About This Property
Newport Family Housing offers 21 low-income units in Newport, Vermont, comprising six one-bedroom, ten two-bedroom, and five three-bedroom apartments. The property was placed in service in 2012 and is non-profit owned, serving families through a combination of HOME and CDBG funding with 9% Low-Income Housing Tax Credits. This development provides affordable rental housing options for families in Orleans County.
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 Newport Family Housing is typically 30% of household income or less.
What size apartments are available at Newport Family Housing?+
Newport Family Housing offers the following unit types: 6 One-Bedroom, 10 Two-Bedroom, 5 Three-Bedroom units, for a total of 21 units.
Who is eligible to live at Newport Family Housing?+
Newport Family Housing primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Newport Family Housing?+
Newport 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.
Who manages Newport Family Housing?+
Newport Family Housing is managed by . You can reach them at . Visit their website for more information.
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 Newport Family Housing may be lower for income-eligible households.
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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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