- Associated Press - Wednesday, July 8, 2015

BRATTLEBORO, Vt. (AP) - A Vermont town is using its funding for a program that helps local homeowners become landlords.

Vermont Public Radio reports (https://bit.ly/1KNbCQc ) Brattleboro Area Affordable Housing’s program, Apartments in Homes, allows homeowners to receive up to $4,000 toward converting part of their house into an apartment.

The nonprofit aims to address the town’s housing shortage. The group reports that Brattleboro’s vacancy rate is about one-tenth the statewide average.

Most of the money used to convert homes comes from the town, and the remainder from the housing organization.

The program has helped fund the creation of 45 apartments in and around Brattleboro.

Tyler Maas of Brattleboro Area Affordable Housing, says the grant money isn’t enough to cover building costs, which range from $8,000 to $45,000, so homeowners must also invest.


Information from: WVPS-FM, https://www.vpr.net

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