Richford Main Street Mill Richford, VT

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Richford Main Street MillRichford, VT
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(No Transcript)
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Developers

• Housing Vermont
• Richford Health Center
• The Hartland Group

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History

• Sweat-Comings Furniture Mill
• Built 1890 and closed for decades
• Prominent location on Main Street
• Most buildings razed
• Site acquired and protected by Richford
  Renaissance

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Community Action

• Saved last few buildings
• Environmental clean-up and stabilization
• Creation of Historic Downtown district and
  Village Designation

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Development History

• Housing Vermont, Richford Health Center and
  Hartland Group visioning process with community
• Goals
• Historic restoration and adaptive re-use
• Meet community economic and social
• Attract private equity together with public
  support

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Results

• Macs Market
• Richford Health Center
• Permanently Affordable Apartments
• Commercial Office Space

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Means

• 7.4 million development cost
• First New Markets Tax Credit project in Vermont
• Public Sources
• VCDP, VHCB, Federal and State Historic Credits,
  Low Income Housing Credits, US Rural Development
• Private Sources
• VCLF, TD Banknorth, VCLF,CEI

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The Migraine