Fund Management
Housing Vermont still seeks investors on a project-by-project basis. However in 2003, due to general changes in the investment market, 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. Beyond creating a more flexible and familiar investment vehicle, the formation of the Fund also allowed Housing Vermont to extend financing to projects in which we were not the co-developer. There have been four iterations of the Fund which have invested a total of $79 million in 36 partnerships.