This December, ACCT has raised over $11,000 for affordable housing--can you join with the nearly 50 Addison County residents who have donated this month and help us get to $15,000 by December 31? Your dollars help keep a roof over the heads of hundreds of our neighbors, from working Vermonters to seniors to people with disabilities. Giving is easy--please consider showing your support by donating a dollar for every year you and your family members have had a roof over your heads! From all of us at ACCT, we thank you!
Did You Know? LIHTC Provides Workforce Housing; Also Supports Seniors and People with Disabilities
A recent newsletter of the Vermont Housing Finance Agency, which administers the Low Income Housing Tax Credit (LIHTC) program in Vermont, featured some interesting statistics that shed light on how our community benefits from LIHTC--in particular, what needs are being met by this important program. Specifically, it helps meet our area's need for workforce housing as well as affordable housing for vulnerable populations like seniors and people with disabilities. Without LIHTC, these households would likely otherwise live in substandard housing, pay an excessive share of their income in rent, or even face homelessness. From the article:
Each year, federal and state housing and bond credits generate about three-quarters of the funds used to create more affordable housing in Vermont. The average Vermont resident living in apartments developed through credits has an annual income of about $18,000. About half of these households are non-seniors who are not disabled. Seventy-seven percent of these “workforce” households are working and earning their income.
Although about 7,400 Vermont households live in apartments created by credits, thousands more are in need of decent, safe apartments they can afford.
Read more about Vermont’s current housing credit residents or about the housing credit’s national impact.
ACCT has developed many of the LIHTC units in Addison County, and currently manages the vast majority. Our newest development is McKnight Lane in Waltham, adding 14 more units to the county's permanently affordable housing stock.
McKnight Lane Webinar Now Available
On December 14th, the Clean Energy Group/Clean Energy States Alliance hosted a webinar featuring McKnight Lane and in particular its resilient energy features, including Vermod construction, solar production, and battery storage. The entire webinar is available to view at http://www.cleanegroup.org/webinar/mcknight-lane/.
McKnight Lane: A Rural Low-Income Resilient Solar+Storage Housing Project
Wednesday, December 14, 2-3pm ET
The McKnight Lane Redevelopment Project in Waltham, Vermont is doing what no affordable housing project has done before: It is offering rural, low-income tenants zero-energy, affordable housing that also includes resilient solar+storage systems.
The solar+storage systems allow the homes to island from the grid and operate independently during a grid outage. During normal operating conditions, when the grid is functioning, the local utility will draw on the batteries to reduce its operating costs; the tenants will receive resilient power for free.
In this webinar, guest speakers will discuss how this project came together, and how the resilient solar+storage systems will benefit the tenants, ratepayers in the community, and the local utility.
This webinar is a presentation of Clean Energy Group's Resilient Power Project. Learn more about the Resilient Power Project at www.resilient-power.org.
This webinar is free, but registration is required.
After registering you will receive a confirmation email containing information about joining the webinar.
PC-based attendees: Windows 7 - Windows 10
Mac-based attendees: Mac OS X 10.6 or newer
Mobile attendees: iOS 8 or later, Android 4.0 or later, Windows Phone 8 or later
View additional system requirements here
Test your system compatibility automatically
Clean Energy Group
50 State Street, Suite 1
Montpelier, VT 05602
ACCT staff members share news and information about upcoming events.