About This Property
This 42-unit affordable housing community in Colchester serves families with 32 low-income units that have been in service since 1998. The property offers a mix of one, two, and three-bedroom units, with 18 one-bedroom, 18 two-bedroom, and 6 three-bedroom apartments. A non-profit organization owns and operates this development, which was financed through tax-exempt bonds.
Property Details
Fair Market Rent - Chittenden 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 | $1,341 |
| 1 Bedroom | $1,441 |
| 2 Bedroom | $1,887 |
| 3 Bedroom | $2,390 |
| 4 Bedroom | $2,513 |
Income Limits - Chittenden County, VT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,150
- Very Low (50%)
- $33,600
- Low (80%)
- $53,700
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,400
- Low (80%)
- $61,400
- Extremely Low (30%)
- $25,900
- Very Low (50%)
- $43,200
- Low (80%)
- $69,050
- Extremely Low (30%)
- $28,750
- Very Low (50%)
- $47,950
- Low (80%)
- $76,700
- Extremely Low (30%)
- $31,050
- Very Low (50%)
- $51,800
- Low (80%)
- $82,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,650
- Low (80%)
- $89,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,500
- Low (80%)
- $95,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,300
- Low (80%)
- $101,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,150 | $33,600 | $53,700 |
| 2 Persons | $23,000 | $38,400 | $61,400 |
| 3 Persons | $25,900 | $43,200 | $69,050 |
| 4 Persons | $28,750 | $47,950 | $76,700 |
| 5 Persons | $31,050 | $51,800 | $82,850 |
| 6 Persons | $35,580 | $55,650 | $89,000 |
| 7 Persons | $40,120 | $59,500 | $95,150 |
| 8 Persons | $44,660 | $63,300 | $101,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Colchester, VT?+
The Fair Market Rent (FMR) for Chittenden County, VT is: $1341 (Studio), $1441 (1BR), $1887 (2BR), $2390 (3BR), $2513 (4BR). Actual rent at subsidized properties like 1306 Ethan Allen / E Spring St is typically 30% of household income or less.
What size apartments are available at 1306 Ethan Allen / E Spring St?+
1306 Ethan Allen / E Spring St offers the following unit types: 18 One-Bedroom, 18 Two-Bedroom, 6 Three-Bedroom units, for a total of 42 units.
What are the income limits for affordable housing in Chittenden County, VT?+
For a 4-person household in Chittenden County, VT, the income limits are: Extremely Low Income (30% AMI): $28,750, Very Low Income (50% AMI): $47,950, Low Income (80% AMI): $76,700. These limits are set by HUD and updated annually.
What is the price range for apartments in Colchester, VT?+
Based on Fair Market Rent for Chittenden County, the estimated price range is: 1-bedroom: $1441, 2-bedroom: $1887, 3-bedroom: $2390. Actual rent at 1306 Ethan Allen / E Spring St may be lower for income-eligible households.
Who is eligible to live at 1306 Ethan Allen / E Spring St?+
1306 Ethan Allen / E Spring St primarily serves families. 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 1306 Ethan Allen / E Spring St?+
1306 Ethan Allen / E Spring St is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 1306 Ethan Allen / E Spring St?+
1306 Ethan Allen / E Spring St is managed by . You can reach them at .
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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