Housing Trust Fund, FY 2017

The Burlington Housing Trust Fund (BHTF) provides grants and loans for the promotion, retention and creation of long-term affordable housing for very low, low and moderate-income households. Nonprofit corporations, municipal corporations, limited equity housing cooperatives, for-profit corporations, partnerships, and individuals are eligible to apply for project funding. Capacity grants are also made for the staffing, training, planning, fundraising, and ongoing operations of nonprofit organizations creating or preserving housing for very low, low, and moderate-income households.

The total funding available for FY2017 is approximately $557,398 including carryover from FY2016 and the Community & Economic Development Office’s administrative portion. The proposals shall be for projects and organizations serving the housing needs of low-income Burlington residents. All projects must serve households having an income not exceeding 100% of median income, as defined by the U.S. Department of Housing and Urban Development, and preference will be given to proposals serving households having an income not exceeding 50% of median income. Priority for funding will be given to perpetually affordable housing projects. Organizations that provide services, as distinct from housing development, are limited to capacity grants of no more than $7,500 per program. FY2017 BHTF awards must be expended by June 30, 2017.

Applications have been made for Projects and Capacity, as follows:

Capacity Applications from FY 2017 Housing Trust Funds: