Sixmunicipalities honored for outstanding community development projects IMPLEMENTATION GRANTS $300,000Subgrant to Good Samaritan Haven to rehab their current emergency shelter facilityand construct an addition. The rehab will include installation of asprinkler system, upgrades to heating and ventilation system, structuralrepairs and ADAimprovements. The addition will include a fully accessible bathroom andcommon space. PLANNING GRANTS Community Development Champion: EdwinStretch. Ed built Gilman HousingTrust into a full fledged community development organization, enlarging theportfolio to include more than 400 affordable homes and apartments whileeffectively reinvigorating village centers and downtowns in the NortheastKingdom—Vermont’s most rural and economically challenged area. Thedevelopment work reflects Ed’s tenacity, his leadership skills, and hisvision for community development. The largest Vermont Community Development Program award –$500,000 – will help the Vermont Tubbs furniture factory in Brandon continue its recovery and preserve 87 jobs in Brandon by providingneeded capital. Other Vermont Community Development Program grants include a $300,000grant to City of Barre which will be used by the Good Samaritan Haven torehabilitate and expand their current emergency shelter, and a $275,000 grantto the Town of St. Johnsbury that will assist the Gilman Housing Trust inacquiring and rehabilitating shelter for women and families victimized bydomestic abuse. “These grants are so important because they will leverage over$4.5 million in other resources and help address critical needs in thesecommunities,” the Governor said. MONTPELIER, Vt. — (April 15, 2008) Governor Jim Douglas on has announced the awardof $1.6 million in community development grants to six communities that will provideaffordable housing, preserve jobs, and create shelter and housing for victimsof domestic violence. The Vermont Agency of Commerce and Community Development awardsthe competitive grants, based on recommendations of the Vermont CommunityDevelopment Board and approval of Secretary Kevin Dorn. Governor Douglas also praised the dedication of community leaders andvolunteers who work cooperatively with the State of Vermont to support and improve the qualityof life for Vermonters. VCDP 2007 CYCLE II AWARDS Economic Development Award:Town of Jay, Jay PeakGolf. Through this $748,664 VCDP grant to the Town a loan was provided to JayPeak Inc. to help fund the construction and operation of an 18 hole golf courseand academy at the base of the existing Jay Peak Ski Resort. The additionof the Jay Peak Golf Course to Jay Peak Ski Area has allowed it to become ayear round resort, providing year round employment to an additional 46individuals in Orleans and Franklin Counties. City of Rutland $15,000Grant to complete a marketing/management analysis in order to attract retailbusinesses to empty storefronts in the Special Benefits District located in theCity. Public Facility Award:City of Barre,Battered Women’s Services and Shelter. Through this $190,000 VCDP grantthe City provided a sub-grant of VCDP funds to the Battered Women’s Servicesand Shelter (BWSS), a non-profit organization providing service to women andchildren fleeing domestic violence, to make the facility handicappedaccessible, create 4 additional bedrooms, increase and improve common areas,add storage space for donations, and additional site improvements.. $1,566,500 Total Implementation Grants $60,000 Total Planning Grants$1,626,500 Total Grants Housing Award: Townof Middlebury,Stone Hill Housing. Through this $600,000 VCDP grant to the Town a deferredloan was provided to Housing Vermont and Addison County Community Trust todevelop 26 units of multi-family affordable housing on a rocky 3.88 acre parcelof land in Middlebury and 18 of the units are designated to low to moderateincome families. City of Barre Gov. Douglas AnnouncesAchievement Awards and $1.6 Million in Community Development Grants Commissioner’s Award: Town of Groton,Groton Housing. Through this $454,100 VCDP grant the Town provided a deferredloan to Gilman Housing Trust and Housing Vermont which assisted in the creationof 19-units of affordable housing, benefiting 41 low-to-moderate-income Groton residents. Not onlydid the $7 million project create and preserve 19 safe, attractive andaffordable apartments, it also provided new space for the critical elements ofany successful rural town—a new town library, space for local businesses,and streetscape and park improvements. $191,500Deferred loan/subgrant to Gilman Housing Trust, Inc. to rehabilitate the107-119 Main Street Newport property currently owned by the Passumpsic SavingsBank for creation of 13 units of affordable senior housing. Town of St. Johnsbury $275,000 Subgrant to Gilman Housing Trust to acquire and rehabilitate 418Railroad Street for Umbrella, an non-profit organization that providescounseling and shelter for women and their families who are victims of domesticabuse, to create 8 units of shelter and transitional housing in St. Johnsbury. Town of Randolph $30,000Subgrant to Randolph Area Community Development Corporation to conductpredevelopment work for a mixed use development at the former Ethan Allenproperty on Salisbury and School Street which will consist of locating allunderground utilities, making recommendations regarding the roads andutilities, performing a traffic study, performing the architectural assessment,and other related activities. Town of Brandon $500,000Loan to Vermont Tubbs furniture manufacturing plant to retain 87 jobs in Brandon, of which 77 % ofthe employees meet the current Low/Moderate income guidelinesrequirement. For information about the Vermont Community Development Program, pleasesee the Agency of Commerce and Community Development website at: http://www.dhca.state.vt.us/VCDP/index.htm(link is external) ### VCDP COMMUNITY ACHIEVEMENT AWARDS City of Newport “This grant to the town of Brandonwill be loaned to Vermont Tubbs and will allow them to continue theirturnaround,” the Governor said. “This is an investment in a companyand jobs that are critical to Rutland County.” The grant announcements were made Tuesday at an awards ceremony held tohonor four communities – Middlebury, Jay, Barre, and Groton, as well anexceptional individual who has worked in community development for over 15years – for their outstanding work and 13 additional communities that completedVermont Community Development Program (VCDP) projects in 2007.
Month: January 2021
Transportation Enhancement Grants Now AvailableMONTPELIER – The Vermont Agency of Transportation (VTrans) is now accepting funding applications for 2009 Transportation Enhancement projects.The Agency will award about $3 million to municipalities, non-profits, and State and Federal agencies that can be used to enhance Vermont’s transportation system in twelve broad categories.Grant awards will be made in the $10,000 to $300,000 range. Projects require a 20 percent local match and must have a strong transportation connection, but they cannot be roadway projects or maintenance activities.“All towns, cities and non-profit agencies operate with limited financial resources,” said VTrans Secretary Neale Lunderville. “The transportation enhancement grant program is a great opportunity for them to acquire funding for projects that otherwise they could not afford.”The grant program is a federal requirement, and awards use 100 percent federal dollars. VTrans cannot reallocate these funds for paving, road reconstruction, bridges, or other traditional transportation projects.Federal rules limit the grants to 12 broad categories that enhance Vermont’s transportation system. They are: · Bicycle and pedestrian facilities.· Bicycle and pedestrian safety and education activities.· Purchase of scenic easements or historic sites.· Historic or scenic highway programs including visitor centers, landscaping and scenic beautification.· Landscaping and scenic beautification.· Historic preservation.· Rehabilitation of historic transportation facilities.· Preservation of abandoned railway corridors.· Control and removal of outdoor advertising.· Archeological planning.· Environmental mitigation of highway runoff and vehicle-caused wildlife mortality.· Establishment of transportation museums. Examples of eligible activities are public sidewalks and bicycle paths, public school bicycle safety “rodeos,” purchase of an easement to protect an important scenic roadside vista, planting trees to beautify a street, rehabilitating an historic building into a tourist welcome center, rehabilitating an historic bridge or railroad station, archeology to evaluate the best location for a bike path, re-vegetating a roadside stream bank to stop erosion, rebuilding a town salt shed to stop polluting a stream, constructing an underpass to allow wildlife to cross a road, and rehabilitating an historic railroad engine as a permanent transportation exhibit. Applications require that a Letter of Intent be submitted to VTrans by June 16, 2008. Actual applications are due August 26, 2008. Applicants are also required to attend a training workshop on either June 23 or June 25, 2007. Applications and instructions can be obtained by phoning Sandy Aja at 802-828-2544 or by visiting the Internet at http://www.aot.state.vt.us/progdev/Sections/LTF/Enhancements%20Program/E…(link is external)John ZicconiVTrans Communications DirectorTelephone: 802.828.1647 ¨ Fax: 802.828.3522 ¨ Email: email@example.com(link sends e-mail)
Cambium Group LLC announced today that they have welcomed Stephen Wilson and Rebecca Walsh to their firm. Stephen is the company’s newest Web Developer/Programmer and will be working with the creative department to turn their designs into operational database driven websites. Stephen will also be responsible for all website maintenance and changes requested by clients. Stephen comes from Gordon-Darby NHOST Services in Manchester, NH where he was in charge of creating, updating and maintaining company websites. He is a graduate of New Hampshire Community Technical College with a degree in Application Development.Rebecca has been hired as the company’s Web Marketing Assistant. In her role she will coordinate public relations and marketing efforts as well as assist the Senior Vice President with the web channel development process. She will also work closely with Cambium Groups clientele to continue the tradition of excellent customer service. Rebecca comes from a strong customer service background including sales, training, and marketing. She graduated from Western New England College with a Bachelors of Arts in Communications.”We are very excited about the expansion of our team,” states Scott Wells, owner of the Cambium Group LLC. “Stephen and Rebecca bring new dynamics to the table that will help us to further enhance our exceptional service to our clients. I’m confident that our clients will be impressed with the additional value that Stephen and Rebecca bring.”About Cambium GroupThe Cambium Group specializes in innovative web site design, content management, e-commerce systems, internet marketing, virtual tours and print design. Cambium’s proprietary content management system (CAMAS) is an easy-to-use set of tools engineered to manage your entire web channel. CAMAS utilizes a familiar MSWord-like interface that allows you to update your company’s web site on your own by adding photos, editing/formatting text, and coordinating the appearance of informative items such as news or events. It’s affordable, and in most cases, is much less expensive than hiring a “web master” or web design firm to make ongoing changes. Cambium’s clientele includes web site designs for many businesses and credit unions located throughout the United States. Some recent website launches include Synergent Corporation, Maine Credit Union League, and Bellwether Community Credit Union.
Sovernet adds Winooski VT to its OC 192 SONET NetworkBellows Falls, VT August 26, 2008 – Sovernet, a leading provider of telecommunications services in Northern New England, announces the extension of Winooski, VT to their Redundant OC 192 SONET Network.”As part of our continuing next-generation network strategy, we want to evolve our network to one that maximizes service opportunities, reduces overall costs and quickly adapts to changing customer requirements,” says Brandon Peyton, Sovernet’s Director of Operations. “The flexibility of the SONET Network enables us to deliver a mix of services from a variety of locations to quickly support our customers without changing the network.”Three years ago, Huawei and Sovernet teamed up to implement an all-new SONET Network. This addition further enhanced the reliability of Sovernet’s local, long distance, and Internet services, plus added new service capabilities such as Gigabit Ethernet.The Huawei OptiX Metro SONET product family provides a common platform to provide rich Ethernet and traditional TDM services with line rates from OC3 through OC192. The OptiX Metro solutions are among the most compact in the industry, and can offer a variety of services from a single shelf.About Sovernet Communications:Founded in 1995, Sovernet Communications provides reliable Internet and telecommunication services to residential and business customers throughout Northern New England. Sovernet Communications is headquartered in Bellows Falls, with facilities in Burlington and Winooski, and strives to deliver superior customer care, total customer satisfaction and focuses on supporting local communities. For more information, please visit www.sover.net(link is external).
RealtyTrac(R) (www.realtytrac.com(link is external)), the leading online marketplace for foreclosure properties, today released its January 2009 U.S. Foreclosure Market Report(TM), which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 274,399 U.S. properties during the month, a 10 percent decrease from the previous month but still up 18 percent from January 2008. The report also shows one in every 466 U.S. housing units received a foreclosure filing in January.”The extensive foreclosure efforts on the part of lenders and government agencies appear to have impacted the January numbers — particularly the Fannie Mae and Freddie Mac moratorium on all foreclosure sales that was extended through the end of January along with Florida’s voluntary 45-day freeze on all new foreclosure actions and scheduling of foreclosure sales that was announced at the beginning of December,” said James J. Saccacio, chief executive officer of RealtyTrac. “January REOs, which represent completed foreclosure sales to the foreclosing lender, were down 15 percent nationwide from the previous month. And in Florida overall foreclosure activity was down 20 percent from the previous month.”Nevada, California, Arizona post top state foreclosure ratesNevada foreclosure activity in January decreased 4 percent from the previous month, but the state continued to register the nation’s No. 1 foreclosure rate, with one in every 76 housing units receiving a foreclosure filing during the month. Foreclosure filings were reported on 14,444 Nevada properties in January, up 137 percent from January 2008.California posted the nation’s second highest state foreclosure rate in January, with one in every 173 housing units receiving a foreclosure filing during the month, and Arizona posted the nation’s third highest state foreclosure rate, with one in every 182 housing units receiving a foreclosure filing during the month.Despite a 20 percent month-over-month drop in foreclosure activity, Florida posted the nation’s fourth highest state foreclosure rate, with one in every 214 housing units receiving a foreclosure filing during the month.Other states with foreclosure rates ranking among the nation’s 10 highest were Oregon, Illinois, Michigan, Georgia, Idaho and Ohio.California, Florida, Arizona post highest foreclosure totalsForeclosure filings were reported on 76,761 California properties, the most of any state despite a 14 percent decrease from the previous month. The state’s foreclosure activity in January still increased 34 percent from January 2008.Florida’s 40,770 properties receiving foreclosure filings in January was the second highest total of any state, and Arizona’s 14,674 properties receiving foreclosure filings was the third highest total of any stateIllinois foreclosure activity in January increased 16 percent from the previous month, giving the state 14,447 properties with foreclosure filings — the fourth highest state total. One in every 363 Illinois properties received a foreclosure filing in January, the nation’s sixth highest foreclosure rate.Nevada, Michigan, Ohio, Georgia, Texas and Virginia also reported foreclosure totals that were among the nation’s 10 highest.California, Florida, Nevada cities post top metro foreclosure ratesCalifornia cities accounted for six of the top 10 metro foreclosure rates in January among metro areas with a population of 200,000 or more. Merced, Calif., posted the top metro foreclosure rate, with one in every 59 housing units receiving a foreclosure filing during the month — nearly eight times the national average.Other California metro areas with foreclosure rates among the top 10: Riverside-San Bernardino at No. 4 with one in every 81 housing units receiving a foreclosure filing; Modesto at No. 5 with one in every 84 housing units receiving a foreclosure filing; Stockton at No. 6 with one in every 86 housing units receiving a foreclosure filing; Vallejo-Fairfield at No. 7 with one in every 100 housing units receiving a foreclosure filing; and Bakersfield at No. 8 with one in every 120 housing units receiving a foreclosure filing.Two Florida cities posted foreclosure rates among the top 10 metro foreclosure rates: Cape Coral-Fort Myers at No. 3 with one in every 80 housing units receiving a foreclosure filing and Port St. Lucie at No. 9 with one in every 123 housing units receiving a foreclosure filing.With one in every 63 housing units receiving a foreclosure filing, the Las Vegas-Paradise, Nev., metro area posted the second highest metro foreclosure rate in January. The Reno-Sparks, Nev., metro area posted the 10th highest metro foreclosure rate, with one in every 128 housing units receiving a foreclosure filing. Reno-Sparks was the only metro area in the top 10 that did not experience a month-over-month decrease in foreclosure activity, but all of the top 10 saw year-over-year increases in activity.Report methodologyThe RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the month — broken out by type of filing at the state and national level. Data is also available at the individual county level. Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90 percent of the U.S. population. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default — Notice of Default (NOD) and Lis Pendens (LIS); Auction — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank). If more than one foreclosure document is filed against a property during the month or quarter, only the most recent filing is counted in the report. The report also checks if the same type of document was filed against a property in a previous month or quarter. If so, and if that previous filing occurred within the estimated foreclosure timeframe for the state the property is in, the report does not count the property in the current month. U.S. Foreclosure Market Data by State – Jan 2009 Properties with Foreclosure Filings Rate Rank State Name NOD LIS NTS NFS REO Total — U.S. 46,681 52,435 80,986 27,520 66,777 274,399 39 Alabama 0 0 377 0 543 920 32 Alaska 0 0 112 0 55 167 3 Arizona 1 0 10,128 0 4,545 14,674 22 Arkansas 170 0 1,060 0 286 1,516 2 California 37,693 0 22,731 0 16,337 76,761 11 Colorado 1 0 3,080 0 1,242 4,323 23 Connecticut 0 1,050 0 211 390 1,651 36 Delaware 0 1 0 102 71 174 District of Columbia 57 0 104 0 46 207 4 Florida 0 24,743 0 10,433 5,594 40,770 8 Georgia 1 0 7,112 0 2,794 9,907 30 Hawaii 53 0 253 0 31 337 9 Idaho 752 0 704 0 56 1,512 6 Illinois 0 7,484 0 4,322 2,641 14,447 14 Indiana 0 1,680 1 1,840 1,035 4,556 35 Iowa 0 0 448 0 229 677 34 Kansas 0 89 0 256 320 665 40 Kentucky 0 16 0 442 213 671 42 Louisiana 0 0 0 386 99 485 37 Maine 101 0 173 0 34 308 16 Maryland 0 2,878 0 412 407 3,697 20 Massachusetts 0 1,616 0 547 1,199 3,362 7 Michigan 0 0 8,127 0 3,291 11,418 28 Minnesota 1 0 725 0 1,160 1,886 43 Mississippi 0 0 243 0 32 275 27 Missouri 57 0 1,125 0 1,287 2,469 46 Montana 0 0 7 0 42 49 49 Nebraska 0 0 0 8 23 31 1 Nevada 6,064 0 4,532 0 3,848 14,444 19 New Hampshire 0 0 485 0 265 750 17 New Jersey 0 3,364 0 1,001 640 5,005 44 New Mexico 0 67 0 24 73 164 38 New York 0 1,988 0 930 578 3,496 33 North Carolina 334 0 891 0 1,161 2,386 45 North Dakota 0 0 0 27 25 52 10 Ohio 0 4,115 0 3,990 3,094 11,199 31 Oklahoma 275 0 186 0 512 973 5 Oregon 40 0 3,763 0 708 4,511 29 Pennsylvania 0 1,214 0 1,360 1,108 3,682 13 Rhode Island 0 0 386 0 359 745 21 South Carolina 0 1,052 0 520 891 2,463 47 South Dakota 0 0 0 38 1 39 18 Tennessee 1 0 2,057 0 1,604 3,662 26 Texas 6 0 5,720 0 4,028 9,754 12 Utah 705 0 538 0 548 1,791 50 Vermont 0 0 0 0 6 6 15 Virginia 369 0 3,579 0 1,418 5,366 24 Washington 0 0 2,237 0 903 3,140 48 West Virginia 0 0 59 0 15 74 25 Wisconsin 0 1,078 0 671 950 2,699 41 Wyoming 0 0 43 0 40 83 Properties with Foreclosure Filings Rate Rank State Name 1/every X %Change %Change HU (rate) from from Dec 08 Jan 08 — U.S. 466 -9.56 17.77 39 Alabama 2,323 24.83 58.35 32 Alaska 1,690 -41.81 46.49 3 Arizona 182 -8.07 61.98 22 Arkansas 849 -16.43 29.35 2 California 173 -14.18 34.30 11 Colorado 492 -18.73 -36.73 23 Connecticut 871 -19.85 -55.34 36 Delaware 2,233 -58.77 0.58 District of Columbia 1,373 -31.46 -58.93 4 Florida 214 -19.76 35.10 8 Georgia 400 -1.24 -7.11 30 Hawaii 1,504 -32.46 173.98 9 Idaho 417 -5.38 105.71 6 Illinois 363 16.32 85.05 14 Indiana 610 -4.51 -17.94 35 Iowa 1,964 -23.68 31.71 34 Kansas 1,834 4.23 92.75 40 Kentucky 2,841 -23.92 17.31 42 Louisiana 3,833 -26.18 -32.64 37 Maine 2,262 13.65 48.79* 16 Maryland 627 -16.72 0.43 20 Massachusetts 810 -14.21 -57.80 7 Michigan 397 -15.75 6.25 28 Minnesota 1,222 -21.65 21.68 43 Mississippi 4,563 108.33* 69.75* 27 Missouri 1,072 -24.61** -26.50** 46 Montana 8,888 28.95 -45.56 49 Nebraska 25,187 -32.61 -87.84 1 Nevada 76 -3.96 137.29 19 New Hampshire 792 -14.29 -9.64 17 New Jersey 699 29.50 -2.11 44 New Mexico 5,257 -55.19 -57.18 38 New York 2,271 23.71 -28.08 33 North Carolina 1,729 -7.30 -29.26 45 North Dakota 5,972 18.18 126.09 10 Ohio 452 -0.54 -12.41 31 Oklahoma 1,668 -23.39 -21.02 5 Oregon 357 45.14 218.80* 29 Pennsylvania 1,488 -10.61 118.78 13 Rhode Island 605 -12.46 -4.73 21 South Carolina 821 35.85 462.33* 47 South Dakota 9,160 -13.33 77.27 18 Tennessee 744 -5.72 -13.61 26 Texas 967 2.73 -33.64 12 Utah 517 -4.63 85.02 50 Vermont 51,906 -62.50 500.00* 15 Virginia 610 -25.94** 4.15** 24 Washington 874 13.40 42.73 48 West Virginia 11,928 27.59 39.62 25 Wisconsin 949 16.99 28.40 41 Wyoming 2,920 3.75 93.02 *Actual increase may not be as high due to data collection changes or improvements ** Collection of some records previously classified as NOD in this state was discontinued starting in January 2009About RealtyTrac Inc.Ranked as the third largest real estate site by MediaMetrix and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest-growing private companies, RealtyTrac Inc. (www.realtytrac.com(link is external)), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new homes, with more than 1 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal. For current news and information regarding foreclosure-related issues and trends, visit our blog at www.ForeclosurePulse.com(link is external).SOURCE RealtyTrac
Secretary of Labor Hilda L. Solis today announced second year funding amounting to $66,678,357 to 183 community groups to provide education and training to young people across the United States. This includes a grant of $283,920 to ReSOURCE: A Nonprofit Community Enterprise (formerly ReCycle) in Burlington, Vt.The YouthBuild program assists out-of-school youth in obtaining their diplomas or GEDs while providing occupational training in the construction industry. While acquiring leadership skills and participating in community service, at-risk youth build and renovate affordable housing within their communities. “President Obama and I are delighted to provide second year funding for this successful program, which does so much for youth and their communities,” said Secretary Solis. “Not only does the YouthBuild program assist young people in obtaining additional education, it provides them with a sense of accomplishment, and empowers them to be good citizens and productive members of their communities.”Participants in YouthBuild programs include individuals who have been in the juvenile justice system, youth aging out of foster care, high school dropouts and others. In addition to receiving academic and occupational skill training, these young people develop leadership skills and participate in community service opportunities. Many YouthBuild participants are also learning “green” building techniques, assisting with retrofitting existing homes, and discovering how to help make their communities sustainable and environmentally friendly.Organizations chosen for YouthBuild funding include workforce investment boards, faith-based and community groups, and local and nonprofit housing development agencies. The YouthBuild program was transferred by Congress from the U.S. Department of Housing and Urban Development to the U.S. Department of Labor in 2006. The fiscal year 2009 funding for these YouthBuild grantees totaled $113,525,000, bringing overall funding to $180,203,354. Remaining funds from the FY 2010 YouthBuild appropriation of $102,500,000 will be used for ongoing technical assistance and a new YouthBuild competition. It is anticipated that this competition will be announced this summer with awards made in late fall. The Labor Department anticipates making approximately 28 grants. This competition will be full and open; however, those grantees who were awarded YouthBuild grants in July 2009 are not eligible to apply. The upcoming solicitation will provide specific details on eligibility.A full list of grantees can be found at http://www.doleta.gov/youth_services/pdf/Complete_YouthBuild_Grants_2009…(link is external). For more information on YouthBuild grants and other Department of Labor youth employment programs, visit http://www.doleta.gov/youth_services(link is external).Source: DOL. 7.13.2010# # #
Mascoma Savings Bank, FSB,Mascoma Savings Bank recently received its Community Reinvestment Act (CRA) Performance Evaluation from the Office of the Thrift Supervision (OTS). The Bank received an overall rating of ‘Outstanding’, which is the highest rating possible. This rating is awarded to less than 8% of banks nationwide.The federal Community Reinvestment Act requires banks to meet the credit needs of the communities they serve, including low-to-moderate income households. In evaluating Mascoma Savings Bank’s performance, the OTS noted that the Bank’s lending to low-to-moderate income households substantially exceeds that of other regulated institutions in its assessment area. Additionally, the Bank’s commitment to small business lending is strong and substantially exceeds that of other regulated institutions in its assessment area. Also, the OTS recognized Mascoma Savings Bank for being proactive in providing community development services, often taking a leadership role in developing and establishing organizations that provide services to low-to-moderate income individuals and families.‘We are proud of our ‘Outstanding’ CRA rating. This rating recognizes the Bank’s commitment to meeting the credit needs of businesses and families in our community’ said Ken Wells, Senior Vice President, Retail Lending and CRA Officer.Mascoma Savings Bank is a mutually owned Bank established in 1899. With 18 locations throughout the Upper Valley and Lake Sunapee Region, we are mutually owned and not for sale. With no shareholders to please, we are committed to remaining independent and to re-investing profits in our community. Soruce: Mascoma
Mount Snow Resort,Mount Snow employed a helicopter earlier this month to fly-in the 25 lift towers for its new six passenger bubble chairlift. A Sikorsky construction helicopter was used to fly twenty-five 8,500+ pound lift towers from the base of Mount Snow up the mountain, placing the galvanized steel towers on bolts the size of wiffleball bats from almost 100-feet in the air.This is the most significant part of the installation process for Mount Snow’s new $8.5 million lift. The very large construction helicopter ‘picked’ lift towers and crossarm assemblies from the staging area at the base of the mountain and flew them to the lift tower bases along the future lift line. The helicopter stays airborne throughout the entire process. Crews on the ground attach and detach, by hand, a hook connected to an 80-foot cable hanging from the belly of the helicopter. This carefully orchestrated process is supervised by officials from Leitner-Poma; the manufacturers of the Bluebird Express. Mount Snow in Wilmington, one of the parts of Vermont hardest hit by Tropical Storm Irene, plans to open as usual in early November for skiing. It anticipates that the Bluebird Express bubble lift will be operational by then or shortly after opening day.Facts about the installation: The helicopter company is called Construction Helicopters based out of MichiganThe helicopter itself is a Sikorsky SK61. It has a 62-foot rotor span and can lift up to 10,000 poundsThe helicopter did almost 40 ‘picks’, ie, separate trips from the staging area at the base to lift tower locations along the lift lineThe lift has a total of 25 towers. Crews were able to install three of the towers using ground equipment, so the helicopter flew in 22 of the towers. It took only five hours to fly in all of the parts for the 22 towers.Mount Snow is also building a 60’ X 130’ bubble chair storage barn. They will take the bubble chairs off the line every night and store them in this climate controlled, timber frame structure. This allows them to dictate how many chairs to put on the line and in the event of overnight icing or sticky snow, all they must do is clean off the haul rope to get the lift going, instead of having to clean off the chairs and their attachments which is more time consuming. Source: Mount Snow Resort. 10.7.2011