NEWPORT — The Vermont Housing & Conservation Board recently awarded RuralEdge $8.65 million in federal funds to redevelop and rehabilitate a few local properties.
RuralEdge says they will use the money to bring 43 new and rehabilitated apartments on three sites in Newport City and Newport Center.
They say they will purchase and undertake moderate rehabilitation of a three-unit building located adjacent to their Lakebridge Housing development on Main Street in Newport City.
They will also begin redevelopment of the former Sacred Heart campus, to be known as Four Founders Circle.
The Four Founders Circle component consists of 26 new homes at the former convent, along with a community room and an office for on-site services including SASH.
Over time, RuralEdge says they envision this site to be built out to include condominiums in the vacant high school building.
They also plan additional homes with a mix of rental and homeownership opportunities on the former playing fields.
In Newport Center, they say they will acquire and redevelop two badly damaged buildings.
