Proctor Place, a 12-unit elderly housing development in Rutland County's Town of Proctor, is the first to use funds from VHFA's new pre-development loan program, funded by the MacArthur Foundation. (See our Mar. 31 post, "VHFA makes available MacArthur funds.")
A total of $236,000 from the program is helping restore the historic Main Street building following a fire last August. Work is nearly complete.