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Developers outline 'Ride Your Bike' mixed‑income project for Burlington’s South End
Summary
Developers of the Hula project told the House Committee on General & Housing that phase one of 'Ride Your Bike' will include 204 rental units, ground‑floor maker and health amenities, and a layered financing plan relying on LIHTC, state credits and local incentives to deliver mixed‑income housing by 2028.
Developers with Hula and Jonathan Rose Companies presented the 'Ride Your Bike' development proposal to the House Committee on General & Housing, saying the team has filed building permits and expects the first phase — a 204‑unit residential building in Burlington’s South End — to be ready for leasing in 2028 if the financing and schedule hold.
"We filed for our building permits, and we're on track to produce 204 units," said Russ Kelly, founder of Hula. Andrew Foley, director of development at Jonathan Rose Companies, described the building as predominantly one‑bed and studio apartments with some two‑bedrooms and said the team is proposing that "up to a third of the units are affordable to households at or below 50, 80% of AMI," while noting local inclusionary zoning requires 15% and priority housing programs can…
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