BURLINGTON — The Champlain Housing Trust has signed a lease and will eventually buy the former St. Joseph School building in the Old North End, according to the real estate nonprofit.
The buyer intends to maintain the building’s current use by various organizations and explore additional options.
The lease signed this month is a stopgap measure while CHT puts together the financing for its purchase, which is expected to be finalized in June. Officials with St. Joseph Parish said the sale price will be “in excess of $2 million” and is based on a recent appraisal.
The parish ceased operating the school in 2010, and the historic Allen Street building has since become a community center of sorts, hosting the Association of Africans Living in Vermont, the VNA Family Room and the Robin’s Nest Children’s…