The program has enabled households to purchase conventional housing upon sale of their condominium unit.
Funding
The project was funded in 2 phases with 2 separate VCDP grants. The numbers below represent project totals:
- City of Montpelier: $198,100
- HUD 312: $603,000
- VCDP (2 grants): $423,300
- VHCB: $60,000
- VHFA: $48,000
- Total: $1,332,400