Project-specific Capacity Funding
Project-specific Capacity Funding supports housing and conservation organizations and public bodies with pre-development work to advance unusually complex housing and land conservation projects in Vermont.
Funder: Vermont Housing and Conservation Board
Due Dates: Consult the Board calendar for application deadlines
Funding Amounts: Up to $50,000 for project-related pre-development expenses
Summary: Supports pre-development work for unusually complex or uncertain affordable housing and land conservation projects in Vermont.
Key Information: Call VHCB staff to discuss the project before completing an application.
Description
The Vermont Housing and Conservation Board (VHCB) provides Project-specific Capacity Funding for pre-development work advancing affordable housing or land conservation in Vermont. The program supports project-related expenses exceeding the amount available through VHCB’s Feasibility Fund and is limited to projects with a higher-than-normal degree of complexity or uncertainty.
Qualifying challenges can include difficult site conditions, multiple sites or project goals, unusual ownership structures, special populations to be served, or community economic and demographic conditions that make development especially challenging. Support can help applicants investigate technical issues, engage the public, and explore alternative land-use scenarios. The Board may also cover applicant staff costs case by case, particularly when an organization could not otherwise undertake the project.
