Cambrian Rise is a new planned community that incorporates inclusive living spaces and inspiring working environments, anchoring the north end of Burlington's waterfront campus. The first comprehensive development of its kind in Vermont, Cambrian Rise is where sustainable living, community engagement, and business innovation come together as a beacon of possibility for Burlington and beyond.
Current plans include 128 affordable rentals for families and seniors with incomes of less than 65 percent of the Chittenden County median income.
The design of buildings and land improvements preserve natural resources and native vegetation. At Cambrian Rise, neighbors can take advantage of diverse housing opportunities and live-work environments. Fitness facilities, pedestrian friendly streets, biking, hiking, and swimming promote a healthy lifestyle.
This property is currently under construction.
Market rate units have been constructed and are available for rent. Affordable units have been planned and are under construction.
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Cambrian Rise is managed by Champlain Housing Trust.