NMTC Investor: US Bank Community Development Corporation Lenders: Mascoma Bank, Vermont Economic Development Authority The renovation of 3 historic buildings in downtown Bennington, VT. The former Hotel Putnam, Old Courthouse, and Winslow Building will be converted into mixed-use commercial space that includes a health clinic, social service healthcare providers, a local bookshop, cafe, restaurant, potter, office […]
The Richford Main Street Mill project involves the redevelopment of a historic mill building located on Main Street in the center of the Village of Richford, Vermont. Richford is a town of approximately 2,339 located in northeastern Franklin County bordering the Eastern Townships of Quebec. In order to finance the redevelopment, the CDE, CEI Capital […]
Vermont Rural Ventures provided $6.2 million of its New Markets Tax Credit authority to double the size of the King Street Center and create efficient, bright, modern office, classroom, and play space. The new facility allows the King Street Center to expand and offer a fully licensed year-round Early Head Start program; create four new […]
Vermont Rural Ventures partnered with the Massachusetts Housing Investment Corporation, to provide $23.4 million in New Markets Tax Credit authority to redevelop and restore the historic circa 1871 Brooks House, a mixed-use commercial building located in the heart of Brattleboro’s downtown. Vacant as a result of a fire in 2011, the reinstated 80,000 square foot […]
Old North End Community Center (rehab of the St. Joseph School): The Old North End Community Center is home to a wide range of programs offered by several nonprofits and the City of Burlington. The school closed in 2010 and when it was going to go on the market, existing nonprofit tenants asked the Housing […]
The construction of new YMCA in Burlington, VT will comprise a state-of-the-art 51,625 sf facility at an approximate project cost of $27.6 million. The new facility will resolve accessibility issues; modernize with energy efficiency, new equipment, and space reconfiguration upgrades; supply ample parking; and increase space for community programming.
Brattleboro Development Credit Corporation (BDCC), the project sponsor, will acquire G.S. Precision’s 2 manufacturing plants totaling 100Ksf, build a 23K sf addition, purchase equipment, and lease back to G.S. Precision (GSP) in Bratteleboro, VT.
Vermont Rural Ventures provided $12.7 million of New Markets Tax Credit authority to renovate the Vermont College of Fine Arts’ campus and strengthen its position as a national center for graduate fine arts education.
In December of 2016, the Brattleboro Commonwealth Dairy plant announced another facility expansion project. The $20 million expansion is supported by more than $2 million in state and local funding and incentives. Commonwealth is pledging to create 50 more high paying jobs in Vermont and to significantly expand its manufacturing operations. This expansion includes over […]
Vermont Rural Ventures awarded a portion of its allocation of federal New Markets Tax Credits to provide a financing to Laraway Youth and Family Services for its new, 39-acre campus in Johnson. Laraway provides support to children who have been removed from the custody of their parents or public school. Their new campus creates an […]