By the standards of most Vermont cities, Winooski has more than it’s share of affordable housing — and it’s about get more.
A year after construction began, the Casavant Overlook apartments on East Allen Street are just about complete. Lindsay Getz, owner and CEO of Summit Properties, says final inspections are wrapping up and the first tenants will move in in early September.
The project will come in at about $10 million, with construction costs of about $6.5 million. The Vermont Housing Finance Agency has kicked in some tax credits.
Twenty-seven of the 39 apartments are designated as affordable, Getz said, and the Committee on Temporary Shelter will maintain a presence in the building.
“COTS is actually going to be providing (services) to some of the tenants who are looking for housing in an effort to decrease the homelessness in Vermont,” Getz said.
The new master plan that the Onion City adopted in March shows that Winooski already has more affordable housing units per capita than any other community in Vermont. Even so, city officials have identified East Allen Street as an area that could use more units.
Meanwhile, Burlington officials have scheduled what Mayor Miro Weinberger is calling “Part 2” of the city’s housing summit. The goal is to deliver housing reform measures to the Burlington City Council this fall.
“We are looking at some expansion of the local investment into what we call the Housing Trust Fund, essentially the money the city uses to build permanently affordable housing,” Weinberger said.
For more from the mayor on Burlington’s housing needs and proposed solutions, tune in Sunday for What Matters This Week with Lauren Maloney.
You can catch the interview with Weinberger in its entirety at 10 a.m. on Local 22 and at 10:30 p.m. on Local 44.