
North Branch Apartments Remain Stuck in the Flood Plain
The FEMA award was meant to lift the buildings at 87 and 89 Elm Street out of the floodplain. The initial application went in in 2023, but since then construction costs increases has made the project infeasible. The shortfall is now roughly $2 million, larger than the award itself, and too much for Downstreet to absorb.
“Downstreet asked that we decline the money,” Matthew Jelacic, Community and Economic Development Specialist for Montplier said. “And our congressional delegation has said that we can’t decline the CDS grant.”
Jelacic said city staff are trying to find a substitute project at the same address that FEMA would approve.