Vermont’s First Net Zero Energy, Affordable Housing Development Opens
Affordable Housing Coalition member Cathedral Square has completed a new project in Waltham that provides affordable housing that is good for the environment at the same time.
Development partners Cathedral Square Corporation and Addison County Community Trust (ACCT) joined forces to re-develop a formerly unoccupied, blighted mobile home park located in Waltham bordering Vergennes, into a vibrant new rental community. The new development, ‘McKnight Lane,’ was named to honor Terry McKnight, ACCT’s former Executive Director who died unexpectedly in November 2014, who had wanted for years to transform this mobile home park.
The new development features fourteen net zero energy homes configured into seven duplexes and available for households with incomes at or below 50% and 60% of Area Median Income. At a time when the vacancy rate in the region is less than 1%, new high quality affordable homes are a rare opportunity for many low income Addison County households. You can read Cathedral Square’s press release about the new development here, and read about the impact that these new units will have in Addison County here.