After sitting vacant for six years, the Gevries mobile home park in Addison County has started redevelopment. VHFA provided housing tax credits that will cover an estimated 60 percent of the project’s costs and ensure that the new 14-home community will be affordable for low-income renters of all ages. By installing VERMOD high-performance duplex homes, developers Cathedral Square Corporation and Addison County Community Trust anticipate that the neighborhood will achieve net-zero annual energy costs, another critical component of its long-term affordability.
Watch Local22’s story last week about the project.
Photo: Demolition begins of the former Gevries mobile home park. Photo by Craig Peltier, VT Housing & Conservation Board.