Booming Economy and Housing Crunch Define the Late Sixties for Burlington.

January, 1967

In the late 1960s,as in rest of the U.S., Burlington and Chittenden County experienced an economic boom. Family incomes reached an all-time high, businesses and other employers were opening or expanding, job prospects were excellent, and the city ended the 1968 fiscal year with an unprecedented surplus.  During this time, the demand for housing skyrocketed. In response, developers put up new apartments in and around Burlington, but not nearly enough to meet demand and maintain affordability. When developers, with the incredibly low mortgage rate assistance provided by federal housing aid, built Northgate, it opened in 1969 to become the largest affordable housing development in the state.

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