About This Property
Newport Senior Housing provides 13 one-bedroom units for elderly residents in Newport, Vermont. The property has served low-income seniors since 2009 and is owned and operated by a non-profit organization. Funding sources include HOME grants, CDBG funds, 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 Newport Senior Housing is typically 30% of household income or less.
What size apartments are available at Newport Senior Housing?+
Newport Senior Housing offers the following unit types: 13 One-Bedroom units, for a total of 13 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 Senior Housing?+
Newport Senior 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. Actual rent at Newport Senior Housing may be lower for income-eligible households.
Who is eligible to live at Newport Senior Housing?+
Newport Senior Housing 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 Senior Housing?+
Newport Senior 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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