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Housing Vermont
Downstreet Apartments – Barre, Vermont

Housing Vermont partnered with Downstreet Housing & Community Development to redevelop a former Section 8 housing site into attractive affordable apartments and a new home for Downstreet’s headquarters. The newly constructed Downstreet Apartments, containing 27 one- and two-bedroom energy efficient apartments, features a wood pellet heating system and received an AIA Citation Award for Excellence in Building Design, an Efficiency VT Honor Award in the multi-family housing category and a National Green Building Certification. The property, located just one block off Main Street, is part of a downtown redevelopment strategy that included new State offices, commercial space, and a new City Center financed in part by Housing Vermont's NMTC program.  

LIHTC equity provided $5.6 million of the $8.5 million total development costs. Other sources of funds included the Vermont Housing and Conservation Board, Vermont Agency of Commerce and Community Development, City of Barre, and Efficiency Vermont. Downstreet Apartments opened in July 2016 to strong demand.