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Housing Co-Op Approved in Old North End

Champlain Housing Trust recently received approval by the Burlington Development Review Board to begin work on development of the new Bright Street Cooperative housing in the Old North End. From an article in today’s Burlington Free Press:

Champlain Housing Trust is on track to demolish three buildings and construct 42 new housing units in Burlington’s Old North End. The Burlington Development Review Board voted unanimously last week to give the project final zoning approval. The project represents significant redevelopment of the area between Bright Street and Archibald Street by adding a three-story apartment building, two duplexes, a building with three units and a total of 44 parking spaces. “I think it’ll just really improve the aesthetics of the neighborhood, and it’ll bring just some really critically needed affordable housing to Burlington,” said Amy Demetrowitz, director of real estate development for Champlain Housing Trust. The project will be organized as a co-op with one- to four-bedroom units. Demetrowitz said the co-op model gives residents a sense of ownership. Of the 42 new units, six will be market-rate homes, and the remainder will be priced to be affordable for households earning less than 50 to 60 percent of the area median income.

Construction is expected to begin in May of 2015 with a goal of being ready for occupation by May or June of 2016. To read the entire article click here. For previous coverage of the Bright Street development, also from the Burlington Free Press, click here.

#ChamplainHousingTrust #Housing #VT

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