About This Property
Newport Place offers 24 one-bedroom apartments in Newport, Vermont, serving elderly residents with low-income housing. The property has been in service since 1993 and is financed through 4% Low-Income Housing Tax Credits. All 24 units serve households with low incomes.
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 Place - Elderly is typically 30% of household income or less.
What size apartments are available at Newport Place - Elderly?+
Newport Place - Elderly offers the following unit types: 24 One-Bedroom units, for a total of 24 units.
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 Newport Place - Elderly?+
Newport Place - Elderly is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Newport Place - Elderly?+
Newport Place - Elderly primarily serves elderly residents. 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 Place - Elderly?+
Newport Place - Elderly 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 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. Actual rent at Newport Place - Elderly may be lower for income-eligible households.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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