Contacts:
Chris Donnelly, Champlain Housing Trust, 310-0623
Kenn Sassorossi, Housing Vermont, 355-8009
Cindy Reid, Cathedral Square, 373-5419

Community Celebrates New Neighborhood

Vermont Governor, nonprofit partners celebrate new housing in Shelburne

 

Shelburne, VT- Three local nonprofit housing developers were joined by Vermont Governor Peter Shumlin Wednesday morning to celebrate the opening of Harrington Village and the Wright House in Shelburne’s village center. Scores of community members, representatives of funder agencies and new residents of the housing joined in the celebration.

“After many years of planning and persistence, this new neighborhood in the heart of Shelburne is now a reality,” said Gov. Peter Shumlin. “Harrington Village, including Wright House, brings together homes for all ages and a variety of income levels. Surrounded by open land but in the center of the village, it is providing both affordable housing and a good quality of life for residents.”

The three nonprofits – Champlain Housing Trust, Housing Vermont and Cathedral Square -collaborated to build a mixed-income, mixed-generation neighborhood of 78 new homes including 42 family apartments and 36 senior apartments. A second partnership with between Champlain Housing Trust and Green Mountain Habitat for Humanity will result in four affordable homes for sale in two duplexes currently under construction. Residents of the apartments started moving in this July, with full occupancy expected within weeks.

“We are here today because committed citizens and local officials in Shelburne wanted to make sure that their community is inclusive for people of all incomes,” said Brenda Tarpy, CEO of the Champlain Housing Trust. “We applaud that commitment.”

“This new neighborhood has so many wins – a great service plan for seniors, solar and the latest in technology, conservation of open space for the Town, and affordable financing – and it is all possible

because of partnerships at every level – partnerships with service agencies like the VNA and Area Agency on Aging, a commitment to smart growth by the Town of Shelburne, and national funding partners like USDA and Enterprise Community Partners, added Nancy Eldridge, Executive Director of Cathedral Square.”

Funding for the housing came from a variety of sources, including investments made by TD Bank and Enterprise Community Investment through the federal Low Income Housing tax credit program. Awards from HUD-funded programs and USDA Rural Development were instrumental to the development, including support from NeighborWorks America, HOME and Community Development Block Grants (commonly known as CDBG). Support and financing also came from the Vermont Housing and Conservation Board, Vermont Housing Finance Agency, Vermont Community Development Program, Efficiency Vermont, Vermont Gas, the Town of Shelburne and proceeds from the Merchants Bank purchase of state tax credits. SCH I P’s Treasure Shop, a resale shop in the center of Shelburne, made an early grant in support of the predevelopment costs of the project.

“The vacancy rate for rental housing in suburban Chittenden County is currently less than one percent,” said Housing Vermont President Nancy Owens. “Clearly, there are many families and seniors who are looking for quality apartments at affordable rents in good locations. Harrington Village directly responds to those needs,” Owens said.

Wright & Morrissey Inc. was the general contractor for both the senior and family housing, and Duncan Wisniewski Architecture is the project’s architect. The combined cost of the two rental developments is approximately $20 million.

About the Nonprofit Partners

Cathedral Square Corporation (CSC) is a nonprofit organization that owns and manages communities for seniors and individuals with special needs. The organization was founded as a ministry of the Cathedral Church of St. Paul in 1977 and by 1979 CSC had opened its first building in downtown Burlington, Vermont.  For the past 30 years, Cathedral Square has lived up to its mission of “healthy homes, caring communities and positive aging”, providing housing with supportive services for over 1,235 residents. As an advocate for a system that better serves the long term care needs of Vermonters, Cathedral Square administers the SASH Support And Services at Home program statewide as part of Vermont’s Blueprint for Health. The organization continues to develop properties throughout Northwestern Vermont. Today, CSC owns and/or manages 27 housing communities, each uniquely designed to provide safe and secure apartments at an affordable price.

Champlain Housing Trust, founded in 1984, is the largest community land trust in the country. Throughout Chittenden, Franklin and Grand Isle counties, CHT owns and manages approximately 1,800 apartments and stewards over 520 owner-occupied homes in its signature shared-equity program. CHT also provide homebuyer education and financial counseling and offers affordable energy efficiency and rehab loans. In 2008, CHT won the prestigious United Nations World Habitat Award, recognizing its innovative, sustainable programs.

Housing Vermont, a nonprofit syndication and development company founded in 1988, creates permanently affordable rental housing for Vermonters through partnerships with local organizations, public agencies and the private sector. This highly successful partnership has produced more than 4,800 affordable apartments in 155 different developments. Housing Vermont has raised and deployed more than $280 million in private financing and public investment