Ribbon cutting-Ground Breaking

VHFA joined housing partners and residents on September 8 to celebrate the completion of Butternut Grove Condominiums in the heart of Winooski. Developed by Champlain Housing Trust (CHT), the newly constructed building offers 20 shared equity homes starting at $143,500 for a 2 bedroom, 1.5 bath unit and up to $184,500 for a 3 bedroom 2.5 bath unit. All 20 condominiums have been purchased or are currently under contract and are affordable to buyers earning 100% of area median income, approximately $96,000 for a family of three in Chittenden County.  

VHFA joined housing partners in Stowe this week to celebrate the completion of Phase 1 of the River Bend Apartments project. The first phase of the project, developed by Lamoille Housing Partnership and Evernorth, includes nine newly constructed affordable apartments on Maple Street in Stowe. The project received federal tax credits and a loan awarded by VHFA, as well as a loan from VHFA’s Housing Investment Fund (VHIF).

“Projects like this one are easy when you have so many amazing partners working towards the same goal,” remarked VHFA Executive Director Maura Collins.

Last week, VHFA joined Governor Scott and housing partners in Colchester for a groundbreaking ceremony at Stuart Avenue Apartments. The project, developed by Champlain Housing Trust (CHT) and Evernorth, will create 36 new apartments as part of the Sunderland Farms master development at Severance Corners. The project will receive the majority of its funding from federal credits awarded by VHFA.

Last week, Vermont Housing Finance Agency (VHFA) joined Representative Peter Welch and housing partners in Winooski to celebrate the completion of Parc Terrace. The 46-apartment mixed-income project was developed by Summit Properties in collaboration with Dagesse Company. The $11.6 million project received federal housing Low Income Housing Tax Credits awarded by VHFA, which were sold to raise over $8 million in equity for construction.  

Last week, VHFA joined Governor Scott and housing partners in South Hero for a groundbreaking ceremony at Bayview Crossing. The project, developed by Cathedral Square Corporation, will create 30 mixed-income apartments for senior residents. The project will receive the majority of its funding from federal credits and a loan awarded by VHFA.   

"We know housing, especially housing working Vermonters and retirees and can afford, is a tremendous need in Vermont, all across Vermont," remarked Governor Scott.  

VHFA joined housing partners in Bennington earlier this week for a ribbon-cutting for Manchester Knoll and Woodland Station. The project, developed by Shires Housing, rehabilitated and preserved 27 affordable apartments located in Manchester and Bennington. The project received federal and state tax credits and a loan awarded by VHFA.  

VHFA Executive Director Maura Collins joined U.S. Representative Peter Welch and housing partners last week for a virtual ribbon-cutting for Woolson Block in Springfield. The historic revitalization project, developed by Evernorth and Springfield Housing Authority, offers 20 new apartments and commercial space. The project received the majority of its funding from federal tax credits awarded by VHFA. 

VHFA Executive Director Maura Collins traveled the western side of the state in late September to celebrate the completion of 46 newly constructed and 40 renovated perpetually affordable apartments. “Affordable housing is needed now more than ever as we begin to recover from COVID-19," Collins remarked. “In addition to providing affordable, stable homes for Vermonters, these apartments boost the local economy, connecting residents with jobs and local businesses.”  

VHFA joined Lamoille Housing Partnership (LHP) and Housing Vermont last week for a ribbon-cutting ceremony at Jeudevine Housing. The project involved the extensive rehabilitation of three buildings in downtown Hardwick, preserving 18 affordable apartments and a commercial business space. Jeudevine received nearly half of its funding from federal tax credits awarded by VHFA. 

VHFA Executive Director Maura Collins joined Lieutenant Governor Dave Zuckerman, Mayor Miro Weinberger, affordable housing advocates, and future residents at a ribbon-cutting ceremony on Monday at Laurentide Apartments in Burlington. The new building, developed by Champlain Housing Trust and Housing Vermont, offers 76 apartments including 52 affordable apartments for low and moderate income households. The project received the majority of its funding from federal tax credits and loans awarded by VHFA.