About This Property
Lakeview Housing offers 16 low-income units in Newport, Vermont, serving families with a mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments. The property has been in service since 1998 and is owned by a non-profit organization. Financing includes tax-exempt bonds and 4% Low-Income Housing Tax Credits.
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 Newport, 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 Lakeview Housing is typically 30% of household income or less.
What size apartments are available at Lakeview Housing?+
Lakeview Housing offers the following unit types: 2 Studio, 9 One-Bedroom, 2 Two-Bedroom, 3 Three-Bedroom units, for a total of 16 units.
Who is eligible to live at Lakeview Housing?+
Lakeview Housing primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Newport, VT?+
Based on Fair Market Rent for Orleans County, the estimated price range is: 1-bedroom: $963, 2-bedroom: $1081, 3-bedroom: $1401. Actual rent at Lakeview Housing may be lower for income-eligible households.
How do I apply for housing at Lakeview Housing?+
Lakeview 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 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 manages Lakeview Housing?+
Lakeview Housing is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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