About This Property
Mcknight Lane contains 14 low-income rental units in Waltham, Vermont, serving families through a mix of twelve 2-bedroom and two 3-bedroom apartments. The property has been in service since 2016 and is owned and operated by a non-profit organization. Funding for the development includes HOME and CDBG resources, with financing through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Addison 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 | $1,017 |
| 1 Bedroom | $1,062 |
| 2 Bedroom | $1,332 |
| 3 Bedroom | $1,741 |
| 4 Bedroom | $1,774 |
Income Limits - Addison County, VT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,600
- Very Low (50%)
- $29,300
- Low (80%)
- $46,900
- Extremely Low (30%)
- $20,100
- Very Low (50%)
- $33,500
- Low (80%)
- $53,600
- Extremely Low (30%)
- $22,600
- Very Low (50%)
- $37,700
- Low (80%)
- $60,300
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,850
- Low (80%)
- $66,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $45,200
- Low (80%)
- $72,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $48,550
- Low (80%)
- $77,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,900
- Low (80%)
- $83,050
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $55,250
- Low (80%)
- $88,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,600 | $29,300 | $46,900 |
| 2 Persons | $20,100 | $33,500 | $53,600 |
| 3 Persons | $22,600 | $37,700 | $60,300 |
| 4 Persons | $26,500 | $41,850 | $66,950 |
| 5 Persons | $31,040 | $45,200 | $72,350 |
| 6 Persons | $35,580 | $48,550 | $77,700 |
| 7 Persons | $40,120 | $51,900 | $83,050 |
| 8 Persons | $44,660 | $55,250 | $88,400 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waltham, VT?+
The Fair Market Rent (FMR) for Addison County, VT is: $1017 (Studio), $1062 (1BR), $1332 (2BR), $1741 (3BR), $1774 (4BR). Actual rent at subsidized properties like Mcknight Lane is typically 30% of household income or less.
What size apartments are available at Mcknight Lane?+
Mcknight Lane offers the following unit types: 12 Two-Bedroom, 2 Three-Bedroom units, for a total of 14 units.
Who manages Mcknight Lane?+
Mcknight Lane is managed by . You can reach them at .
What is the price range for apartments in Waltham, VT?+
Based on Fair Market Rent for Addison County, the estimated price range is: 2-bedroom: $1332, 3-bedroom: $1741. Actual rent at Mcknight Lane may be lower for income-eligible households.
How do I apply for housing at Mcknight Lane?+
Mcknight Lane 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 Addison County, VT?+
For a 4-person household in Addison County, VT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,850, Low Income (80% AMI): $66,950. These limits are set by HUD and updated annually.
Who is eligible to live at Mcknight Lane?+
Mcknight Lane primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
More Affordable Housing Near Mcknight Lane
North Pleasant Street
Middlebury, VT
22 UnitsValley View Ii Apts
Vergennes, VT
12 UnitsVergennes Senior - Armory Lane
Vergennes, VT
25 UnitsCreekview Housing
Vergennes, VT
36 UnitsNorth Pleasant/Seymour
Middlebury, VT
24 UnitsNorth Pleasant Seymour
Middlebury, VT
24 Units