Vermont Community Loan Fund Inc.

“Vermont community loan fund's charitable and tax-exempt purposes as been amended as follows: the corporation is organized and shall operate exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code to provide loans, grants and financial, technical and other support to community-based housing, community service providers, economic development and early childhood education and care projects that lead to healthy communities and financial stability for all vermonters. In furtherance of such charitable and educational purposes, the corporation shall: - make loans and provide assistance to projects that provide long-term access to and control over housing, access and availability of quality early childhood education and care, access and availability of essential community services and economic opportunities including employment for low and moderate income and other disadvantaged groups who are denied such access through conventional channels; - encourage the elimination of discrimination in access to housing, child care, credit and economic opportunities; - promote models of ownership or tenant control that prevent speculation and guarantee that housing remains affordable for successive generations; - support projects and educate and advocate for activities that lead to beneficial impacts on the natural environment; - educate and advocate for the improvement of children's welfare in the areas of learning, safety, health and economic security; - educate and advocate for investments in affordable housing, early childhood education and care, community services, small businesses and entrepreneurship, the revitalization of neighborhoods, downtowns and working landscape; -conduct public discussion groups, forums, panels, lectures and other similar programs designed to educate the public about housing, early childhood education and care and economic needs of loan income and other disadvantaged vermonters.”

“The finance committee of the board of directors reviews and approves the form 990 prior to filing.”

“Vclf monitors and enforces their conflict of interest policy by having board members sign the conflict of interest policy annually attesting to knowledge of the policy and compliance with disclosure.”

“The exective director's salary is determined by the executive committee of the board of directors with input from recent salary surveys of similar organizations.”

“The financial statement audit reports and annual reports are available on the vermont community loan fund wesbsite and upon request.”