Developments in Progress

In partnership with state and local agencies, Downstreet is moving forward with the acquisition and rehabilitation of the Speranza Inn at 173 South Main Street in Barre City. The existing 42-unit hotel will continue operating as a shelter resource, providing safe and stable accommodations for individuals and families experiencing homelessness, fleeing domestic violence, needing medical respite, or facing other short-term housing crises. Robust on-site services will be coordinated to support residents in stabilizing their situations and moving toward permanent housing solutions.

The Department of Children and Families has identified an ongoing need for shelter capacity in Washington County, and both the Economic Services Division and the Office of Economic Opportunity are providing subsidies for 30 of the units. While the immediate focus is on meeting this urgent need for temporary shelter, Downstreet’s long-term vision is to convert the property into permanently affordable housing once the demand for emergency shelter subsides. With Barre City zoning allowing up to 55 housing units on the site, a future market study will guide the final design and unit mix to best serve the community.

Our Marsh House project broke ground in Spring of 2025 and is moving quickly toward a spring 2026 completion. This new, high efficiency development will bring 26 new affordable homes to Waterbury, including studio, 1-bedroom, 2-bedroom, and 3-bedroom units. Three homes in Marsh House will be reserved for households with intellectual developmental disabilities and include supportive services through Upper Valley Services.

In partnership with Evernorth, we are developing the Stevens Branch project to bring 31 new affordable homes to downtown Barre. The project will feature a mix of studio, one-, two-, and three-bedroom apartments designed to meet the diverse needs of the community. With flood mitigation measures incorporated into construction, the building will provide safe, resilient housing in a central location close to employers, schools, and services.

Stevens Branch will include three apartments designated for individuals with Intellectual and Developmental Disabilities, supported through a partnership with Washington County Mental Health Services. This collaboration will ensure that residents have access to the services they need to thrive. Together with Evernorth, we continue to focus on building strong communities through high-quality, affordable housing that connects residents with resources and support