Governor Phil Scott joined by Executive Director Sarah Carpenter and others on June 5, cut the ribbon on the newly-constructed, 28,000 square foot Elm Place, an affordable residence for seniors, located in Milton.
Elm Place is considered a “passive house” due to its impressive energy savings. Some of these savings come from its cold climate air source heat pumps, a rooftop solar array and LED lighting. A few of Elm Place amenities include an elevator, exercise room, on-site storage, kitchen, lounge, laundry facilities, covered parking and an outdoor courtyard, including garden beds for resident use.
Demand for the units is high. All 30 units were leased within three weeks of opening. The project will offer support for residents through the Support and Services at Home program (SASH).
Cathedral Square, developer and manager led the $8.4 million construction of Elm Place. As a result of VHFA allocated housing tax credits, Peoples United Bank provided over $6.3 million for development costs. Other funding sources include Vermont Community Development Program, Vermont Housing and Conservation Board, HOME Investment Partnership, The Harry & Jeanette Weinberg Foundation, Efficiency Vermont, TD Charitable Foundation, Commons Energy, Enterprise, Housing Assistance Council, VHCB Feasibility, VCDP Planning and Vermont Gas.