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Development

Swanton housing project beneficiary of latest recovery funds

The $1.4 million in American Recovery & Reinvestment Act funds awarded to Vermont today (Read our previous post about the award) will be used to finance Blake Commons, a 16-unit multifamily housing project in Swanton.

Blake Commons is being developed in partnership with Housing Vermont and Champlain Housing Trust. It'll provide homes to households at 50-60% of the area median income.

Village Haven to be first "Vermont neighborhood"

Last week developers broke ground in Essex Junction on what will become Village Haven, the state's first designated "neighborhood" under the new Vermont Neighborhoods law passed last spring.

Dousevicz Inc. of South Burlington plans to build 18 two- or three-bedroom single-family homes and six duplex homes on the property.

The houses will sell for $258,000 to $320,000.

Call for submissions: Historic rehab awards

The National Housing and Rehabilitation Association (NH&RA) is accepting entries for its 5th annual J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.

The "Timmy" awards honor outstanding rehabilitation and preservation projects in eight categories based on overall design and quality, interpretation and respect of historic elements, impact on the community, and financial and market success.

Categories include:

$10.3 million coming for affordable housing in Vermont

union square
brookside villageThe U.S. Department of Treasury announced Friday that Vermont will be one recipient of a total of $468 million to benefit affordable housing nationwide.

Grants to benefit affordable housing in Springfield, Johnson, Bellows Falls

Yesterday the Douglas administration announced nearly $6 million in grants to benefit affordable housing in Vermont.

The funds come from the Neighborhood Stabilization Program.

Vermont to receive $5.4 million from HUD

The U.S. Department of Housing and Urban Development (HUD) today awarded more than $5.4 million to benefit affordable housing in Vermont.

The funding comes via HUD's new Tax Credit Assistance Program (TCAP), part of the American Recovery and Reinvestment Act of 2009. TCAP is a grant program that provides capital investments to stalled Low-Income Housing Tax Credit (LIHTC) projects.

The money should help VHFA resume funding of affordable rental housing while stimulating employment in the construction trades.

Brattleboro co-op housing receives tax credits

VHFA has awarded tax credits to Upper Story Housing, a proposed two-story addition to a new building in Brattleboro proposed by the Brattleboro Food Co-op.

Chief of Program Operations David Adams is quoted in a story about the development in this morning's Brattleboro Reformer.

Read the story online.

Shelburnewood receives preliminary approval

The Shelburne Development Review Board has granted preliminary approval to Shelburnewood.

That proposed housing project, which we told you about earlier this week, would replace the Shelburnewood Mobile Home Park with a mix of affordable, work-place and market-rate housing.

The Board's 6-1 vote means project planners can move ahead to more detailed plans.

If the project is realized, it'll eventually include 270 units on 27 acres, built over the course of 10 years. Half of those units would house the elderly.

Thayer School building to become housing

thayer school buildingThe former S.W. Thayer School on North Avenue in Burlington will be redeveloped to include affordable housing.

Cathedral Square Corp. (CSC) purchased the property from the State of Vermont yesterday. CSC will redevelop it in conjunction with Champlain Housing Trust and EF Farrell.

Vermont Rural Ventures award in Brattleboro Reformer

Vermont Rural Ventures’ $30 million award of federal stimulus money was covered in this morning’s Brattleboro Reformer.

You can read the article online.

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