About This Property
Park Village I offers 39 units of affordable housing in Brandon, Vermont, including 26 low-income units placed in service in 2000. The property serves families and elderly residents with a unit mix of 27 one-bedroom, 8 two-bedroom, and 4 three-bedroom apartments. The development utilizes 4% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Rutland 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 | $991 |
| 1 Bedroom | $997 |
| 2 Bedroom | $1,224 |
| 3 Bedroom | $1,561 |
| 4 Bedroom | $2,004 |
Income Limits - Rutland 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 Brandon, VT?+
The Fair Market Rent (FMR) for Rutland County, VT is: $991 (Studio), $997 (1BR), $1224 (2BR), $1561 (3BR), $2004 (4BR). Actual rent at subsidized properties like Park Village I is typically 30% of household income or less.
What size apartments are available at Park Village I?+
Park Village I offers the following unit types: 27 One-Bedroom, 8 Two-Bedroom, 4 Three-Bedroom units, for a total of 39 units.
Who manages Park Village I?+
Park Village I is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Brandon, VT?+
Based on Fair Market Rent for Rutland County, the estimated price range is: 1-bedroom: $997, 2-bedroom: $1224, 3-bedroom: $1561. Actual rent at Park Village I may be lower for income-eligible households.
Who is eligible to live at Park Village I?+
Park Village I primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Rutland County, VT?+
For a 4-person household in Rutland 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.
How do I apply for housing at Park Village I?+
Park Village I 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.
Contact Information
Walk Score
Almost All Errands Require a Car