About This Property
Hickory Street - Phase III offers 22 units of affordable housing in Rutland, Vermont, with 21 designated as low-income units. The property includes a mix of one-, two-, and three-bedroom apartments—10 one-bedroom, 10 two-bedroom, and 2 three-bedroom units—and has been in service since 2017. This non-profit owned property serves families and individuals experiencing homelessness, and is financed through 9% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Rutland Housing Authority
Application involves downloading and printing online, requesting by mail (802-775-2926), or picking up in-person at 2 Tremont St, Rutland, VT 05701; completed forms must be mailed or hand delivered to 5 Tremont Street, Rutland, VT 05701. Preferences include elderly, disabled, living/working in Vermont, employed, or victim of domestic violence.
Eligibility is determined by household income (30-80% of median income for Rutland County), citizenship/immigration status, and local preferences. Disqualification can occur for criminal activity, owing debt to a HUD-subsidized program, or adverse tenancy history.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
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 Rutland, 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 Hickory Street - Phase Iii is typically 30% of household income or less.
What size apartments are available at Hickory Street - Phase Iii?+
Hickory Street - Phase Iii offers the following unit types: 10 One-Bedroom, 10 Two-Bedroom, 2 Three-Bedroom units, for a total of 22 units.
Who is eligible to live at Hickory Street - Phase Iii?+
Hickory Street - Phase Iii primarily serves families, formerly homeless individuals. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Hickory Street - Phase Iii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Hickory Street - Phase Iii?+
Hickory Street - Phase Iii is managed by . You can reach them at .
What is the price range for apartments in Rutland, 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 Hickory Street - Phase Iii may be lower for income-eligible households.
How do I apply for housing at Hickory Street - Phase Iii?+
Hickory Street - Phase Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Hickory Street - Phase Iii
Rutland Housing Authority
Rutland, VT
308 UnitsLinden Terrace
Rutland, VT
22 UnitsHickory Street - Phase Iii
Rutland, VT
22 UnitsRutland Rehab Ii
Rutland, VT
31 UnitsMaples Ii
Rutland, VT
32 Units64 School Street
Rutland, VT
10 Units