Brooks House

Brattleboro,
VT
(2011)

Brooks House

Affordable Housing, Historic Rehabilitation, Housing, Mixed-use, Restaurants and Catering, Retail, Retail and Commercial, Rural

Financing to redevelop and restore the historic circa 1871 Brooks House, a mixed-use commercial building located in the heart of Brattleboro’s downtown.

Investment

NMTC Amount: $22,308,315
Total Project Cost: $22,958,485

IMPACT

79 FTE jobs
99 construction jobs
Rehabilitation of a vacant or under-utilized historic structure.
80,000 sq. ft. of real estate

CDEs

Evernorth Rural Ventures, MHIC

Investor

US Bank

Project Description

Vermont Rural Ventures partnered with the Massachusetts Housing Investment Corporation, to provide $23.4 million in New Markets Tax Credit authority to redevelop and restore the historic circa 1871 Brooks House, a mixed-use commercial building located in the heart of Brattleboro’s downtown.Vacant as a result of a fire in 2011, the reinstated 80,000 sq. ft. Brooks House revitalizes the downtown as it brings in over 350 students and faculty through anchor tenants Vermont Technical College and Community College of Vermont, residents from 23 mixed income apartments, retail and restaurant customers through the five ground floor commercial retail tenants and up to three restaurateurs, and employees through the one additional office tenant. The new Brooks House impressively welcomes residents and visitors alike with its modern amenities alongside its historical façade.

MAP

Address: 120 Main Street, Brattleboro, VT 5301

Census Tract: 50025968500

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