Assisted-living facility seeks $1 million loan for workers
HARTFORD, Vt. (AP) — A luxury senior assisted-living facility opening in Vermont is seeking a $1 million loan to help support its workforce.
Valley News reports half of the 65 jobs The Village at White River Junction expects to create will pay low-to-moderate income, making it eligible for funds through the Vermont Community Development Program.
Through the program, the town of Hartford would apply for a $1 million grant and, if approved, loan it to The Village.
The Village will offer luxury senior housing, with apartments starting at $8,400 a month and amenities such as a rooftop dog park and a tavern.
Executive director of the facility Sandy Conrad says their workforce will likely stay the same if they don’t receive the loan.
A public hearing on the proposal is scheduled for Aug. 28.
Information from: Lebanon Valley News, http://www.vnews.com