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Developer details Stonecrop Meadows project and explains how costs and wetland rules shape affordable housing
Summary
Zeke Davison of Summit Properties described Stonecrop Meadows, a mixed-income neighborhood in Middlebury with 80 units under construction (including LIHTC-funded rentals), and explained how wetlands buffers, stormwater design, scarce subsidy and construction costs affect unit counts, building types and affordability.
Zeke Davison of Summit Properties briefed the Natural Resources & Energy committee on Stonecrop Meadows, a master‑planned neighborhood in Middlebury where the developer is under construction on the first phase of roughly 80 homes, including a low‑income housing tax‑credit (LIHTC) building.
Davison described the project’s unit mix (a 28-unit affordable rental building, homeownership units through a middle‑income program, and market‑rate units), the financing and public‑private partnerships that enabled the project (LIHTC, VHFA, VHCB and federal ARPA funds referenced),…
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