Granite City Apartments
4 Humbert Street, Barre, VT 05641
In partnership with Evernorth, Downstreet is developing Granite City Apartments, including the rehabilitation of the old Ward 5 school into nine affordable homes, and the renovation of 18 affordable homes at Downstreet's Bromur Apartments.
Downstreet started construction on both projects in early 2024. The long-vacant, historic Ward 5 school will be transformed into beautiful new housing, permanently affordable to our lowest income community members. The nine new homes, including two studios, three one-bedroom, and four two-bedroom apartments, are expected to lease up in the fall of 2024. This investment in the old school is preserving Vermont’s rich past while creating a vibrant opportunity for Vermont’s future families.
Partners: Co-developer and co-general partner: Evernorth; Architect: Scott and Partners; General Contractor: E.F. Wall; Project partners: Dubois and King, Pearson and Associates, Artisan Engineering, Wilcox and Barton, 3E Thermal, VEIC, 106 and Associates, BECx; Project funders: VHCB, CHFA, VCDP, FHLBB, Barre City, VHIP, NeighborWorks, 3E Thermal, Efficiency Vermont, Historic Tax Credits.
Fox Run Apartments
282 Berlin Mall Road, Berlin, VT 05602
In partnership with Evernorth, we are moving forward with our Fox Run project to bring 30 affordable homes to Berlin. The project is the first new affordable housing developed in Berlin in over a decade. Located within walking distance to area employers, schools and services, the new building will provide residents with green space, community gardens, and a community room.
Fox Run Apartments is designed as a single three-story building with a mix of 6 project-based vouchers, LIHTC units, and market rate units. Downstreet has a strong partnership with the Family Center of Washington County to serve previously homeless families; this program will be extended to include additional families at Fox Run. Downstreet has built a robust and successful system to coordinate services and connect residents to the help they need. Evernorth’s Connections Program will bolster these efforts as our collective focus on serving the needs of residents continues to grow. Read more about our groundbreaking celebration on August 2, 2024.
Partners: Co-developer and co-general partner: Evernorth; Architect: Wiemann Lamphere Architects; Construction Manager: Neagley & Chase; Project Funders: VHFA, VHBC, VT Community Development. Program, NeighborWorks, Efficiency Vermont and Green Mountain Power
Marsh House
51 Main Street, Waterbury, VT 05676
Our Marsh House project in Waterbury is now fully funded and moving forward in the development process. Construction on the project will begin in the fall of 2024, and will bring 26 new affordable homes to Waterbury. Three homes in Marsh House will be reserved for households with intellectual developmental disabilities.
