Resident Ownership: Another Milestone

January, 2005

The work of the buyout received a boost when Fannie Mae, a government-financed housing investor and key Northgate partner, agreed to donate its stake in the property to Housing Vermont (a large nonprofit housing partner) for $1. Reducing the price tag, made it much easier to complete the mission  of transferring the property to its residents. In this 2005 press conference, Bernie Sanders captures Northgate’s impressive history and the significance of Northgate residents coming together to build power, engage the political process, and attain their goals.

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