About This Property
Cherry Street Housing offers 8 low-income units in Hardwick, Vermont, with a unit mix of two 2-bedroom and six 3-bedroom apartments designed to serve families. This property has been in service since 2006 and operates under 4% Low-Income Housing Tax Credit financing through tax-exempt bonds. A non-profit organization owns and manages the property.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Caledonia County, VT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $899 |
| 1 Bedroom | $922 |
| 2 Bedroom | $1,068 |
| 3 Bedroom | $1,390 |
| 4 Bedroom | $1,657 |
Income Limits - Caledonia County, VT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,450
- Very Low (50%)
- $27,450
- Low (80%)
- $43,900
- Extremely Low (30%)
- $18,800
- Very Low (50%)
- $31,350
- Low (80%)
- $50,150
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,250
- Low (80%)
- $56,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,300
- Low (80%)
- $67,700
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,450
- Low (80%)
- $72,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,550
- Low (80%)
- $77,700
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,700
- Low (80%)
- $82,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,450 | $27,450 | $43,900 |
| 2 Persons | $18,800 | $31,350 | $50,150 |
| 3 Persons | $21,960 | $35,250 | $56,400 |
| 4 Persons | $26,500 | $39,150 | $62,650 |
| 5 Persons | $31,040 | $42,300 | $67,700 |
| 6 Persons | $35,580 | $45,450 | $72,700 |
| 7 Persons | $40,120 | $48,550 | $77,700 |
| 8 Persons | $44,660 | $51,700 | $82,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Hardwick, VT?+
The Fair Market Rent (FMR) for Caledonia County, VT is: $899 (Studio), $922 (1BR), $1068 (2BR), $1390 (3BR), $1657 (4BR). Actual rent at subsidized properties like Cherry Street Housing is typically 30% of household income or less.
What size apartments are available at Cherry Street Housing?+
Cherry Street Housing offers the following unit types: 2 Two-Bedroom, 6 Three-Bedroom units, for a total of 8 units.
Who is eligible to live at Cherry Street Housing?+
Cherry Street Housing primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Cherry Street Housing?+
Cherry Street Housing is managed by . You can reach them at . Visit their website for more information.
What is the HUD inspection score for Cherry Street Housing?+
Cherry Street Housing has a HUD inspection score of 96 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
What is the price range for apartments in Hardwick, VT?+
Based on Fair Market Rent for Caledonia County, the estimated price range is: 2-bedroom: $1068, 3-bedroom: $1390. Actual rent at Cherry Street Housing may be lower for income-eligible households.
How do I apply for housing at Cherry Street Housing?+
Cherry Street Housing 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.
What are the income limits for affordable housing in Caledonia County, VT?+
For a 4-person household in Caledonia County, VT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,150, Low Income (80% AMI): $62,650. These limits are set by HUD and updated annually.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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