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ANNUAL REPORT FISCAL YEAR 2016 MISSION The Champlain Housing Trust is a Community Dear Members, Partners and Friends, Land Trust that supports the people of Northwest Vermont and strengthens As 2016 comes to a close it is hard to find words that Our collaboration between their communities through haven’t been spoken or written to describe the period of the UVM Medical Center, the development and upheaval we’re in and the scale of uncertainty we face. In Community Health stewardship of permanently the life of this organization there has never been a time Centers of Burlington, affordable homes. when our work has been more needed. United Way of Northwest Vermont and others to BOARD OF DIRECTORS We take heart in knowing you stand with us, ready to serve people experiencing Left to right top to bottom: support, advocate, collaborate or advise us to meet our homelessness highlights Carina Driscoll mission: making sure people in our region have a safe, our biggest mission leap John Olson, Secretary decent and affordable home. in many years, and a story Gillian Nanton on pages 10-11 that we are Bob Robbins This past year was not only about change. It was also about proud to tell here. It is also Dawn Francis significant achievement and important milestones, like a story that has gained a Mike Loner helping the 1,000th homeowner buy a CHT shared equity broad audience around Gillian Franks home. Their story is on page 6. It’s a remarkable number the country for our impact Kathy T. Luce and proof that the program we’ve developed continues to locally on a shockingly Robin Barnett, Vice President meet people’s needs in both up and down markets. common national problem. Rosalyn Graham Sarah Muyskens, President Our new co-op on Bright Street in the Old North End When we look forward, opened its doors to 40 households. There are more stories we’re focusing on ways that we can further support people We know how much this work in the past and the work of Not pictured: in this new housing than would fit within the pages of this in need and strengthen our communities. Soon you will the future are completely dependent on your continued Ian Boyd annual report, but one that we wanted to share was of hear more about our plans to create a community center at engagement as a volunteer, donor, partner, advocate and Sandy Dooley Bree LeMay and her son Niah. They’re on page 4, and Niah the St. Joseph’s School in Burlington. friend, and we thank you for standing with us, and we look Beth Savage graces our cover forward to achieving even more together. Paul Sisson, Treasurer None of this work would unfold without the courageous Nancy Chace moved into Sarah Cole House after spending and diligent leadership of the board. Their signature project months homeless, and now in her own words aspires to be this year yielded a Strategic Plan that tasks CHT to rise an “ambassador for the City as a face for the homeless.” to our new challenges, like doubling-down on working Sarah Muyskens Brenda Torpy Her courage and commitment are inspiring. We need more to end chronic homelessness – a central goal that drives Board President Chief Executive Officer like her. You’ll also meet Charles Grammer, a veteran, multiple strategies in the Plan. On page 16 you can meet and read his story of finding stability after almost falling one member, Carina Driscoll who speaks of her passion into homelessness. for CHT’s mission and her motivation to make a difference ⊳ FRONT COVER Six year old Niah in his new home at the Bright Street Housing Co-op in Burlington. through her service to CHT.

CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 1 Nancy Chace IT’S HARD TO BE HOMELESS

Nancy Chace raised two daughters in “It’s hard to be homeless.” which allows for coordination New Hampshire where she owned her between health providers and home. When her children had grown and Routine carried her through, and finally a connects people to services her father grew older, she sold her home room opened up at the Sarah Cole House, like rides to appointments. The to move to Colorado to live with him. an old Victorian owned and managed program, initiated by Vermont She didn’t expect that to be the first step by the Champlain Housing Trust in nonprofit Cathedral Square, has towards homelessness. Burlington’s South End. A housing voucher seen such success in helping “This is the first time in a helps cover the rent. people stay at home, and “The person walking next to you, they could reducing health costs and health while I’ve felt at home.” be homeless,” Nancy reflects. “Many people “This is the first time in a while I’ve felt at care utilization, that it is being don’t know that we’re only a step away.” home,” Nancy says. “I’m more set here, and copied around the country. it has all the benefits of a home.” A surgery in Colorado complicated matters She’s looking forward to for her and as is the case for many, her Sarah Cole House is home to thirteen working with the foster compromised health forced unplanned formerly homeless women who each have grandparent program at choices. One was to move back east to spend their own room but share common space, Edmunds Elementary School time with her daughters – and now three a kitchen and large front porch. Nancy is down the street, and has grandchildren – landing in Burlington. “My particularly fond of the garden space just applied to be a crossing guard grandkids bring me so much joy,” she says. out her back door, and with a little digging for the schools. “I love watching But things got worse for Nancy. Living with she unearthed the remnants of an old those kids walk to school every her family posed challenges, and her health walkway and some marbles – the latter day.” She’s also dreaming of made it difficult to work enough to pay the which she uses to imagine what it might becoming “ambassador for the high rents in Burlington. It wasn’t long before have been like in the neighborhood with City, as a face for the homeless.” she ended up at a shelter run by COTS. kids all about 100 years ago. “Mostly,” she adds, “I’m grateful That was her home for eight long months. Having the home has also allowed her to to have a home.” • “Those were long days. It didn’t matter if explore work and volunteer opportunities it were raining, you had to be up and out – she did some part time work at the by 6:45 in the morning. I got support from Burlington Free Press before an accidental the Day Station, but…” she recalls, her fall intervened. Recently, she’s enrolled voice trailing off. in SASH (Support and Services at Home),

2 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 3 Bree LeMay ONE STEP AT A TIME “CHT is such a source of

Bree LeMay is no stranger to the Champlain of owning a house. Unfortunately, despite The co-op members plan to begin meeting comfort. I know with their help Housing Trust. Having lived in a CHT working full time as she raises her son, Bree in January to divvy up their responsibilities apartment for the past seven years, she and finds herself still having a hard time affording and discussing goals and priorities. Bree that it is possible to achieve her 6-year-old son, Niah, are embarking the rental housing costs in the area. is hoping to be part of the gardening on a new adventure as members of CHT’s team, and says that although she’s not my goal of owning my own newest housing cooperative on Bright She hopes one day she’ll be ready. In the too knowledgeable about gardening yet, Street in Burlington’s Old North End. meantime, she considers herself lucky. Her she’s excited to learn. With the assistance place eventually. They give me new apartment feels “like owning my own of Vermont Community Garden Network, While their move isn’t a drastic change place,” and is close to everything. With an the co-op members plan to coordinate help and hope.” in location (their apartment is just a short open floor plan, she’s working on filling up workshops beginning in the springtime to walk away), it’s a step in a new direction the space with mid-century décor. Niah’s encourage residents to make the most of that comes with more responsibility. school is within walking distance, and as a the garden beds on the property. Members of housing co-ops are their own self-proclaimed “foodie,” Bree loves that they landlords – they work together to keep have a variety of local, hip restaurants nearby. Their place is slowly becoming their property and community running their own – a place where Niah well. For Bree, it’s a chance for her to learn “The Old North End has so much potential. can be free to sort through his about what kind of responsibilities come It’s already changed so much, and it’s slowly collection of Pokémon cards as with owning a house – a dream she hopes, getting rid of the stigma that it used to have. he pleases and a space to display in time, will become a reality. Developments like this one are huge for that.” their unique and hilariously- themed Christmas cards that “I see the co-op as a stepping stone, While it’s only been a mere two months everyone in their family looks a middle ground between renting and since they moved into their new place, forward to. With so many good owning. It’s a chance for me to learn about Bree says she and Niah quickly felt part of things on the horizon, Bree and maintenance and upkeep and everything the Bright Street community. Niah goes to Niah are thankful for the help that goes into owning a house,” she explains. school with several other kids at the co-op, they have received from CHT. and they’ve met many of their neighbors The prospect of owning her own home is through various community events – “CHT is such a source of comfort. something Bree has been thinking about including a ribbon cutting ceremony where I know with their help that it is for a while. Three years ago she took CHT’s HUD Secretary Juliàn Castro, Senator possible to achieve my goal of Homebuyer Education class, a day-long Patrick Leahy, and Mayor owning my own place eventually. workshop that explains the ins and outs were in attendance. They give me help and hope.” •

4 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 5 Damir & Amela Nurkanovic “We had kids – it was time to move out, WHERE HOPES AND DREAMS BEGIN have a yard, Champlain Housing was

When your dream is to build a bowling After getting married, Damir and Amela politicians like Senator Bernie the only option for us [to do that].” alley in your backyard, being a renter in a also rented their first apartment through Sanders and Governor Peter yard-less apartment puts a cramp in your CHT – this time in a South Burlington Shumlin. Amela, a baker by style. But when you’re a homeowner, you neighborhood. trade, has worked in a local can make it happen. grocery story kitchen as well While they later moved on to an apartment as selling her creations at the Though Damir Nurkanovic is (mostly) through a private landlord, once their Burlington Farmer’s Market. kidding about his future backyard plans, family expanded with the birth of their She cares for the twin toddlers he does appreciate the fact that it is twins – daughter Norah (two minutes and manages the house. something he could do. the eldest) and son Adam – they started thinking about purchasing their own home. Damir urges everyone to “You feel freedom,” adds his wife, Amela. explore the options through “You’re alone in the house; there’s “We had kids – it was time to move CHT. “It was a really easy nobody above you or next to you. You out, have a yard,” Amela explains. process. It sounded scary can yell, sing. It’s different!” “Champlain Housing was the only option in the beginning when they for us [to do that].” say you have to do all these There’s something else special about workshops,” he explains, “but Damir and Amela’s purchase of their home: Finding their current home was an act it was really painless.” they were the 1,000th buyers through of serendipity. After entering the CHT CHT’s program – more than any other homebuyer program, they happened This summer they look forward shared equity program in the country. to be visiting Amela’s brother when to involving the kids in gardening. Damir they saw CHT staff putting out an Open mentions the qualities they appreciate in Damir and his family are originally from House sign nearby. They toured, applied the new home: the good school district, Bosnia, and many of their relatives have and were approved for the purchase. the family nearby and the space for their settled in the Burlington area. Damir and children to roam. his parents arrived to Vermont in 1996, and Damir drives trucks for a local company their first apartment was a CHT rental in and has worked part-time with CCTV “Now [Norah and Adam] have all the area Winooski. His parents still live in the same public access channel. He and his around the house, they have a piece of home, which has now been converted into brother-in-law hosted a “casual” show, woods. Their toys are outside, they can a condominium that they own. and he also taped local municipal play. We look forward to a long time in meetings. In the process, he met this place.” •

6 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 7 Charles Grammer THE LONG AND WINDING ROAD

Charles Grammer had lived in the same He worried about taking care of Desi in walking to and from school, which South Burlington apartment for six years. a shelter, and having to leave the shelter leaves more time for study and gives He and his service dog, Desi, took the every day while carrying around vital them exercise. bus to history classes at UVM and he parts of his life – her dog food, his 12 had memorized the location of the items different medicines and a nebulizer – “If it hadn’t been for CHT, I don’t think and layout of his home so that he felt while navigating unfamiliar terrain. I would have found a place at all. I’d “If it hadn’t been for CHT, I don’t comfortable navigating – a process probably be on the street,” he says. “CHT that takes awhile, since he lost his sight “[When I’m in a new place], I don’t changed my life and it’s definitely been think I would have found a place at almost 25 years ago and must remember know what’s there, I don’t know what’s for the better. I’m much happier here.” • where things are. In addition to attending around me … it’s scary,” Charles says. “It all. I’d probably be on the street.” college courses, Charles is a founder becomes extremely stressful.” and president of the Blinded Veterans Association of Vermont. Fortunately, Charles’ housing counselor at the Veterans’ Administration This comfortable life changed suddenly connected him with staff at the one cold February day when a water pipe Champlain Housing Trust, and together broke in the building’s attic. they worked through the application process and found him an apartment “All of a sudden, we had a torrent [of despite the short notice. water] running in,” he remembers. “I said – I’ll take it!” he remembered. Though the landlord put him and the “This place just really suited my needs.” other tenants up in a motel for a month, the building was left uninhabitable and He’s come to appreciate many of the one day he learned that he had less than comforts of home in his new apartment, a week to find a new living situation. although he expects it will take some time to feel totally comfortable there. He “Of course, everybody was panicking. has already noticed that Desi is calmer, I was!” he says. “I didn’t want to end there’s less light pollution and it’s much up on the streets.” quieter. They also have the option of

8 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 9 Housing is Health Care

Over the last couple of years, CHT and Our collaboration at Harbor Place the UVM Medical Center have built a beginning in 2013 and then Beacon strong partnership, alongside longtime Apartments this year are part collaborators such as the United Way of a larger strategy that led to a of Northwest Vermont, Community reduction in homelessness in the Health Centers of Burlington, Burlington past two years. This drop eliminated Housing Authority and Vermont Housing a seven year growth in the number and Conservation Board to both reduce of people without a home. In 2016’s homelessness and cut health care costs. annual Point-in-Time count, we saw a The results have been outstanding. drop of 28% in Vermont last year.

Making sure people are connected to This success has strengthened our case management services along with relationship with the UVM Medical safe and decent housing keeps them Center. This year we will partner on from churning through the emergency a new effort to help people stabilize room time after time. There’s a reason their housing and become healthier. why Benjamin Franklin’s oft quoted “an Together, we have a new mantra: ounce of prevention is worth a pound of Housing is Health Care. cure” rings so true. Housing plus services is the prevention.

10 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 11 CORNERSTONE COMMUNITY Membership & Community Campaign Cornerstone Community donors make a multi- Annual fund giving and membership gifts provide CHT the ability and flexibility to serve thousands of people each year with our housing, education and counseling programs. year pledge to fund our operations, giving us the This support ensures that we remain relevant to the needs of the people and communities we serve. All donations are listed alphabetically and are from our FY 2016, which runs from confidence of knowing that we can plan for a solid October 1, 2015 to September 30, 2016. Please accept our apologies for any omissions or errors, and do let us know if we’ve made a mistake. future of serving individuals and families in need Anonymous (3) Deborah Bradford Julia Curry Rich & Terri Feeley Mary Gundel Stephanie Juice Justin Lombardo Timothy Minor of housing. Listed are members who made gifts Thamer Abdulijabar Ashley Brady Liz Curry & Brian Pine Jules Fishelman & Rachel Siegel Bhola & Durga Gurung Larisa Jukic Pegeen Long Tudor & Irina Mocanu and pledges prior to September 30, 2016. If you are interested in becoming a Philip A. Ades & Deborah Rubin Sean Brailey Josie & Matt Curtin Paula A. Fitzpatrick Dhan Gurung Kurt Kaffenberger & Martha Loving Ryan Molyneaux Fern Aguda-Brown Charlotte Brody Rev Dr Lawrence & Helen Curtis Cody Flanders Gopal Gurung Martha Seagrave Anne J. Lowrie & Kim & Chris Moran Cornerstone Community member and sustaining our programs, please contact Susan Ainsworth-Daniels Samuel Bromley Michael Cyr Joseph Flynn Mark Hall Fran & Tim Kahn Michael Benvenuto Francesca G. Moravcsik Chris Donnelly at (802) 861-7305. Matthew Albaugh Alice Brown & Andrew McClellan Joseph Danis Dr. Erica Foldy & Susie & Charlie Halstead Brandiann & John Kanya Sandra Loya Andrea M. Morgante Kenneth & Gail Albert Christopher Bruce Lois D’Arcangelo Roger S. Luckmann Danita L. Hanson & David Martin Linda Kapusta Rep Terence D. Macaig Holly Morton Susan B. Alden Kirk Brunelle Jacqueline Daub Kathryn Foley Eric H. Hanson Carrie Kauffman William MacDonough Glen & Suzanne Moyer Mary & John Abele Rosalyn & Thomas Graham Nedde Real Estate LLC Rachel Alger Charlie & Mary Brush Jerry Davis Patricia M. Fontaine Eric Harmon Helen Keith Noelle J. MacKay Jamie Murphy Allen & Brooks Donna H. Griffin Radetta Nemcosky Muktar Ali Lee M. Buffinton Elizabeth Davis Allison Fortuna Janet Harvey-Coutrayer & Richard T. Kemp Laura Macke Kenneth Murray L Randolph & Jane Amis Neil Groberg & Ellen B. Wolfson John Olson Kimberly Anderson Sarah Buhl Gerald & Karin Davis Evan Forward George Coutrayer Daryous Khamnei Calbraith MacLeod Gillian Nanton Stephen Antell Stephanie T. Hainley Councilor Karen S. Paul & Mark W. Saba Rebecca Ashford Charles & Ann Bunting Ray J. Davis Justin Foster Kathy Haskell Sandra & Ron Kilburn Sara Maddocks Emily Narsh Alec & Jill Barclay Avery Hall & Andrea B. Rogers William A. Pearson Meredith Babbott Pat & Jim Burgmeier Lauren-Glenn Davitian Marian E. Fritz Aimee Hawkins Jane E. Kiser Bethany Mahler Mary Neighbours & Tom Vogelmann David & Barbara Barra Cindy Hayman Fred Peet Craig & Mistie Bacon Matthew Burke Kristin Dearborn Jessa May Futty Jennifer Hayes Scott Koeze Erhard & Sydney Mahnke Jacci Nelson Brenda & John Bisbee Emily & Darren Higgins Martha S. Perkins Gretchen S. Bailey Caitlin Burnham Amanda DeMattio Patrick Galasso Rep Helen J. Head Allison Kozar Donald & Dorina Maley Shawn Nelson Tiffany Bluemle & Elizabeth S. Shayne Carol B. Hinkel Margaret A. Pond & James E. Rader Ian Bailey William Burt Donald J. Demercurio John A. Gallagher & Nate Heald Erin Kretzer John Maloney Dr. Lisa H. Newton Paul & Nancy Bohne Philip & Joan Hoff David Porteous & Vicky Smith-Porteous Corey Baldwin Brady Bushey Tanya Demers Kathleen A. Hurley Michael Healy & Debra Blumberg Gretchen Kruesi Linda & Tom Mansfield Russell C. Newton John P. Bossange Rick Hubbard Will & Lynette Raap Stephen & Maureen Barnard Matthew Butler-Bugher Amy Demetrowitz Joyce Gallimore & Sam Swanson Mary A. Heher Debbie Krug Mark Margolis Luong Nguyen LOIS H. MCCLURE HOMES FOREVER FUND Ian S. Boyd Mousa H. Ishaq & Kristin Peterson-Ishaq RE/MAX North Professionals Robin M. Barnett Betty Button Mr. & Mrs. Frank Demetrowitz Samantha Gambero John Helme Daniel Kuzio Solange Marques Michael Nichols Thomas & Mary Candon Penrose Jackson Helen & Theodore Riehle Ann & Duncan Barrett Vera Camenscic Daniel Desautels Sandra Garrett Melissa Helms Casey Laferriere Rachel Martel-Preslar Barbara Nolfi & Don Schramm Linda J. Carroll Lisa & Stewart Jensen Patrick S. Robins & Lisa A. Schamberg Vestina Basabose Mary Cappleman-Sinz Michael Deuso Cathleen L. Gent & Katie Hemingway Johanne L. LaGrange Marcia L. Mason Jennifer O’Brien Our endowment fund, hosted by the Vermont Community Foundation, provides an Hal & Beverly Colston Sara Katz & Keith Wagner Andrea B. Rogers & Avery Hall Dennis Bates Sarah Carnevale & John Devino Frances R. Huntoon Janet E. Hicks Deborah A. Laird Stephen J. Mayer Kristen O’Connell Frank & Susan Connors Kathy & Brendan Keleher Claudia & Lewis Rose Marcel Beaudin AIA annual grant to underwrite our operations. This fund was established to create a Brandon del Pozo Tom Dillon & Cyn White Mary Jane Gentry Anthony Higgins Rep Martin LaLonde Allison McAllister Dixie O’Connor Tad Cooke & Erick Crockenberg William & Judith Kelly Alan & Cynthia Rubin Gail Benjamin Chris Carpenter John & Alida Dinklage George & Patricia Gerecke Daniel W. Higgins Derrick LaMarche Karen McCrea Joyce Oetjen permanent source of funding to go hand-in-hand with our commitment to permanently Cecilia & Matthew Daly Lisa Kingsbury Fred & Ann Schmidt Patrick & Dorothy Bernard Frank & Lorie Carruth Jeanne Doll-Peyron John & Mary Gersbach Tessa Hill Henry & Molly Lambert Iris McDonald Issouf Ouattara John & Sandra Davis Councilor Jane E. Knodell & Ted A. Wimpey Jacquelyn S. Schultz Ariel Bernier Bradley Castillo Frank & Ducky Donath Chandra Ghimiray Ann V. Hiltz Tammy Lang Elizabeth McElhinney Jacob Ouellette affordable housing. If you are interested in making a planned gift and directing it Estelle Deane Tom & Lill Koerner John & Dianne Shullenberger Betsey Berryman Wendy S. Chace & Anna Dooley Bhakta Ghimire Marilyn L. Hindes & Dr. J Churchill Vanessa Lang Shawn McElwain Nancy Owens & Donal Dugan towards the Homes Forever Fund, please call Chris Donnelly at (802) 861-7305. Jacky DeForge Barbara S. Leaf John & Nancy Simson Tracie Bessette Randall S. Henson Sandra & John Dooley Elizabeth Giampa Hindes Catherine Lange Kevin McGauran Amelia Palmer Donald & Judith Dickson Buff Lindau & Huck T Gutman Senator Michael Sirotkin Christina Bevins Ryan Chapple Armand & Mary Lou Dragon Martita I. Giard Judy & Lonnie Hines Andrew Langevin Stu McGowan & Joan Watson Jaime Palmer Chris Donnelly & Nina Chill Robin Lloyd Paul R. Sisson Kathy Beyer Amanda Cianchetta Marie Druet Cheryl Giles Carol D. Hinson & Ryan Latimer Meaghan McKenna Pawan Parajuli Anonymous (4) Mark Gilbert & Theresa Fortner Dan Mendl TJ Donovan & Jessica McCloud Michael & Victoria Loner Joe Speidel Jared Bianchi Emily Clairmont Autumn Dufresne Thomas Gioia William S. Parkhill Ashley Lavigne Bruce H. McKenzie Marissa Parisi Isabella M. Acker Dr. Arnold & Virginia Golodetz Michael Monte & Wendy Hess Sandra & John Dooley Brian R. Lowe & Hillary Anderson Kerin Stackpole Robert & Carol Bick David & Rita Clark Gregory Duggan Barbara B. Glade Charles Hoag Richard Laws Mike & Ida McNamara Tim Parsons & Anne Judson L Randolph & Jane Amis Rosalyn & Thomas Graham Dan Morrissey William & Ellen Dorsch Kathleen & Daniel Luce Elizabeth Steele Donna Bister & Marc Estrin Miles Cleary John & Sheila Dunleavy Katie Glover Erik Hoekstra Lyndelle Lebruin Jeana McSweeney Wendy Paul Lewis & Dorothy Amis Timothy & Laurie Gutchell Jeanne Morrissey Carina Driscoll & Blake Ewoldsen Gerald & Jean Marchildon Allie Stickney Zachary Blodgett Richard Colburn Alan W. Dworshak & Andrew Godek Mary V. Hoffman Amanda Lee Tina McWilliams Jessica Peck Jeanne A. Boucher & Bob Holt Hardy Structural Engineering Junius Powell Brian S. Dunkiel & Leslie J. Halperin Mark & Katherine Mayer A. Lynn Stillman Gerri & Sam Bloomberg Benjamin Coleman Katharine Montstream Paula J. Godfrey Kylie Hollingsworth Michelle Lefkowitz & Stuart Weiss Dean Medeiros Mark Pendergrast Steven Bourassa The Hartland Group Mary Powell & Mark Brooks Leta C. Finch & Bill Ryerson Maria McClellan Steven F. Stitzel & Patti R. Page Michael Boardman Drs. Richard & Rose Colletti Ashleigh & David Ellsworth-Keller Marc & Meg Gold John & Susan Hood Robin Lehman Sheri Menard-Bjork Kaitlyn Pendriss Joseph & Dale Boutin Mary A. Heher Brigitte Ritchie James & Marion Foley Jackie & Dave McMakin William & Karen Talentino Sister Mary Boiselle Mr. & Mrs. Edwin I. Colodny Karen Emerson Lillian S. Golovin Donald & Mary Ann Horenstein Rep Joan G. Lenes Dan Mendl Matthew Penney & Betsy Ferries Erik Hoekstra Robert & Lynne Robbins Patricia M. Fontaine Neil & Elisabeth Mickenberg Brenda Torpy & Ken Messing Lynne A. Bond & David Watts Amanda Company Maria Emmighausen Nancy Goodrich Gerald & Virginia Hornung Frank U. Lenti Laura A. Merriam Barbara & John Perry Jim & Andrea Crook Donald & Mary Ann Horenstein Pauline Rowe Frances Foster Liz & Eric Miller Karina & Stuart Warshaw Srs Lucille Bonvouloir & Virginia L. Coolidge Dana & Michael Engel William & Valerie Graham Nathaniel House Emma Leonard Emma Merritt Thomas & Rebecca Peterson John E. Davis & Bonnie Acker Gerald K & Virginia A Hornung Tyler M. Scott & Dorothy Watson Rebecca Foster & Kevin Burget Michael Mittag & Penne Tompkins David M. Weinstein & Erin Hanley Mary Crosby Thomas J. Corr Jennifer Engle Eve Grasmeyer Oda W. Hubbard Jessica L’Esperance Nicole Metz & Taysean Jones Jeffrey & Cathy Phillips Donald & Judith Dickson Pamela M. James Barbara W. Snelling & Family Steve & Meg Foster Michael Monte & Wendy Hess Jodi A. Whalen & Phillip D. Merrick Janet & John Bossi Dean Corren & Cindy Wolkin Robert Eno Andrew Gratton Danielle Hurley Richard Leuchs Marjorie C. Meyer & Randall E. Kay Jessica Phillips Chris Donnelly & Nina Chill KeyBank Amy E. Tarrant Foundation Dawn & Kevin Francis Elinor A. Morency Tod & Yvonne Whitaker Jeanne A. Boucher & Bob Holt Stacey Corwell Ralph & Roseanne Esposito James H. Gray & Henry Louie Victoria Irwin James M. Libby Nicholas & Bridget Meyer Melinda Phillips Laurie Drew Lang McLaughry Spera Brenda Torpy & Ken Messing Gillian Franks Katharine B. Morgan Jessica A. Wilson Roger & Donna Bourassa Krystle Cote John & Jane Ewing Janet E. Green & John Morden Robert & Joanne Jarrett Michael & Marjorie Lipson Elizabeth B. Miles Melissa Poirier John & Jane Ewing George & Elaine Little Eileen S. Townsend Mary Gade Gretchen & Jim Morse Amy Wright & Gil Livingston Mike & Amy Bourgea Timothy Cote Brian Fabiano Coralyn Guidry Mia L. Joiner-Moore & Josie & Joe Lisaius Dennis Miller Erin Pond Eric F. Farrell Noelle J. MacKay Amy Wright & Gil Livingston Mary & Norman Gauthier Sherrill Musty Tom & Jane Zenaty Terrill G. Bouricius & Donald & Lynn Cummings Samuel Falzone Susan Guillan Elizabeth Moore Carol A. Livingston & Robert Millett Katharine Powell F&M Development Company Lois H. McClure Wright & Morrissey Bill & Debra Gottesman NBT Bank Catherine Lamb Ann & Fred Curran Rebecca P. Faour Dieter & Valerie Gump Ben & Judith Joseph Gary L. Golden John & Robin Milne Carrie Pratt

12 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 13 BUSINESSES, GOVERNMENT & CHARITABLE FOUNDATIONS MEMBERSHIP & COMMUNITY CAMPAIGN CONTINUED FROM PAGE 13 DEVELOPMENT FUNDERS

Jennifer Pratt Anya C. Schwartz Frances C. Stoddard & Jeremy Vandal Many businesses, government agencies and charitable foundations Anya Prochorchik Nadine L. Scibek Harry Grabenstein Lynn M. Vera The Champlain Housing Trust actively works to develop new and preserve existing affordable housing. To do so, we partner with several organizations and support CHT’s operations and programs through grants, gifts and Meagan Provencher Kim Scofield Emily Stoehr Dean Vinal agencies to secure funding and financing. A key partner is Housing Vermont, which brings years of development experience and secures private investment Sara Provencher Melinda B. Scott Alice Stokes Cecilia Vining in-kind donations. We appreciate receiving this support from our Jeremy Psaute Vennessa Scott Amy Stone Al Voegele to ensure long-term affordability when we create affordable apartments. We thank all of our funders and partners who have made significant contributions to community. Below is an alphabetical listing of those who supported Luke Puleo Rachel Seelig Richard A. Stoner & Theresa Hyland Peter & Julia Voll our region this year. Alison Quigley Stephanie Seguino Autumn Stowe Miriam Wade our work in FY 2016. Will & Lynette Raap Paul Seyler Timothy & Shellie Streeter Sean Wagoner Burlington Electric Department Efficiency Vermont State of Vermont Affordable Housing Tax Credits Town of Colchester Revolving Loan Fund Vermont Housing & Conservation Board Keith Thomas Randall Lila Shapero & Wayne M. Senville Kate Struhammer Susan Wainer City of Burlington Community Development Block Grant NeighborWorks® State of Vermont Treasurer’s Office Vermont Community Development Program Vermont Housing Finance Agency Allstate NeighborWorks® America Joanna M. Rankin & Mary Fillmore John Sharpless & Janet Rutkowski Robert Superchi Joannie R. Wales & Leigh T. Steele City of Burlington Housing Trust Fund Ronald McDonald House of Burlington TD Charitable Foundation Vermont Community Loan Fund Bike & Build Inc. New England Federal Credit Union Judy Raven & Lee Suskin Jon Shenton Macintosh Swan Jasmine Walker The Boutin Family Foundation NorthCountry Federal Credit Union Cheryl Read Ivy Shepard Gaye R. Symington & Chuck Lacy Jesse Walsh Burlington Housing Trust Fund Northfield Savigs Bank Robert A. Reiber & Anna Sherwell Julie Taylor Jonathan Wegner Chittenden County Regional Planning Commission PEO Sisterhood Chapter A Vermont Mary Ann Rogers Paula Short Katharine Taylor Albert & Joyce Weldon Citizens Bank Red Rock Mechanical, LLC Michael Reynolds Andrew Siegel M.D. Stephanie Miller Taylor Kaitlyn Whalen Citizens Housing & Planning Association REM Development Company Inc Gene & Julie Richards Lloyd D. Simons & Martina Lemm Richard Tenace III Michael Wheeler Community National Bank Serchans Ethnic Foods Rebecca Rivard-Darby Margaret Skinner Kandi & Mark Thermansen Roberta Whitmore Duncan Wisniewski Architecture Spruce Mortgage, Inc. Robert & Lynne Robbins Anthony Smith Edward Therrien James H. Wick Esq. First Nonprofit Companies TD Charitable Foundation Kevin Robinson Dustin Smith Charlie & Mima Tipper Valerie D. Wilkins & Dean Bloch Freeman French Freeman, Inc. United Way of Northwest Vermont Richard & Lillian Robinson Marjule Smith Norma Tourville Bernadette Williams Gardener’s Supply Company Vermont Community Development Program Michael Rohne Diane B. Snelling Ursula Toutant Tom Wilson & Kristin Blodgett Great Northern Construction, Inc. Vermont Community Foundation Joseph Rossignol Jessie P. Snyder Rep Maida F. Townsend Alice & Washington Winn Housing Partnership Network Vermont Energy Investment Corporation Thomas & Jeanette Ruffle Laura J. Solomon Kevin M. Trainor & Anne L. Clark Samuel Winship KeyBank Vermont Housing & Conservation Board Amy Saar Anthony Sorrentino Stephanie Trayah Patricia I. Witherell Main Street Landing Company. Wells Fargo Foundation-NeighborWorks® America Sen. Bernie & Jeff Sparks Rachel Trooper Richard Wood Mirabelles Safe and Sound Initiative Brandi Sarazin Samuel Spencer Robert Trucott Dagmar Wright Mutual of America Foundation White + Burke Real Estate Investment Advisors Kenn & Judith Sassorossi Kevin & Stacey Spillane Kristin Truong Jean H. Wright NCB Capital Impact/Social Innovation Fund Mark & Rosalind Saunders Julie & Scott Springer Erin Tucker Christopher Wyman Beth Savage Marga & Glenn Sproul Mary V. Twitchell Anton & Yona Yellin Alexander Scafidi Zivko Stankovic Andrew Twombly Alexander & Marguerite Zabriskie Kenneth Schatz & Trinka Kerr Sandra Steingard & Perry Tyler Juan Zhang Elias Schoen & Isabelle E. Shurman G Scott Waterman Denise Tyson Jacob Zubow Katherine & William Schubart David Stephenson Laurie Valentine Hope F. & Dr. J D. Schultz Beth Stever Katherine Valloch & Dan Bradley

14 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 15 Carina Driscoll TAKING A FRONT ROW SEAT FOR THE FUTURE

One could say Carina Driscoll grew up Still a resident of Burlington, Carina “But who is going to work to solve to me is the important, community work “Growing up, I was fortunate to have in a politically active household. It was and her husband Blake Ewoldsen live today’s challenges? I couldn’t be prouder we need to be doing now as we build the 1980s, in Burlington, and her parents with their two kids (aged 8 and 12) and of Bernie’s bid for the Presidency and Burlington for a successful future. I am enjoyed a front-row seat to what were Bernie and Jane Sanders. family dog in the south end. They call how he engaged people all over the proud to be part of it.” • it their “forever home.” By day, the two country to determine their own destiny, I believe are the most important “It was an incredibly influential time for run the Vermont Woodworking School as he did as Mayor. I think it’s my not only the youth of Burlington, but all in Fairfax with 40 full-time students. By generation’s time, and that’s why changes that laid the groundwork for people who were empowered to make night, you can find both active making [Blake and I] give our time change happen from the grassroots,” Burlington better. In addition to CHT, and our resources to the vibrant place Burlington is today.” she recalls. Carina volunteers with a number of causes we believe in.” organizations, and Blake donates time in It was at that time that Champlain support of the local school’s PTO. Balancing work, family and Housing Trust and many other agencies volunteer work is difficult, were formed to tackle pressing needs Carina stresses how much she gets out but worth it for Carina of the City’s population. CHT’s Board of her volunteer work. “It gives me great and her family. “All of this was reflective of the community as part satisfaction to be part of the process of of its mission, with equal representation innovating to address community needs. from residents of CHT’s housing, local Having a seat at the table while we governments and the general public. discuss solutions to reduce costs, meet Some thirty years after Carina witnessed needs, and improve lives is gratifying.” the formation of the organization, she was appointed as a public member For her, a motivation to be involved is to while working in the office of Mayor take part in what looks like a generational Miro Weinberger, then elected by the shift. “Growing up, I was fortunate to membership as a general member as have enjoyed a front-row seat to what I she serves today. believe are the most important changes that laid the groundwork for the vibrant place Burlington is today,” she explains.

16 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 17 Dear Members and Partners, CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ASSETS 2016 2015 LIABILITIES AND NET ASSETS 2016 2015 In my third report as CHT’s Treasurer, I can Apartments in Hinesburg, and the rehab of to last year, this is simply due to the transfer CHT does CURRENT ASSETS CURRENT LIABILITIES continue to assure you that the Champlain two sizable rental properties in Colchester of one property from our owned portfolio have a CASH — OPERATING, PROPERTY ACCTS $1,399,431 $736,183 ACCOUNTS PAYABLE $331,040 $170,541 Housing Trust remains financially sound and Burlington. to a partnership to preserve the long-term tremendous CASH — RESTRICTED DEPOSITS, FUNDED RESERVES AND DEVELOPMENT ACCTS 3,590,509 4,212,612 ACCRUED EXPENSES 433,078 801,134 and has grown its asset base in pursuit its affordability of the apartments. impact on CASH — BOARD DESIGNATED RESERVES 301,620 244,839 ACCRUED INTEREST 34,889 57,939 mission to “support the people of Northwest On the ensuing pages, you can see our FY16 the people CASH — LOAN FUND 755,241 814,058 ACCRUED VACATION PAY 214,137 205,793 Vermont and strengthen their communities financial report which reflects a 9.3% growth Our net equity in our properties continues it serves and clearly serves unmet needs LOIS H. McCLURE HOMES FOREVER FUND 2,049,640 1,793,515 SECURITY DEPOSITS 221,075 240,264 through the development and stewardship in net assets this past year. The assets we to grow, reaching $17.8 million by the in our community. As an example, in RENTS RECEIVABLE 116,017 141,472 RESERVE DEPOSITS HELD 204,462 243,627 of permanently affordable homes.” The past are adding are primarily rental property, and end of fiscal year 2016. Net equity in our collaboration with the UVM Medical Center DONATIONS AND PLEDGES RECEIVABLE 101,329 96,173 PREPAID RENT 62,444 71,675 properties is the excess and the Community Health Centers of OTHER RECEIVABLES 998,580 689,757 DEFERRED REVENUE— CURRENT 43,090 134,000 of the property’s recorded Burlington, CHT has been successful GRANTS RECEIVABLE 309,940 141,805 LINE OF CREDIT 288,750 — book value over the amount redeveloping motels into apartments that INVENTORY 12,068 6,364 CURRENT PORTION OF CAPITAL LEASE 19,472 18,697 of long-term debt. However, house people that would otherwise be PREPAID EXPENSES 83,543 111,572 CURRENT PORTION OF LONG TERM DEBT 643,050 14,042,969 the financial report is just homeless. In addition, when the nonprofits NOTES RECEIVABLE — CURRENT MATURITIES 136,591 1,389,503 TOTAL CURRENT LIABILITIES 2,495,487 15,986,639 numbers – the real value needed assistance saving their homes at TOTAL CURRENT ASSETS 9,854,509 10,377,853 DEFERRED REVENUE — LESS CURRENT PORTION — — of CHT is helping people St. Joseph’s School in the Old North End 12,142,650 11,697,226 LONG TERM DEBT, LESS CURRENT PORTION 26,237,696 23,356,773 find security in their lives of Burlington, they came to CHT and the NOTES RECEIVABLE — CURRENT MATURITIES because CHT has built seeds of a new community center have LESS CURRENT MATURITIES (136,591) (1,389,503) DEFERRED INTEREST 3,655,733 2,240,925 a stable, fiscally strong been sown. To continue to do this, CHT NOTES RECEIVABLE, LESS CURRENT MATURITIES 12,006,059 10,307,723 CAPITAL LEASE PAYABLE 985,307 1,004,779 organization to serve them. needs to maintain its financial strength and HOUSING COVENANT LOANS 16,691,819 15,370,056 TOTAL LIABILITIES 33,374,223 42,589,116 to continue to seek new sources of capital. FINANCING COSTS, NET OF ACCUMULATED AMORITZATION 112,927 104,121 NET ASSETS A strong balance sheet That is why the support of our members EQUITY IN PARTNERSHIPS 252,354 252,722 UNRESTRICTED 25,663,027 23,153,324 and increasing revenues and the community at large is critical to our INVESTMENT IN HIPEX 178,850 72,133 TEMPORARILY RESTRICTED 133,718 96,173 are just two indicators continued success. PROPERTY AND EQUIPMENT PERMANENTLY RESTRICTED 24,627,106 22,865,343 of the financial health LAND — HOMES HELD FOR RESALE 10,301,850 10,301,850 TOTAL NET ASSETS 50,423,851 46,114,840 of an organization. Thank you all for your partnership. LAND — HELD FOR RENT 8,912,307 10,317,281 TOTAL LIABILITIES AND NET ASSETS $83,798,074 $88,703,956 Effective management BUILDINGS — HELD FOR RENT 40,282,294 46,197,582 of property acquisition OFFICE FIXTURES, EQUIPMENT AND APPLIANCES 416,692 440,282 Ribbon cutting ceremony at Green Street Apartments in Hinesburg, Vermont. and development WORK IN PROGRESS 2,590,464 1,949,019 activities and related financing, together Paul Sisson, Board Treasurer TOTAL 62,503,607 69,206,014 year has seen a number of developments also include the new housing cooperative in with efficient management of existing LESS ACCUMULATED DEPRECIATION (17,802,051) (16,986,666) come to fruition, including the Bright Street 2016. Although the balance in buildings held properties, has allowed CHT to increase NET PROPERTY PLANT AND EQUIPMENT 44,701,556 52,219,348 Housing Co-op in Burlington, Green Street for rent decreased by $5.9 million compared its net assets each year. TOTAL ASSETS $83,798,074 $88,703,956 Unaudited - Full Copies of Our Audited Financial Statements Are Available Upon Request.

18 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 | 19 CONSOLIDATED STATEMENT OF ACTIVITIES STAFF (EMPLOYED BETWEEN OCTOBER 1, 2015 – SEPTEMBER 30, 2016)

Ryan Addario Macey Bouffard Chris Comiskey Chris Donnelly Sarah Gayle Eric Hoffman Denisa Macais Kristyn Nagy Anil Shrestha REVENUE, GAINS & OTHER SUPPORT Susan Ainsworth-Daniels Michael Bourgea Michelle Connor Donal Dugan Barbara Geries Nathaniel Hoover Sara Maddocks Alyssa Peteani Caitlin Sicard FOR YEARS 2016 2015 Kathleen Audy Margaret Bozik Tammy Cooke Alexander Ellis Tek Ghimirey Rebecca Hotaling Linda Mansfield Tanja Pixley Joshua Tappan OCTOBER 1, 2015– SEPTEMBER 30, 2016 REVENUES, GAINS AND OTHER SUPPORT Bernard Bailey Jonathan Breen Steven Crawford David Ellsworth-Keller William Groseclose Dan Ives Jaclyn Marcotte Cheryl Read Kandi Thermansen James Baker Michelle Brodeur Anthony Currier Rebecca Faour Susan Halstead Joel Jarvis Suzanne Martin Nicole Russell Brenda Torpy GRANTS $2,285,728 $2,157,669 Jeremy Baker Sonya Brown Julia Curry Richard Farr Tiana Hartmann Jusinta Katon Anthony Mazza Gerald Ryan Skip Trahan DONATIONS 402,859 174,970 34.3% FEES AND OTHER REVENUES Kelsey Bara Lee Buffinton Josephine Curtin Vanessa Feliciano Janet Harvey-Coutrayer Sandy Kilburn Michael McCaffrey Carmen Scoles Larry Tromblay Kathryn Baudreau Cayla Chaloux Patrick Dattilio Julie Fisher Nate Heald Frank Lenti Daniel Mendl Zerrin Sehovic Avisa Tuiqere DONATIONS—PROPERTY — — 32.4% RENTS Jeffrey Bergeron Joshua Chant Lynn Davis Peter Fisher Anna Herman Rob Leuchs Wade Miller Rajesh Shah Steve Vasseur RENTS 5,596,981 5,591,887 Katrina Blue Steven Choinski Amy Demetrowitz Janine Fleri Emily Higgins Morgan Liliedahl Michael Monte Jon Shenton Karina Warshaw Keith Borak Michelle Collins Zijad Dobraca Michael Fraley Judith Hines Heather Little Kimberly Moran Tracey Shoonmaker Donal Williams INTEREST 72,472 109,192 13.2% GRANTS GAIN ON SALE OF PROPERTIES 1,325,243 1,022,590 9.7% GAIN/LOSS ON DISPOSAL GAIN/LOSS ON DISPOSAL 1,678,690 113,123 GAIN ON BARGAIN PURCHASE — — 7.7% GAIN ON SALE OF PROPERTIES FEES AND OTHER REVENUES 5,931,542 5,075,513 2.3% DONATIONS TOTAL REVENUES AND OTHER SUPPORT 17,293,515 14,244,944 EXPENSES 0.4% INTEREST REAL ESTATE DEVELOPMENT 348,167 409,039 HOMEOWNERSHIP 1,268,711 1,401,981 PROPERTY MANAGEMENT 10,077,179 10,404,220 MANAGEMENT AND GENERAL 425,927 353,019 EXPENSES OCTOBER 1, 2015– SEPTEMBER 30, 2016 FUNDRAISING AND GRANTWRITING 126,851 124,166 COMMUNITY RELATIONS 309,002 267,401 TOTAL EXPENSES 12,555,837 12,959,826 80.3% PROPERTY MANAGEMENT CHANGE IN NET ASSETS 4,737,678 1,285,118 10.1% HOMEOWNERSHIP TRANSFER IN PARTNERSHIP INTEREST -428,667 751,895 NET ASSETS AT BEGINNING OF YEAR 46,114,840 44,077,827 3.4% MANAGEMENT AND GENERAL We are proud to be affiliated with the following organizations. Their advice, leadership and support makes our work possible. NET ASSETS AT END OF YEAR $50,423,851 $46,114,840

2.8% REAL ESTATE DEVELOPMENT

2.5% COMMUNITY RELATIONS

1.0% FUNDRAISING AND GRANTWRITING

Unaudited - Full Copies of Our Audited Financial Statements Are Available Upon Request. Design: Jon Shenton • Photography: Jon Shenton • Writing: Michelle Connor, Anna Herman, Chris Donnelly • Editor: Chris Donnelly 20 | CHAMPLAIN HOUSING TRUST ANNUAL REPORT 2016 88 King Street, Burlington, VT 05401 www.getahome.org Senator Patrick Leahy, Mayor Miro Weinberger and HUD Secretary Julián Castro TOLL FREE 877-274-7431 lead the ribbon cutting at the Bright Street Housing Co-op.

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