Together, Brandywine Lofts & Farmstead Lofts represented the largest delivery of affordable apartments in a single phase in Vermont in decades. Nestled into the O’Brien Farms neighborhood in South Burlington, VT, the two adjacent buildings consist of 94 rental apartments, including 71 affordable units—20 of which are set aside for households exiting homelessness—and 23 market rate units.
The buildings consist of thoughtful and spacious studios, one-bedroom, and two-bedroom apartments and offer available covered parking, shared exercise and common spaces, and adjacent parks. The building is built to a high energy efficiency rating and with modern, high-quality finishes.
The project was funded with a combination of Low-Income Housing Tax Credits—both 9% and 4% credits—as well as ARPA funding, a Community Development Block Grant, energy efficiency tax credits and incentives, and permanent debt. Summit Properties partnered with the Vermont Housing Finance Agency, Vermont Housing and Conservation Board, the Vermont Department of Housing and Community Development, and other partners. Brandywine Lofts & Farmstead Lofts were built to address the acute housing shortage at all income levels and are operated by Summit Properties to maintain qualify of appearance and experience for all those that call the community home.
