▁Mountain ▁H ous ing ▁Equ ity ▁Fund ▁with ▁a ▁total ▁invest ment ▁of ▁$ 1 4 ▁million ▁from ▁nine ▁invest ors . ▁The ▁Fund ’ s ▁dollars ▁were ▁spread ▁out ▁over ▁nine ▁projects ▁and ▁it ▁provided ▁an ▁internal ▁rate ▁of ▁return ▁of ▁ 7 . 7 5 %. ▁This ▁allowed ▁the ▁ag ency ▁to ▁fin ance ▁projects ▁in ▁which ▁it ▁was ▁not ▁the ▁co - developer . ▁ ▁Green ▁Mountain ▁H ous ing ▁Equ ity ▁Fund ▁II ▁was ▁created ▁in ▁ 2 0 0 5 ▁with ▁total ▁capital ▁of ▁$ 2 2 ▁million . ▁In ▁all , ▁commit ments ▁were ▁made ▁to ▁seven ▁develop ments , ▁which ▁created ▁ 2 3 2 ▁new ▁homes . ▁ ▁The ▁ag ency ' s ▁third ▁offering ▁closed ▁in ▁ 2 0 0 7 ▁with ▁a ▁total ▁invest ment ▁of ▁$ 2 5 ▁million . ▁ ▁Organ ization ▁It ▁has ▁ 1 6 ▁man agers ▁for ▁its ▁properties , ▁including ▁the ▁Verm ont ▁State ▁H ous ing ▁Author ity . ▁There ▁are ▁develop ments ▁in ▁all ▁of ▁Verm ont ' s ▁ 1 4 ▁count ies . ▁ ▁It ▁is ▁managed ▁by ▁an ▁ 1 1 - member ▁board ▁of ▁direct ors . ▁It ▁has ▁a ▁staff ▁of ▁ 2 1 . ▁It ▁has ▁a ▁budget ▁of ▁nearly ▁$ 3 ▁million . ▁ ▁Key ▁people ▁include : ▁President ▁- ▁Andrew ▁Bro der ick . ▁Sal ary ▁- ▁$ 1 0 2 , 7 0 0 ▁Vice ▁President ▁- ▁Kath le en ▁C annon . ▁Sal ary ▁-