VHFA News

By:
Leslie Black-Plumeau

Executive Director Sarah Carpenter joined partners from Cathedral Square and other agencies to launch construction of Elm Place, a 30-unit building for seniors in Milton. Elm Place will be Vermont’s first multi-family building certified to Passive House standards. Better windows and doors, added insulation and improved air sealing are expected to enable the building to use roughly 65 percent less energy. 

The project has an anticipated opening date of March 2017. Residents will benefit from Support and Services at Home (SASH) care coordination which supports aging in place through an on-site SASH coordinator and part-time wellness nurse. Two apartments are fully ADA accessible and all apartments are adaptable.

Housing tax credits allocated by VHFA will cover roughly 75 percent of the costs of developing Elm Place. Other funders include People’s United Bank, the Vermont Community Development Program, the Vermont Housing and Conservation Board, the HOME Investment Partnership, the Harry & Jeanette Weinberg Foundation, Efficiency Vermont, the TD Charitable Foundation, Commons Energy, Enterprise Community Partners, The Housing Assistance Council, Vermont Gas, and in-kind support provided by the Town of Milton. Read more.

Photo courtesy of Cathedral Square Corporation. Sarah Carpenter (far left) with agency partners at Elm Place groundbreaking, Milton, Vermont, 5/2/2016.