VHFA Executive Director Sarah Carpenter joined other development and funding partners yesterday at the grand opening of Burlington Co-Housing East Village.
This $8 million mixed-income development represents nearly 15 years of planning and organizing by the Burlington Co-Housing Development LLC.
VHFA provided $6.1 million in construction financing to the 32-unit development.
51% of these homes were sold according to VHFA's affordability limits. Nine of these homes will be perpetually affordable though the Champlain Housing Trust and VHCB.