Stonecrop Meadows is a once-in-a-generation new neighborhood construction project of up to 200 homes in the heart of the beautiful town of Middlebury, Vermont. Summit broke ground in November 2024, welcomed its first residents in August 2025, and will welcome up to 80 households by the end of 2026.
Stonecrop Meadows represents the most ambitious new neighborhood construction project in Vermont outside of Chittenden County in decades and was designed to maximize smart growth principles: compact design, pedestrian connectivity, utilizing public utilities, and energy efficiency. It has also been planned to incorporate an even mix of affordable, middle-income, and market rate dwellings in both for-sale and rental structures.
The first phase, under construction between November 2024 and the end of 2026, includes a major new infrastructure project, the construction of Stonecrop Apartments (35 total units, 28 affordable and 7 market rate), as well as 45 for-sale duplex and townhome dwellings that affordable at a range of income levels through multiple state loan and subsidy programs.
The neighborhood is funded by several federal, state, and local sources, including (i) the VT Agency of Commerce and Community Development, the Town of Middlebury, and Middlebury College supporting infrastructure construction, (ii) the Vermont Housing Finance Agency supporting middle-income sales of townhomes and duplexes as well as Addison Housing Works and the Vermont Housing and Conservation Board supporting Shared Equity home sales, and (iii) the partners required to build Stonecrop Apartments.
The Stonecrop Meadows Homeowners Association is controlled and operated by Summit Properties during the construction period, but will be turned over to the homeowners and a third-party HOA manager upon substantial completion.
