By Mayor Kristine Lott
This is the third installment of the monthly Housing Commission update since I stepped into the Council Liaison role and the commission has come very close to finalizing recommendations for a Winooski Housing Trust Fund. Some years ago, the City received state grant funding to support affordable housing in Winooski. Up until last year, this money was funding a housing improvement program intended to support low to moderate income residents with necessary repairs and improvements to their homes. Last year, the Council voted to expand the use of the funds to other strategies that also encourage affordable housing in our city.
In addition to the housing improvement program, the commission has worked out details to add a program to encourage construction of new affordable housing and down payment assistance to support low to moderate income residents with home ownership in Winooski. As shared previously, the main goals of this program are to support more affordable housing that is safer, encourage home ownership and diverse neighborhoods. The construction and home improvement details have been pretty well fleshed out at prior meetings, and this past meeting focused on the details of the down payment assistance. The group discussed what the down payment program should look like in order to be utilized, sustainable, work with other assistance programs in the area (ie. VHFA) and reach the target audience – first time home buyers in Winooski of low to moderate income. The Housing Commission will continue work on this program in their next meeting and are close to a final draft.
Click here to view the draft documents linked in the meeting agenda. The Housing Commission meets the 4th Monday of each month and meetings are open to the public. Feel free to reach out with questions regarding this update: Mayor Kristine Lott – email@example.com