About This Property
Portland & Main offers 8 low-income residential units in Morrisville designed to serve families, with a mix of 2 studios and 6 one-bedroom apartments. The property has been in service since 2000 and is owned and managed by a nonprofit organization with support from tax-exempt bond financing and 4% Low-Income Housing Tax Credits. This affordable housing development provides stable rental options for low-income households in Lamoille County.
Property Details
Fair Market Rent - Lamoille 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 | $913 |
| 1 Bedroom | $983 |
| 2 Bedroom | $1,291 |
| 3 Bedroom | $1,713 |
| 4 Bedroom | $1,719 |
Income Limits - Lamoille 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 Morrisville, VT?+
The Fair Market Rent (FMR) for Lamoille County, VT is: $913 (Studio), $983 (1BR), $1291 (2BR), $1713 (3BR), $1719 (4BR). Actual rent at subsidized properties like Portland & Main is typically 30% of household income or less.
What size apartments are available at Portland & Main?+
Portland & Main offers the following unit types: 2 Studio, 6 One-Bedroom units, for a total of 8 units.
How do I apply for housing at Portland & Main?+
Portland & Main 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.
Who is eligible to live at Portland & Main?+
Portland & Main 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 Lamoille County, VT?+
For a 4-person household in Lamoille 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 Portland & Main?+
Portland & Main is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Morrisville, VT?+
Based on Fair Market Rent for Lamoille County, the estimated price range is: 1-bedroom: $983. Actual rent at Portland & Main may be lower for income-eligible households.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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