P.O. Box 254 | Bristol, VT 05443 | tel. (802) 453-7728 fax. (802) 453-7729
visit us: http://www.familyforests.org
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VFF’s Community Forests ProjectProject UpdateMay, 2007. We currently have 16 families committed to purchasing the 16 shares in the Little Hogback Community Forest. We expect to closing to occur shortly. We have generated new versions of the Operating Agreement and Loan Agreement for the project, which are available for downloading on our "LHCF Project Organizational Details" page. Project DescriptionIn New England, forestland
is becoming increasingly fragmented, with forestland ownership shifting
to higher income, often non-resident property owners. VFF’s
Community Forests Project offers nothing short of
a new model for forestland ownership. After intensive research and
planning, VFF is launching its first community forest, known as the
Little Hogback Community Forest LLC. The Project
Background, below, will introduce you to the Little
Hogback Community Forests Project. We encourage you to follow the
progress of the Little Hogback Community Forest project as it unfolds
through our Project Journal. Stay
up-to-date on events related to the Community Forests Project on our
CFP Schedule of Events page.
Read about the nitty gritty of how the Little Hogback Community Forest
LLC works on our Organizational Details
page.
Little Hogback Community Forest, LLC
Project JournalSchedule of EventsLHCF Project Organizational DetailsMedia Coverage
Project BackgroundYou may have noticed that it’s hard to buy forestland in Addison County if you are hoping to pay off your investment through selling timber. Vermont Family Forests, in collaboration with the Vermont Land Trust and with the generous support of a sponsor, is offering the Little Hogback Community Forest, LLC to Addison County residents who would like to buy and steward forest land, and receive a return on their investment.
The additional contribution of a sponsor has further lowered the price to one that should provide a modest rate of return from the land under careful management. A covenant will allow VFF to repurchase the land, if it is ever sold, at a price that could similarly yield a return. This makes the parcel perpetually affordable to community members who need a return on their investment.
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