Champlain Housing Trust

The Champlain Housing Trust is a membership-based nonprofit, non governmental organization which creates and preserves affordable housing and in northwest Vermont.[1] As of 2019 the Champlain Housing Trust is the largest Community Land Trust in the United States.[2]

Champlain Housing Trust
TypeNon-Profit
IndustryAffordable housing
Founded1984 (Vermont)
Headquarters Vermont
Area served
Northwest Vermont
ProductsAffordable housing
Websitehttp://www.champlainhousingtrust.org
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Issues
Affordability • Environmental planning • Fair housing • Healthiness • Homelessness • Housing discrimination • Home ownership • Ownership equity • Rent • Subprime lending • Subsidized housing • Sustainable development • Vagrancy
Society and politics
Housing subsidy • Rent control • Real estate economics • Redlining • Right to housing

History

The Burlington Community Land Trust and Lake Champlain Housing Development Corporation were each founded by the City of Burlington, Vermont in 1984 to provide affordable, safe housing to families and individuals with low to moderate incomes. As geographic territory, services, and funding sources increasingly overlapped, the two organizations decided to combine their assets and resources into Champlain Housing Trust. In 2006, the merger was complete.[1]

In 2009, the organization moved headquarters on King Street. Besides containing the staff, the building has room for 20 families.[3]

Organization

In 2009, there were 80 staff members located throughout Chittenden, Grand Isle, and Franklin counties.[1]

Assets

In 2009, the trust had $43 million in assets, nearly 1,500 apartments, 440 owner-occupied homes, and 15 commercial buildings.[4] As of 2018 the Champlain Housing Trust's assets were valued at $144 million, with more than 6,000 people sleeping in CHT properties every night.[5]

Footnotes
  1. Champlain Housing Trust website Archived April 12, 2009, at the Wayback Machine retrieved July 4, 2009
  2. Schneider, Benjamin (29 April 2019). "CityLab University: Shared-Equity Homeownership". City Lab. pp. 6A. Retrieved 1 May 2019.
  3. "Housing trust hosting Burlington block party". Burlington, Vermont: Burlington Free Press. 12 June 2009. pp. 3B.
  4. Ryan, Matt (10 August 2009). "Housing Trust turns 25". Burlington, Vermont: Burlington Free Press. pp. 6A.
  5. Schneider, Benjamin (29 April 2019). "CityLab University: Shared-Equity Homeownership". City Lab. pp. 6A. Retrieved 1 May 2019.
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