Developments in Progress

The following is a detailed list of some of our upcoming development projects.
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, with an anticipated closing in mid-2024. The new construction project, near the Berlin mall, will be the first new affordable housing brought to Berlin in over a decade. In early 2024, the Vermont Housing & Conservation Board awarded over $1.5 million to the project. 

Partners: Downstreet and Evernorth are partnering to bring this much-needed affordable housing project to Berlin.
Granite City Apartments
4 Humbert Street, Barre, VT 05641

In 2023, Barre City residents said YES to Affordable Housing. In response to the Barre City Council’s goal to use American Rescue Plan Act (ARPA) funding to invest in housing, Downstreet applied to receive $250,000 to support the renovation of the Ward 5 School. The result was an outpouring of community support.

Because of the City’s generous donation, Downstreet was able to begin construction on the project at the end of 2023. The long-vacant, historic 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 mid-2024.

This investment in a dilapidated, old school is preserving Vermont’s rich past while creating a vibrant opportunity for Vermont’s future families.

Partners: Development partners: 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.
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. We would like to thank the Waterbury community, who so vocally support the project and acknowledge the scale of the housing crisis and the necessity for building new housing in Waterbury. We are excited to continue moving forward with the project!