About This Property
Derby Housing LP contains 9 low-income rental units in Derby Line, Vermont, consisting of four 1-bedroom and five 2-bedroom apartments that serve families. The property was placed in service in 1993 and operates under a 9% Low-Income Housing Tax Credit (LIHTC) program. This non-profit-owned community serves Orleans County residents seeking affordable housing options.
Property Details
Fair Market Rent - Orleans 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 | $831 |
| 1 Bedroom | $963 |
| 2 Bedroom | $1,081 |
| 3 Bedroom | $1,401 |
| 4 Bedroom | $1,524 |
Income Limits - Orleans 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 Derby Line, VT?+
The Fair Market Rent (FMR) for Orleans County, VT is: $831 (Studio), $963 (1BR), $1081 (2BR), $1401 (3BR), $1524 (4BR). Actual rent at subsidized properties like Derby Housing Lp is typically 30% of household income or less.
What size apartments are available at Derby Housing Lp?+
Derby Housing Lp offers the following unit types: 4 One-Bedroom, 5 Two-Bedroom units, for a total of 9 units.
What is the price range for apartments in Derby Line, VT?+
Based on Fair Market Rent for Orleans County, the estimated price range is: 1-bedroom: $963, 2-bedroom: $1081. Actual rent at Derby Housing Lp may be lower for income-eligible households.
How do I apply for housing at Derby Housing Lp?+
Derby Housing Lp 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 manages Derby Housing Lp?+
Derby Housing Lp is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Orleans County, VT?+
For a 4-person household in Orleans 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 is eligible to live at Derby Housing Lp?+
Derby Housing Lp primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
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