New affordable housing project in the NEK - WCAX.COM Local Vermont News, Weather and Sports-

New affordable housing project in the NEK

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The North East Kingdom is welcoming some new affordable housing.

The Lakebridge project in downtown Newport includes new construction, as well as some renovation to existing buildings. The five buildings and 21 units stretch from Main Street to Pleasant Street.

Officials say the 6.5 million dollar project will be fully occupied by the first of the year. Residents will pay 30-percent of their income towards rent.

"I think this has definitely upgraded this neighborhood.  It's been really well received by the city.  They've been tremendous supporters.  And I think that this is another sign of more things to come for Newport," said Rural Edge CEO Merten Bangermann-Johnson.

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