About This Property
Victoria Gardens comprises 90 units of affordable housing in Waterford, Connecticut, with 72 units designated for low-income residents. The property, which opened in 2018, serves elderly residents and includes 85 one-bedroom and 5 two-bedroom units, financed through 9% Low-Income Housing Tax Credits. The development is managed as a rental community serving New London County.
Property Details
Fair Market Rent - New London County, CT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,055 |
| 1 Bedroom | $1,263 |
| 2 Bedroom | $1,556 |
| 3 Bedroom | $2,030 |
| 4 Bedroom | $2,625 |
Income Limits - New London County, CT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,600
- Very Low (50%)
- $36,050
- Low (80%)
- $55,950
- Extremely Low (30%)
- $24,700
- Very Low (50%)
- $41,200
- Low (80%)
- $63,950
- Extremely Low (30%)
- $27,800
- Very Low (50%)
- $46,350
- Low (80%)
- $71,950
- Extremely Low (30%)
- $30,850
- Very Low (50%)
- $51,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $33,350
- Very Low (50%)
- $55,600
- Low (80%)
- $86,300
- Extremely Low (30%)
- $35,800
- Very Low (50%)
- $59,700
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $63,800
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $67,950
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,600 | $36,050 | $55,950 |
| 2 Persons | $24,700 | $41,200 | $63,950 |
| 3 Persons | $27,800 | $46,350 | $71,950 |
| 4 Persons | $30,850 | $51,450 | $79,900 |
| 5 Persons | $33,350 | $55,600 | $86,300 |
| 6 Persons | $35,800 | $59,700 | $92,700 |
| 7 Persons | $40,120 | $63,800 | $99,100 |
| 8 Persons | $44,660 | $67,950 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waterford, CT?+
The Fair Market Rent (FMR) for New London County, CT is: $1055 (Studio), $1263 (1BR), $1556 (2BR), $2030 (3BR), $2625 (4BR). Actual rent at subsidized properties like Victoria Gardens is typically 30% of household income or less.
What size apartments are available at Victoria Gardens?+
Victoria Gardens offers the following unit types: 85 One-Bedroom, 5 Two-Bedroom units, for a total of 90 units.
What is the price range for apartments in Waterford, CT?+
Based on Fair Market Rent for New London County, the estimated price range is: 1-bedroom: $1263, 2-bedroom: $1556. Actual rent at Victoria Gardens may be lower for income-eligible households.
What are the income limits for affordable housing in New London County, CT?+
For a 4-person household in New London County, CT, the income limits are: Extremely Low Income (30% AMI): $30,850, Very Low Income (50% AMI): $51,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who is eligible to live at Victoria Gardens?+
Victoria Gardens primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Victoria Gardens?+
Victoria Gardens is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Victoria Gardens?+
Victoria Gardens is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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