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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've known about VCLF for the last 20 years.  I've always thought "When we get a chance, we should invest in it."  For us, now is a good time.

John Wall

April, 2013

The Vermont Community Loan Fund (VCLF) approved $1,463,400 in financing to Vermont’s small businesses, community-based organizations and developers of affordable housing during the first quarter of 2013.

“Small businesses are the engines that drive our state’s economy,” said VCLF Executive Director Will Belongia. “And increasing the stock of safe, affordable housing throughout Vermont is another essential aspect of creating healthy communities and strengthening Vermont,” he added.

Projects approved for VCLF financing include:

Addison County Community Trust, Hancock ACCT, a nonprofit developer and manager of affordable housing for low- and moderate-income Vermonters in Addison County, used a VCLF loan to purchase and rehabilitate a five-unit apartment complex in

Anything Engraving, Island Pond Paul Nadeau, owner and operator of Anything Engraving, used a VCLF loan to purchase the laser engraving machines which he previously rented. Owning these tools has resulted in a stronger financial position for the company, the preservation of two jobs and the anticipated creation of one new job within a year. 

Bridport Creamery, Bridport Bridport Creamery, a start-up cheese making operation, used VCLF financing to purchase a vat pasteurizer and other cheese-making equipment to meet their goals of producing and selling 220 pounds of cheese per week. The loan will result in the immediate creation of two jobs and is anticipated to create two more by the end of 2014.

Champlain Housing Trust, Burlington CHT, a membership-based nonprofit that creates and manages perpetually affordable housing throughout northwestern Vermont, used a VCLF loan to purchase a duplex in Burlington, a parcel that creates a connection between two other CHT-owned properties. Together, the three properties present a unique redevelopment opportunity that will significantly improve the neighborhood.  The potential larger neighborhood redevelopment project plans to include affordable and market-rate apartments and possibly some affordable home ownership units.

Fat Toad Farm, Brookfield Fat Toad Farm, a small farm that raises dairy goats to produce specialty goat’s milk caramel sauces, used a VCLF loan to refinance existing debt. This loan supports VCLF’s mission of supporting Vermont’s working landscape, and resulted in preserving four jobs.

Hudak Farm, Swanton Hudak Farm used a VCLF line of credit to finance their retail farm stand, both preserving Vermont’s working landscape as well as six jobs. The farm also supports additional agricultural enterprises in the area by buying goods for resale in the farm store. The 30+ acre has been in operation for nearly 40 years.

Randolph Area Community Development Corporation, Randolph RACDC’s mission is to foster community development and create affordable housing in the greater Randolph area by redeveloping vacant and under-utilized buildings, improving the local economy and building a positive image for the community. VCLF financed RACDC’s continuing work on the Salisbury Square Planned Community project, which will provide 14 affordable rental homes and 22 affordable homes for sale.

Rutland Housing Authority, Rutland RHA manages over 200 public housing units for low-income individuals and families in the City of Rutland. VCLF financed the redevelopment of an obsolete low-income public housing complex into a new mixed-income neighborhood 80 rental apartments. The redevelopment includes expansion of the site, and construction of 23 new affordable apartment homes.