirpartnership with the Vermont NeighborWorks organizations will help invest $46million into Vermont communities this year to stimulate economic developmentand bring more affordable housing opportunities to Vermonters.  . . .Leahy Helped Create 1st NeighborWorks Organization In Vermont In 1993center_img Leahy, a senior member ofthe Senate Appropriations Committee and of its Subcommittee on Transportationand Housing and Urban Development, which handles the Senates work inwriting the annual budget bills that fund NeighborWorks America, helpedestablish Vermonts first NeighborWorks organization in 1993 through agrant to Rutland West NHS, currently NeighborWorks of Western Vermont. Leahy said Vermont organizations depend on annual NeighborWorks grants toprovide a wide variety of housing-related services from affordable housingdevelopment to homeownership counseling and the establishment of revolving loanfunds or alternative mortgage solutions for Vermonters struggling to purchasehomes.Despite increased demandfor affordable housing options for low to moderate income Americans, Leahy saidthe Bush Administration has essentially level-funded the NeighborWorks Americaprogram nationwide below $120 million during each of the past threeyears.  And despite the nationwide housing foreclosure crisis and housingslump, the President actually seeks to cut $155 million from the program in hisbudget proposal submitted to Congress this week.  Earlier this year, inthe budget for the current fiscal year, Congress more than doubled theNeighborWorks America budget to address the national home foreclosurecrisis.  That new funding, unrelated to Wednesdays announcement,will be competitively awarded to housing organizations later this year.Over the last 15years, since we established Vermonts first NeighborWorks organization,we have expanded the number of nonprofit housing organizations eligible forthese grants and brought millions of dollars into Vermont to house the mostvulnerable Vermonters and to make homeownership a reality for manyothers, said Leahy, who has led an effort to increase funding forhousing programs within HUD and for the NeighborWorks program.  Wecould do much more to stimulate this economy and fend off recession if the BushAdministration focused on the urgent housing needs of Americans instead ofpumping tens of billions of dollars every month overseas for the misguided warin Iraq.  I will continue to fight for affordable housing assistance forVermonters, who are struggling all the more as the economy worsens.  Asfar as the federal budget is concerned, this is the kind of high priority hereat home that the war in Iraq is not. ·       Central Vermont Community Land Trust in Barre: $144,725·       Champlain Housing Trust in Burlington: $412,296·       Gilman Housing Trust of Newport and Lyndonville: $207,428·       NeighborWorks of Western Vermont in West Rutland: $265,000·       Rockingham Area Community Land Trust in Springfield: $215,000 NeighborWorks was established in 1978 by Congress.  According toNeighborWorks America, over the last five years the NeighborWorks network hashelped leverage nearly $15 billion in Americas urban, rural, andsuburban communities; assisted more than 80,000 Americans become homeowners;and developed and managed more than 70,000 units of affordable, high-qualitymultifamily housing.  This year, NeighborWorks America will provide morethan $76 million to its network of more than 230 community-based nonprofitorganizations.  # # # # #last_img

Leave a Comment