Gilman Housing Trust/RuralEdge
Governor Prouty Apartments
$900,000 Permanent Multifamily
Purpose: New Construction for 24 affordable senior rental units
CHC provided financing for the substantial renovation of a 30-year old property to make this subsidized senior housing eligible for new 20-year HAP contract. The three 2-story buildings on 1.51 acres are located in a mixed use neighborhood that was developed over 100 years ago on the shores of Lake Memphremagog.