About This Property
Richford Community Housing offers 15 affordable rental units in Richford, Vermont, serving families, elderly residents, and individuals with disabilities. The property includes a mix of one- to four-bedroom apartments and has been in operation since 2003, financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. A non-profit organization owns and manages this affordable housing community.
Property Details
Fair Market Rent - Franklin 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 - Franklin 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Richford, VT?+
The Fair Market Rent (FMR) for Franklin County, VT is: $1341 (Studio), $1441 (1BR), $1887 (2BR), $2390 (3BR), $2513 (4BR). Actual rent at subsidized properties like Richford Community Housing is typically 30% of household income or less.
What size apartments are available at Richford Community Housing?+
Richford Community Housing offers the following unit types: 6 One-Bedroom, 5 Two-Bedroom, 2 Three-Bedroom, 2 Four-Bedroom units, for a total of 15 units.
Who is eligible to live at Richford Community Housing?+
Richford Community Housing primarily serves families, elderly residents, persons with disabilities. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Franklin County, VT?+
For a 4-person household in Franklin 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.
Who manages Richford Community Housing?+
Richford Community Housing is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Richford Community Housing?+
Richford Community 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 is the price range for apartments in Richford, VT?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $1441, 2-bedroom: $1887, 3-bedroom: $2390. Actual rent at Richford Community Housing may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.