Photo: River Bend Apartments exterior. Courtesy of News & Citizen.
SUMMARIZED PROJECT BACKGROUND: River Bend Apartments is a mix of new construction and rehabilitation of existing multifamily homes. The scope of work began under the direction of Graham Mink, who approached LHP with this "turnkey" opportunity to address the concerning lack of affordable housing opportunities in Stowe.
2/2/2022 UPDATE: LHP and our development partner Evernorth closed on River Bend Apartments! We are the proud owners of #605, #607, and #635 Maple Street in Stowe and #6 Hutchins Street in Morrisville. When the rehabilitation phase of the project is complete, a total of 16 income eligible, affordable rental apartments will be added to Stowe and Morrisville. Next month, River Bend's first residents will move into the 9 newly constructed apartments in Stowe. 4 of these apartments are providing a direct path out of homelessness for the incoming residents. We anticipate rehabilitation efforts of the existing buildings to begin soon. LHP is currently accepting rental applications for River Bend Apartments.
COLLABORATION SUCCESS! Governor Scott selected the Town of Stowe and Lamoille Housing Partnership as recipients of a Community Development Block Grant for River Bend Apartments in Stowe! The impact of the $350,000 project based funds will enhance and preserve the affordability of the apartments for all future residents. Thank you again to the Town of Stowe for their collaborative support and to Stowe housing advocates for their strong efforts! READ MORE.
THANK YOU: Thank you to Graham Mink, Stowe housing advocates, and the Town of Stowe for their collaboration and advocacy efforts on this impactful project!
MORE INFORMATION: More information about the project including the number of apartments, monthly rental costs, future residents and project funding sources can be found HERE.
