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Downtown rehab at 1120 Maple Street yields five units; developer cites CDBG funding
Summary
A developer updated the Board of Aldermen on a downtown building rehab that created five rental units — three set aside for people facing homelessness and two market-rate — financed in part with a community development block grant (CDBG).
Developer Zach Hale told the Board of Aldermen on Sept. 15 that a long-vacant building at 1120 Maple Street in downtown Rutland has been renovated and fully leased as of June. Hale said the project used a community development block grant provided through the Infrastructure Investment and Jobs Act (IRA) and that the project would remain under…
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