Downstreet partnered with the City of Montpelier and Housing Vermont to complete Taylor Street Apartments and Montpelier Transit Center. The project constructed 30 new apartments of housing co-located with the City’s new transit center. The property offers six studios, eighteen 1-bedroom apartments, and six 2-bedroom apartments. 19-apartments are dedicated to low-to-middle-income earning individuals and families, and 11-apartments are "market-rate" with no income-restrictions.
Sitting atop the new multi-modal transit center, Taylor Street Apartments is a leader in transportation efficient housing. The City of Montpelier led the planning, permitting and environmental clean-up to prepare this property adjacent to the Winooski River for development. The state’s Housing Revenue Bond combined with housing tax credits and other public resources made it possible for Downstreet Housing & Community Development and Housing Vermont to purchase the development rights to the apartments, after other market-rate developers were unable to proceed.