Resident-owners of Westgate Approve New Partnership

The tenant-led non-profit Westgate Housing in Brattleboro recently approved creating a new partnership with the Windham & Windsor Housing Trust. Below is an article from The Commons with more on this story:

At their annual meeting, residents of the Westgate housing community unanimously approved creating a new partnership with the Windham & Windsor Housing Trust. The new partnership will be between the tenant-led nonprofit Westgate Housing Inc. (WHI) that owns and manages the property and the Housing Trust. Westgate will remain a tenant-owned property, said Westgate board President and resident Julie Maloof. The Housing Trust isn’t taking over ownership or management of the property. Instead, the organization is stepping in as a partner to the residents to provide guidance and oversee large financial projects such as future rehabilitation of the property, Maloof and Community Director Jon Hoover said. Maloof said the Trust takes the place of longterm partner Housing Vermont of Burlington. Housing Vermont helped Westgate tenants purchase the housing community from private investors in 2000. According to materials from the Westgate board, Housing Vermont always intended to turn its portion of the Westgate partnership over to another organization. Windham & Windsor Housing Trust seemed the natural choice since it already owned the land Westgate sits on and has provided helpful guidance over the years, Maloof and Hoover said.

To continue reading the full article, click here.

#Housing #TheCommons

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