Milton, VT—State and local officials, and leaders from finance and nonprofit housing organizations, marked the construction start of an innovative, affordable housing community for seniors at a groundbreaking ceremony on May 2nd.
Elm Place is located at 60 Bombardier Road in Milton and will be Vermont’s first multi-family building certified to Passive House standards. The super energy-efficient building will use roughly 65% less energy than those built to today’s standard codes. This efficiency is achieved through better windows and doors, added insulation, and improved air sealing.
Elm Place, developed by Cathedral Square, is expected to open in March, 2017, and will provide thirty, affordable, one-bedroom apartments for low-income seniors. Amenities are to include covered parking, laundry facilities, on-site storage, exercise room, and more. Rent will include heat, air conditioning, hot water, laundry and electricity. Support And Services at Home (SASH) will be offered to residents at no cost. SASH is a care coordination program which gives residents access to the care they need to stay healthy while living comfortably and safely at home.
Kim Fitzgerald, Cathedral Square’s CEO, said, “the Passive House focus on sustainability and human comfort aligns well with our vision for affordable senior housing. It’s very exciting to reduce our carbon footprint while increasing comfort and quality of life.”
Liz Gamache, Director of Efficiency Vermont, said, “So, as Elm Place is indeed a project that will provide a viable, healthy and affordable place for seniors to live for years to come, and benefits that go beyond the four walls, we see the reduction of economic and environmental burdens — not just for the residents, but their families and also future generations.”
Elm Place development costs were funded by sources including Vermont Housing Finance Agency, People’s United Bank, the Vermont Community Development Program, the Vermont Housing and Conservation Board, the HOME Investment Partnership, The Harry & Jeanette Weinberg Foundation, Efficiency Vermont, the TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, Commons Energy, Enterprise Community Partners, The Housing Assistance Council, Vermont Gas, and in-kind support provided by the Town of Milton.
To read more about Elm Place, click here.