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Community development block grants to fund affordable housing [Video]

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Small Business Funding

Elected and community leaders are addressing the housing crisis in Vermont Wednesday. Gov. Phil Scott announced a new round of community development block grants to fund affordable housing and other projects. He says the state needs about 6,800 units to bring the housing stock back to a healthy level. “This round of funding will bring over $2 million to projects across the state. Without it, many projects wouldn’t have the financial resources to get started at all through the program. Housing units in Rutland and Castleton will be renovated and redeveloped, bringing more affordable homes online, which we desperately need to keep and attract more workers,” Scott said. The governor met with local leaders at a vacant building on Park Street in Rutland, where some of the grant money will be used to turn it into affordable housing. Mary Cohen, executive director of Housing Trust of Rutland County, says they …

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