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Champlain Housing Trust Receving $100,000 Housing for Everyone Grant from TD Charitable Foundation

The folks over at Champlain Housing Trust announced some more exciting news last week.  CHT has been awarded a $100,00 grant from TD Charitable Foundation.  One of just 25 grants made from the Housing for Everyone competition, and the only one recognized in Vermont, CHT will be using the investment towards a housing and community development effort in Burlington’s Old North End.  CHT has additional details:

The grant is funding CHT’s work with Housing Vermont to redevelop an urban brownfield with four existing structures in Burlington’s Old North End into the Bright Street Housing Cooperative – 42 newly constructed homes in a resident-controlled housing development. Developing new, affordable housing in Chittenden County is critical with a 1% vacancy rate and rents that have increased by nearly 50% since 2007. “We are excited to support the transformation of a full block which needs more affordable housing and is in one of the most diverse neighborhoods in Vermont,” said Phil Daniels, Vermont President of TD Bank. “The Champlain Housing Trust has a long and successful history contributing to the vibrancy of the Old North End, and we are happy to be able to support their next development there.” …Four buildings will be constructed on the site; one large building with 35 apartments, and three other buildings with a total seven apartments scattered amongst them will form the streetscape. The larger building will be developed in the middle of the block. For a visual of the site plan, visit http://bit.ly/brightstreet. The plan envisions several eco-features, such as community garden space in raised beds, the possibility of solar panels on the roof stormwater collection for watering gardens and clotheslines. “The redevelopment of this area of Bright Street is an ambitious project,” said Nancy Owens, President of Housing Vermont, a partner in the development. “The grant from the TD Charitable Foundation will enable us to create housing that will benefit the neighborhood for years to come.” The development will be under construction in late summer of fall of 2014, beginning with the demolition of buildings along Bright Street. Occupancy in the new co-op is expected to be in late summer 2015.

Take a look at the proposed site plan of the Bright Street Redevelopment:

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