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New Affordable Apartments Open in Hinesburg

Hinesburg, VT – Thursday afternoon brought together scores of interested onlookers as two local nonprofit housing organizations marked the completion of construction of 23 new apartments in the center of Hinesburg’s village. Green Street Apartments were developed and built by Snyder Homes and purchased by Champlain Housing Trust and Housing Vermont to add to the stock of affordable housing in the region. “The Green Street Apartments are a welcome addition to Hinesburg. The development is an example of what can be achieved when individuals, organizations, and government work together towards common goals,” said Trevor Lashua, Hinesburg Town Manager. Champlain Housing Trust and Housing Vermont assembled a financing package that included support from the Vermont Housing and Conservation Board, the Vermont Community Development Program, the federal HOME program, and private equity from the sale of state and federal tax credits allocated by the Vermont Housing Finance Agency. “It is wonderful to see these new apartments in the center of town. Hinesburg has been a model for other small communities to emulate as we manage growth and affordability hand-in-hand,” added Kathy Beyer, Vice President for Development at Housing Vermont, and a Hinesburg resident. “If it weren’t for a group of Hinesburg citizens recognizing the tremendous need for affordable housing across our region we wouldn’t be here celebrating today,” said Brenda Torpy, CEO of the Champlain Housing Trust. “The opening of these new apartments marks another step towards our ultimate goal that everyone has an affordable and decent place to live. Our thanks go out to everyone who has worked with us on this effort.” The housing will include a range of bedroom sizes to house both individuals and families. Rents for the affordable two-bedroom apartments range between $800 and $945, heat and hot water included. In comparison, the average market-rate rent for 2-bedroom apartments in the greater Burlington area is $1,394.

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