August 17th, 2019

Affordable Housing Bond

Two weeks ago I testified at the State House to ask the legislature to support the Governor’s proposed $35 million bond for affordable housing. Last week Vermont mayors and other advocates of the bond gathered at the State House for a press conference. In supporting this bond, my organization and our partners can build great new affordable housing while also adding short term jobs in construction and related industries. The long-term benefits include strengthened Vermont communities through the growing of our city and town grand lists and healthier, safer and more sustainable communities through smart growth and green design.

Nearly one third of Vermont families live in households that are housing cost burdened, meaning that they pay more than 30 percent of their income on housing costs. That number translates to about 36,000 children in Vermont living on the edge of homelessness, food insecurity, and the many other risks of poverty. According to a report released by Voices for Vermont Children and discussed on VTDigger, there are approximately 2,000 Vermont children experiencing homelessness defined as lacking a fixed, regular and adequate nighttime residence. Some recent data from Barre’s Good Samaritan Haven states they served in 2014-2016 54 veterans, 26 elderly adults and 62 victims of domestic violence. In this beautiful state that offers so much to so many, this is simply unacceptable.

The challenge we all face to address Vermont’s affordable housing crisis lies not only in adding new affordable homes. At Downstreet we often say that housing provides the first critical need for security and stability, but it is not enough. For many families to be successful, Vermont needs to invest in the necessary social services that are an integral part of the wrap-around approach to addressing pov-erty. Affordable housing providers collaborate every day with mental health agencies, community action agencies, and a host of other critical support agencies. Whether it is providing homes and services through the Family Center of Washington County to homeless families, or offering financial wellness classes to our communities, we are committed to the comprehensive solutions to poverty in Vermont.

Investing $35 million in affordable housing through the Governor’s bond proposal is the right tool to reduce the unacceptable number of Vermonters living day to day and being forced to choose be-tween paying the rent and buying groceries. A stable, secure, affordable home is the first step toward reducing poverty and providing all of Vermont’s children and families the opportunity to live the Vermont dream.

Eileen Peltier, Executive Director
Downstreet Housing & Community Development

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