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The Vermont Community Loan Fund is located in the heart of historic downtown Montpelier. For more information on our loan programs, or to learn how you can make an investment, please contact us.


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I was nervous in the present economy to get a loan, but it was nice to have the Loan Fund there.  I didn't realize how necessary their work is in Vermont, especially to the child care industry.

Christine Tullgren
Little Feet Children's Center

July, 2012

The Vermont Community Loan Fund (VCLF) approved $763,000 in financing to Vermont’s
small businesses, affordable housing developers, and child care programs during the second
quarter of 2012.

“These loans support VCLF’s goals of increasing Vermont’s quantity and quality of affordable
housing stock, child care programs, businesses and community facilities, all of which serves our
mission of helping build a healthier, stronger and more vibrant Vermont,” said VCLF Executive
Director Will Belongia.


Addison County Community Trust, Middlebury
ACCT will purchase a seven-acre parcel in Middlebury that will ultimately provide up to 36 new
units of affordable housing for seniors. These new homes are of critical importance as, at present,
all of the 210 affordable units currently managed by ACCT are fully occupied. The town of
Middlebury estimates that approximately 50% of its population will be age 50 or over by 2015.

Central Vermont Community Land Trust – Phoenix House, Barre
CVCLT, which manages and develops affordable housing in Washington and Orange Counties,
will use a VCLF loan to convert an existing residence into transitional housing, in partnership
with a mental health counseling agency. The loan resulted in the creation of two new jobs.
Thirty-five Vermonters will be served annually by Phoenix House.

Creative Spirit Children’s Center, Vershire
Creative Spirit Children’s Center is a five-STARs-rated full-day, full-year licensed child care
center serving children ages six weeks to 12 years. Creative Spirit will use a VCLF loan to buy
new cribs to meet licensing requirements due to a federal recall of more than two million cribs.
The loan has helped Creative Spirit to retain 27 child care slots, 90% of which are available to
families receiving subsidies. Seven jobs were preserved as a result of the loan.

Gilman Housing Trust, Orleans
GHT will use a loan from VCLF to refinance a single-family affordable home currently owned
by the organization. Some of the funding will also go to complete the rehabbing work that was
begun by student volunteers.

Heather’s House, Shelburne
Heather’s House, a home-based registered early childhood program serving children ages birth to
12, used their VCLF loan to cover fire, safety and licensing improvements including playground
upgrades, installation of fire-rated doors, a roof to cover the outside play space and storage space
inside and out. This loan has resulted in six child care slots retained, six created, one job
preserved and another new job created.