About This Property
Adams House provides 13 one-bedroom units for elderly residents in Fair Haven, Vermont. The property, placed in service in 2016, is non-profit owned and funded through HOME, CDBG, and tax-exempt bonds. All units serve low-income households and operate under 4% Low-Income Housing Tax Credit.
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 Fair Haven, 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 Adams House is typically 30% of household income or less.
What size apartments are available at Adams House?+
Adams House offers the following unit types: 13 One-Bedroom units, for a total of 13 units.
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 Adams House?+
Adams House 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 Adams House?+
Adams House is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Adams House?+
Adams House primarily serves elderly residents. 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 Fair Haven, VT?+
Based on Fair Market Rent for Rutland County, the estimated price range is: 1-bedroom: $997. Actual rent at Adams House may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.