Rutland City Market Rate Rental Loan
Revitalizing Market Rate Rental Housing in Rutland City
VT Licensed Lender #6200 NMLS #194008
Currently accepting applications from May 6, 2024 to June 17, 2024.
See Program Overview and Eligibility Form below to apply.
Program Overview
The Rutland City Market Rate Revolving Loan Fund: Revitalizing Market Rate Rental Housing Program (hereafter referred to as ‘the Program’) will be managed and administered by NeighborWorks of Western Vermont (NWWVT), in partnership with the City of Rutland. High quality repairs and rehabilitation to market rate quality rental units in the City of Rutland will be the expected standards with the use of these funds. Additionally, the intent is not to have a repaired market rate unit only, but rather to improve the quality of entry, common areas and shell of the property in total, to include porches, siding, windows, curb appeal, etc. Priority will be given to those applications which renovate, enhance or convert the unit to be ADA compliant. The use of these funds is intended to be for long- term rental leases.
Eligible Property:
The Rutland City Market Rate Revolving Loan Fund: Revitalizing Market Rate Rental Housing Program (hereafter referred to as ‘the Program’) will be managed and administered by NeighborWorks of Western Vermont (NWWVT), in partnership with the City of Rutland. High quality repairs and rehabilitation to market rate quality rental units in the City of Rutland will be the expected standards with the use of these funds. Additionally, the intent is not to have a repaired market rate unit only, but rather to improve the quality of entry, common areas and shell of the property in total, to include porches, siding, windows, curb appeal, etc.