"These grants will leverage more than $7 million in other resources and help address critical needs in these communities," Douglas said. "Our staff is extremely experienced at administering this program, and that's why I'm pleased we will be using their skills to administer the roughly $19 million in Neighborhood Stabilization Program funds we expect to receive."
The Vermont Agency of Commerce and Community Development awards the competitive grants, based on recommendations of the Vermont Community Development Board and approval of Secretary Kevin Dorn.
2008 Cycle I Awards: Implementation Grants
Town of West Rutland: $750,000 subgrant to NeighborWorks of Western Vermont to deliver the Scattered Site Rehab Loan Fund, a three-county housing rehabilitation revolving loan fund, housing services and counseling program. The program will provide loans for single and multi-family owner-occupied housing rehabilitation, home access modification, lead abatement, and housing counseling services for pre- and post-purchase, delinquency and foreclosure prevention.
Town of Killington: $25,000 grant to conduct a preliminary feasibility study of the development of an events center to stimulate the local and regional economy and provide year round jobs to low and moderate income persons.
City of Rutland: $18,000 grant to plan for a regional food Vermont Innovation Kitchen in the Rutland area that will provide a facility to process, store, and package locally grown and produced food.