The Committee on Temporary Shelter (COTS) and Evernorth, Inc. (Evernorth) are working together to co-develop Main Street Family Housing, a new affordable housing apartment building at 278 Main Street in Burlington. The groundbreaking ceremony today marks the beginning of construction for this project, which will create 16 new housing units for families that have experienced homelessness or are at the risk of homelessness. The project is a fitting capstone for COTS former Executive Director Rita Markley, who retired last month after decades of service at the helm of the organization.
The Vermont Housing Finance Agency, Vermont Housing and Conservation Board, the City of Burlington, COTS and Evernorth provided funding for the project, which included a combination of low-income housing tax credits, loans and grants. Our transactional attorneys, Drew Kervick, Mark Saunders and Megan Noonan, helped the developers with real estate and tax credit financing matters to enable the project to come to fruition. If you are interested in learning more about our affordable housing practice, please contact Drew Kervick.
