Marble Village Apartments
Sector: Road • Location: West Rutland, Vermont, United States
Source: Vermont Daily Chronicle
Marble Village Apartments is a newly completed 24-unit affordable housing building located on Main Street in West Rutland, Vermont. The project reveals systemic issues in Vermont's affordable housing development model, including high total costs driven by regulatory, financing, and soft costs, resulting in a total development cost of $13.17 million, with only $7.56 million spent on actual construc
- Status
- Closed
- Sector
- Road, Residential, Commercial, Government
- Location
- West Rutland, Vermont, United States of America
- Updated
- 22 Jul 2026
- Source
- Vermont Daily Chronicle
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Project Information
Participants
Sponsoring Agency |
Status
Original status | completed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Marble Village Apartments is a newly completed 24-unit affordable housing building located on Main Street in West Rutland, Vermont. The project reveals systemic issues in Vermont's affordable housing development model, including high total costs driven by regulatory, financing, and soft costs, resulting in a total development cost of $13.17 million, with only $7.56 million spent on actual construction. The project is almost entirely publicly funded and includes 5 deeply affordable units for households exiting homelessness, with the remaining units having fixed rents below market but not deeply affordable. The project highlights challenges in scaling affordable housing under the current subsidized model. |
Original sector | Housing |
Budget |
Location
Country | United States of America (USA) |
State | Vermont |
City | West Rutland |
Source
Source | Vermont Daily Chronicle |
URL |
More Details
Record type | Project |
Sector | Road, Residential, Commercial, Government |
Article published date | 2025-12-12 |
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