Shires Housing nets $505,000 for Battenkill North project
BENNINGTON >> Recently awarded funding has brought a project to increase the energy efficiency of 22 units of affordable housing across three towns closer to reality.
The $505,000 to Shires Housing means a redevelopment project to be called Battenkill North has met 90 percent of its funding goal, according to the organization's Executive Director Stephanie Lane.
The awarding of the two grants — $325,154 in Vermont Housing and Conservation Board (VHCB) funding and $179,846 from the federal HOME Investment Partnerships Program — was announced on Thursday.
"Shires was very pleased to learn that this important project was fully funded through the VHCB and HOME programs," Lane said Thursday.
She said the most recent funding comes on the heels of a 9 percent tax credit the project received from the Vermont Housing Finance Agency last month.
"We plan to be under construction this fall and are looking forward to vastly improving the energy efficiency and performance of these buildings," Lane said.
Shires Housing and Housing Vermont are co-developers on the Battenkill North project, a redevelopment of 22 residential units that are located in seven buildings on four sites in the towns of Arlington, Bennington and Shaftsbury.
Lane said the proposed scope of work includes energy retrofits of the buildings' "envelope" and includes door and window replacements; kitchen and bath upgrades; flooring and finish upgrades; mechanical and electrical upgrades; and exterior repairs.
Shires Housing, a non-profit housing development corporation, owns and manages 251 rental units in Bennington County: 36 in Manchester, 39 in Arlington, seven in Shaftsbury, and 169 in Bennington.
The organization is also seeking to rehabilitate the 104-unit Applegate Housing Complex. The $9.6 million cost, which includes refinancing $2 million in loans, aims to install new windows, doors, insulation and siding. In addition, that project includes removing the 29 oil-fired boilers throughout the 23-building complex and replacing them with a single, centrally-located biomass boiler which will burn wood pellets and wood chips from local suppliers.
Contact Edward Damon at 413-770-6979
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