Middlebury is exploring a new financing tool to support the next phase of Stonecrop Meadows, Summit Properties’ mixed-income housing development. The program could help fund essential infrastructure and pave the way for up to 80 additional homes, including affordable and middle-income housing.
The effort reflects Summit’s continued collaboration with local partners to find creative solutions to Vermont’s housing needs.
Read more: “Middlebury taps new housing development tool” — VTDigger
Our COO, Zeke Davisson, has been active in public discussion and policy advocacy around housing in Vermont — particularly on the challenges rising building costs and regulatory hurdles pose to affordable housing development. In a recent article, he spoke about how legislation like Act 250 can impact the ability to build safe, affordable housing.
We believe in responsible development — balancing the need for more housing with environmental stewardship and community planning. Through advocacy and collaborative work, we aim to support housing access across income levels.
Read more: VT Digger – Vermont Lawmakers, governor at odds over how much to invest in housing
As housing demand rises across the state, some industry experts and local stakeholders have proposed modular and factory-built homes as a potential fast-track to increasing supply. A 2025 article examining this idea — “Vermont is desperate for new homes. Is it time to build them in factories?” — outlines how modular construction could help address the state’s housing gap and raises important discussions about innovation in housing development.
Read more: VTDigger coverage of modular-construction debate in Vermont
On February 3, 2025, Summit Properties officially broke ground on Stonecrop Meadows, a major mixed-income housing development in Middlebury, VT. The project will bring more than 250 new homes — for sale and for rent — to the community, with a mix of affordable, workforce, and market-rate units.
This project represents one of the largest new developments in recent years in Addison County — and aims to provide much-needed housing options for local workers, families, and seniors.
Read more:
VTDigger coverage of Stonecrop Meadows groundbreaking
Addison Independent coverage of Stonecrop Meadows groundbreaking
In late 2023, Summit Properties completed two new mixed-income buildings — Brandywine Lofts and Farmstead Lofts — in South Burlington, totaling 94 apartments. The majority of units are income-restricted, with a portion at market rate. The community opened its doors as Vermont continues to face a housing shortage, offering affordable options in a new, high-quality development.
Read more: VT Public coverage of Brandywine Lofts & Farmstead Lofts