Shires Housing recently announced that they have been awarded a grant from the Vermont Housing and Conservation Board to rehabilitate a group of apartments in six buildings they own in Bennington. Below is an excerpt from an article in the Rutland Herald that discusses this project, which is being called the “Bennington Historic Rehab,” and the funding received in further detail:
Shires Housing has been awarded a grant of more than $316,000 from the Vermont Housing and Conservation Board to rehabilitate 26 apartments in six buildings they own in Bennington. John Broderick, executive director of the not-for-profit affordable housing corporation, said the large majority of the work that Shires Housing, formerly known as the Regional Affordable Housing Corp., has done in Bennington over the past 24 years has been rehabilitation of existing housing stock “Frequently, we’ve taken over some of the worst buildings in town that have been severely deteriorated and using government resources, we re-invest in those buildings and give them new life,” he said. Broderick said he was grateful the VHCB had supported another Shires project. “VHCB has been very helpful in our 24 years to help provide critical planning and seed funding for these kinds of developments,” he said. This project, which Shires is calling the “Bennington Historic Rehab,” involves buildings on Pleasant Street, School Street, Safford Street and Kerrigan Lane. The award of $316,558 will be part of the overall cost, estimated at $3,613,690. The project will include interior upgrades and significant energy improvements to the apartments. The Bennington Historic Rehab name is appropriate as the homes involved were built between 1875 and 1890. All of them have been owned by Shires for many years.
To read the full article click here.
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