Cathedral Square staff and funding agencies joined Richmond Terrace residents today to celebrate the completion of renovations of Richmond Terrace — a 30-year old affordable senior housing development in Richmond. Richmond Terrace provides affordable rental housing to 16 senior households.
In 1985, Richmond Terrace was developed by the collaborative efforts of Richmond community members and Cathedral Square Corporation. Community members formed a nonprofit organization, Richmond Housing Inc., which obtained a capital grant and rental assistance from the US Department of Housing and Urban Development. Nearly 30 years later, Richmond Housing Inc. conveyed the property to Cathedral Square, who had managed the property since it opened. “Town officials and community members have been consistent supporters of this senior housing community and our efforts in preserving affordability and reinvesting in the property this year,” commented Nancy Eldrige, Cathedral Square’s Executive Director.
Cathedral Square is the primary provider of affordable senior housing in Vermont, and has a waiting list of 940 households. Cathedral Square assembled funding to accomplish renovations to the property which included a deep energy retrofit, new kitchens and bathrooms, new windows, siding and interior finishes. Ground mounted solar panels will help to offset the energy used to fuel the newly installed air source heat pumps, which will provide both heating and cooling in the apartments. Design services were provided by Duncan Wisniewski Architecture, and HP Cummings was the Construction Manager.
“This rehabilitation reduced our dependence on fossil fuels, while making the building more comfortable for residents in both winter and summer months. We also were able to increase handicapped accessibility, which is an important part of the mission of Cathedral Square,” commented Cathedral Square’s Director of Development Cindy Reid.
Photo Credit: Sally McKay To read the complete press release click here (PDF format). For more information please contact Cindy Reid of Cathedral Square at (802) 651-0889.