Thanks to  www.VermontBiz.Com for the August 19th posting.

According to Vermont’s congressional delegation, four Vermont nonprofit organizations will be awarded $2.3 million in capital for providing loans and technical assistance for nonprofit affordable housing, child care, and small businesses.

The four organizations include Vermont Community Loan Fund of Montpelier ($750,000 grant) Northern Community Investment Corporation of St. Johnsbury ($750,000 grant), Opportunities Credit Union of Burlington ($750,000 grant) and the Champlain Housing Trust ($74, 085 grant).

Rep. Peter Welch described this as a great opportunity for the state “This is great news for rural communities in Vermont, many of which face difficulty in accessing the necessary capital to invest in jobs, homes and businesses.  These awards will allow institutions serving these communities to boost their lending capacity, creating jobs in the short-term and laying a solid foundation for long-term economic growth.”

Read the full article here