A senior housing facility in Vermont recently received a a $575,000 grant for an expansion project that will be a “major part” of the drive to get new units built, reports the Brattleboro Reformer.
“It is always a challenge to come up with the funding for a project like this, and receiving one of the major sources of funding up front is a good way to go,” said Bob Crego, Valley Cares Executive, in a statement. “It’s a really big step forward.”
Valley Cares, an independent, non-profit organization that staffs and manages the 52-unit independent and assisted living complex in Townshend, received the grant from the Vermont Community Development program, the Reformer reports.
The funds will be used to add onto the existing building; the facility wants to construct 12 new one-bedroom assisted living units to address the growing need for more senior housing in the area.
If everything goes as planned, the first tenant could move into one of the new units by January 2013, Crego told the Reformer.
Valley Cares is partnering with Housing Vermont on the expansion, which will apply to the Vermont Housing Finance Agency for low-income housing tax credits. The non-profit will also apply to the Vermont Housing and Conversation Board for funding and will start campaigning for private donor funds.
Read the Brattleboro Reformer article here.
Written by Alyssa Gerace