VCLF lends $2,140,200 in Q4 2013, promoting job creation, emergency affordable housing, and quality child careThe Vermont Community Loan Fund (VCLF) loaned’ $2,140,200 to Vermont’s small businesses, child care programs, community facilities and affordable housing developers in the fourth quarter of 2013, ‘ promoting’ job creation, quality child care programs, and development of emergency shelters and affordable homes.’ ‘VCLF is proud to work with Vermont’s innovative entrepreneurs, child care and social services programs, and developers of affordable housing who are creating amazing new solutions and opportunities throughout our state’ said VCLF Executive Director Will Belongia. ‘VCLF is proud to help finance these projects that are increasing opportunity, financial stability, and economic justice throughout Vermont,’ he added.Tina Conn and Van Nhum Tran, Essex JunctionWhen Tina Conn and her fiancÃ©, Van Nhum Tran, wanted to purchase the property in which Conn’s business, Crystal Nail Salon, has been located for more than ten years, they came to VCLF to help with financing. The loan resulted in the preservation of two full-time jobs. Additionally, other businesses located in the building provide rental income for the couple.Harbor Place, ShelburneWith Chittenden County’s homeless shelters having to turn away more and more Vermonters in need of emergency housing, Champlain Housing Trust, which creates and preserves perpetually affordable housing in northwest Vermont, arrived at a groundbreaking solution. With VCLF financing, they purchased a former motel, which now provides 60 short-term, transitional homes. ‘ ‘ champlainhousingtrust.orgHollister Hill Bed & Breakfast, MarshfieldBob and Lee Light bought Hollister Hill Farm in 1983, where they milked cows there for 15 years, before converting their home to B&B. The farm raises beefalo, pigs, chickens and turkeys, supplying their farm store as well as providing an agri-touristic experience for guests. When their indispensible tractor needed a new transmission, they came to VCLF to fund its repair, resulting in the preservation of one full and one part-time job.’ www.hollisterhillfarm.com(link is external)Housing Trust of Rutland County, Watkins School, RutlandRutland’s Watkins School served as an elementary school from its construction in 1895 through the 1970s. ‘ In 2013, the Housing Trust of Rutland County, a non-profit developer of affordable housing, purchased the historically-significant property with funding from VCLF, to adapt for residential use. ‘ The renovation will create 15 perpetually affordable 1-bedroom apartments for seniors, as well as 17 construction jobs. www.housingrutland.org(link is external)’ J & M Fields, Forests and Firewood, DorsetJohn White became ill three years ago. Self-employed and without health insurance, he had no choice but to sell his log skidder to cover medical costs. Today, with help from VCLF, he has purchased a new one, and is back at work in the woods.’ Mike’s Hobbies and Raceway, RutlandMike’s Hobbies & Raceway, a fixture in Rutland for 30 years, had been financing their inventory of model railroads, boats, cars, planes and rockets, collectible coins and stamps and other specialty hobby items, via high-cost credit cards. VCLF provided owner Lee Vaillancourt with a less expensive option by refinancing the existing debt and providing a loan for inventory, preserving one full-time and one part-time job. www.mikeshobbies.com(link is external)Packard Lofts, BurlingtonHartland Group Community Developers approached VCLF to help fund their Packard Lofts project, creating 25 affordable homes for rental in downtown Burlington. The loan also led to the creation of 28 construction jobs. hartlandgroup.bizTurtles ‘n Tots, JohnsonTurtles ‘n Tots, the only licensed child care center in Johnson, has been a VCLF borrower since their opening in 2012. This year, owner Michelle Tallman came back to VCLF for another loan to help cover costs associated with expanding her program from 35 children/families served to 50.’ She’ll also employ two more Vermonters, for a total of 10.The Vermont Community Loan Fund’s mission is to create opportunities that lead to healthy communities and financial stability for all Vermonters. Since our inception we’ve lent over $80 million to small businesses, affordable housing developers and community-based organizations that has created or preserved over 3,600 jobs; built or rehabilitated more than 3,200 affordable homes for Vermont’s families, individuals and seniors;’ created or preserved quality care for over 2,800 children and their families and supported community organizations providing vital services to hundreds of thousands of Vermonters.VCLF 1.8.2014‘
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Police released surveillance photos of the men. Although the pair generally wore gloves and ski masks during the crimes, on one occasion their faces were uncovered. The men are described as 25-30 years old, “over 6 feet” tall and weighing about 200-240 pounds. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! A $50,000 reward was announced today for information that helps police arrest two men who have burglarized more than 50 homes in the Bel Air, Brentwood, western San Fernando Valley and Hollywood Hills areas. “They are a two-man hillside crime wave,” Los Angeles City Councilman Jack Weiss said. “They are quick-hit artists,” he said. “But when we get this information – their ID, their photos – out to the public, I think we’re going to make a quick hit on them.” Several million dollars in cash and jewelry were taken in the past year by the pair, who typically struck around midnight on weekends, when homeowners were out, NBC4 reported.