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New housing development hailed as model for the state

Vermont Public Radio reports that state officials are saying that "a housing development in Milton that mixes affordable and moderately priced homes could be a model for the rest of the state." The development, called Cameron's Run, "is in a section of Milton south of the village that the town has designated for residential growth. There are already 17 homes in the development and another 32 will be built - a combination of single-family homes, duplexes and condominiums."  The homes which "will have three bedrooms, a bath-and-a-half and about 1,500 square feet of living space" will sell "for between $225,000 and $300,000 dollars." Notably the Champlain Housing Trust has purchased sixteen of the homes which will be sold to the public for $169,000 dollars -- "less than Chittenden County's median house price." In addition, the Champlain Housing Trust will "keep those homes perpetually affordable by retaining the right to buy them back when the owners decide to sell."

New legislation that was signed into law last week may help other communities duplicate developments like Cameron's Run. According to State Senator Vincent Illuzzi, chairman of the committee that worked on the bill, the new law ensures that "builders won't have to go through some of the review required by the Act 250 development control law." Instead, "cities and towns will take care of some of that during their own zoning reviews."

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Posted on Thursday, May 29, 2008 at 10:47AM by Registered CommenterVCF Staff | Comments Off