CHT announces staff promotions

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Tue, 10/13/2020 - 2:10pm -- Denise Sortor

Following the announcement of a CEO leadership transition this summer, the Champlain Housing Trust is making additional changes in its leadership team. As Michael Monte prepares to take over as CEO in January, 2021 from Brenda Torpy, his chief financial officer duties will immediately be assumed by Cheryl Read.

Read is currently the Director of Human Resources and Chief Administrative Officer. A resident of Charlotte, she has worked for CHT since 2008, initially with CHT’s Housing Loan Fund before transitioning into her current role in 2017.

Amy Demetrowitz, Director of Real Estate Development, will be the new Chief Operating Officer beginning in 2021. Demetrowitz has more than 25 years under her belt at the organization, developing hundreds of affordable homes and multiple community buildings in her tenure. She and her family live in South Burlington.

“It goes to the strength of the organization to have people of this caliber and experience ready and able to assume these added responsibilities,” Torpy said.

In July, CHT announced the departure of its longtime CEO, who helped found the organization in 1984 and has been leading it since 1991.

The Champlain Housing Trust is a community land trust that supports the people of northwest Vermont and strengthens their communities through the development and stewardship of permanently affordable homes and related community assets. Founded in 1984, CHT is the largest community land trust in the country. Throughout Chittenden, Franklin and Grand Isle counties, CHT manages 2,300 apartments, stewards 620 owner-occupied homes in its signature shared-equity program, offers homebuyer education and financial fitness counseling, provides services to five housing cooperatives, and offers affordable energy efficiency and rehab loans. In 2008, CHT won the prestigious United Nations World Habitat Award, recognizing its innovative, sustainable programs.