About This Property
Peacham Academy comprises four one-bedroom units designated for low-income elderly residents in Peacham, Vermont. The property has been in service since 1994 and is owned by a non-profit organization. All four units serve the local elderly population.
Property Details
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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Peacham, 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 Peacham Academy is typically 30% of household income or less.
What size apartments are available at Peacham Academy?+
Peacham Academy offers the following unit types: 4 One-Bedroom units, for a total of 4 units.
Who is eligible to live at Peacham Academy?+
Peacham Academy 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 Peacham Academy?+
Peacham Academy 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 is the price range for apartments in Peacham, VT?+
Based on Fair Market Rent for Caledonia County, the estimated price range is: 1-bedroom: $922. Actual rent at Peacham Academy may be lower for income-eligible households.
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.
Who manages Peacham Academy?+
Peacham Academy is managed by . You can reach them at . Visit their website for more information.