About This Property
Rail City Family Housing comprises 31 units in St. Albans, VT, with 28 units designated as low-income housing for families. The property, placed in service in 2014, offers a mix of studio through 4-bedroom apartments, including 10 two-bedroom and 14 three-bedroom units. The non-profit owned development is funded through HOME, CDBG, and tax-exempt bonds, with financing supported by 4% LIHTC credits.
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 St Albans, 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 Rail City Family Housing is typically 30% of household income or less.
What size apartments are available at Rail City Family Housing?+
Rail City Family Housing offers the following unit types: 1 Studio, 4 One-Bedroom, 10 Two-Bedroom, 14 Three-Bedroom, 2 Four-Bedroom units, for a total of 31 units.
What is the price range for apartments in St Albans, 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 Rail City Family Housing may be lower for income-eligible households.
Who is eligible to live at Rail City Family Housing?+
Rail City Family Housing primarily serves families. 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 Rail City Family Housing?+
Rail City Family Housing is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Rail City Family Housing?+
Rail City Family 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.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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