Funding
As of 2008, it had raised $163 million for its projects.
In 2003, Housing Vermont formed the Green Mountain Housing Equity Fund with a total investment of $14 million from nine investors. The Fund’s dollars were spread out over nine projects and it provided an internal rate of return of 7.75%. This allowed the agency to finance projects in which it was not the co-developer.
Green Mountain Housing Equity Fund II was created in 2005 with total capital of $22 million. In all, commitments were made to seven developments, which created 232 new homes.
The agency's third offering closed in 2007 with a total investment of $25 million dollars.
Read more about this topic: Housing Vermont