Borrower Stories
Champlain Housing Trust (CHT) is a community land trust that supports strong, vital communities through the development of affordable homes and neighborhoods. With a loan from PCG, they redeveloped Burlington, Vermont’s South Meadow Development affordable housing complex.
PCG’s $600,000 loan is the first loan funded under a new GAP loan program. The program was partially funded with a CDFI grant with a purpose of enabling partnerships with CDFI banks who face more stringent regulatory requirements, particularly loan to value constraints.
The Ashby Street Project houses 21 low-income families. Partners helped finance this development to provide affordable rental opportunities for this Dallas community.