The Addison County Community Trust has applied to the Waltham Development Trust in Waltham, Vermont for a conditional use permit to allow the trust to install seven modular duplexes on 2.3 acres that once housed the Gervy Trailer Park, as addisonindependent tells MHProNews.
A public hearing will be held May 13 to review the $3 million proposal that would be affordable housing for families earning 60 percent of Addison County’s median income. Using the 2012 median annual income of $57,785 (as reported by USA.com) that rent would be around $867 per month.
ACCT Executive Director Elise Shanbacker said, “In the latest housing needs assessment that came out, Addison County still has a vacancy rate below 1 percent, and in particular I think there’s a lot of demand for family housing.”
The modular units will be built by a company in Wilder, VT, with funding from the sale of low-income tax credits, a Vermont Housing and Conservation Board grant that is expected in June, and a Vermont Community Development Block Grant that should be available this fall.
Before the project can begin to take shape, a broken sewer line and leaking fuel tanks on the property need to be addressed. Shanbacker expects the modular homes will be move-in ready by spring of 2016. ##
