Housing Vermont’s New Markets Tax Credit (NMTC) program has added staff capacity with the hiring of Beth Boutin as Senior Investment Officer. Beth will direct Vermont Rural Ventures, Housing Vermont’s NMTC affiliate, developing and managing a project pipeline as well as fostering and maintaining relations with investors.
Vermont Rural Ventures deploys its New Markets Tax Credit resources to support investment in the economic, environmental, and social well-being of Vermont communities. NMTC funds are used to retain and create jobs on low-income communities by financing key community developments in downtown and village centers and in other concerted community efforts which demonstrate positive impacts on Vermont’s economic, health care, energy and food systems.
“Beth’s experience and skills enhances our commitment to a strong NMTC program,” said Housing Vermont President Nancy Owens. “We are now well positioned to maximize the impact of the $35 million NMTC allocation we were awarded in February,” Nancy noted.
Beth’s experience includes seven years as a Community Development Specialist for the Vermont Department of Economic, Housing and Community Development and five years with the Vermont Community Loan Fund as fund developer and loan officer.