Submitted by dropkickninja t3_zwvgd5 in vermont
No-Ganache7168 t1_j215jc9 wrote
A local developer in Lamoille County is building a 100+ unit apartment complex. After he got the permit and started construction he agreed to sell 25 apartments to the local affordable housing partnership for around $250,000 each. I would imagine this means that the rent will have to be affordable forever. While the cost per apartment seems high, maybe other housing partnerships could work with private developers to create more housing.
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