About This Property
Pines Phase IV comprises 60 apartments in South Burlington, Vermont, with 17 units designated as low-income housing. The property, which opened in 1998, includes 37 one-bedroom and 23 two-bedroom units and serves elderly residents. The development is financed through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Chittenden 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 | $1,341 |
| 1 Bedroom | $1,441 |
| 2 Bedroom | $1,887 |
| 3 Bedroom | $2,390 |
| 4 Bedroom | $2,513 |
Income Limits - Chittenden County, VT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,150
- Very Low (50%)
- $33,600
- Low (80%)
- $53,700
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,400
- Low (80%)
- $61,400
- Extremely Low (30%)
- $25,900
- Very Low (50%)
- $43,200
- Low (80%)
- $69,050
- Extremely Low (30%)
- $28,750
- Very Low (50%)
- $47,950
- Low (80%)
- $76,700
- Extremely Low (30%)
- $31,050
- Very Low (50%)
- $51,800
- Low (80%)
- $82,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,650
- Low (80%)
- $89,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,500
- Low (80%)
- $95,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,300
- Low (80%)
- $101,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,150 | $33,600 | $53,700 |
| 2 Persons | $23,000 | $38,400 | $61,400 |
| 3 Persons | $25,900 | $43,200 | $69,050 |
| 4 Persons | $28,750 | $47,950 | $76,700 |
| 5 Persons | $31,050 | $51,800 | $82,850 |
| 6 Persons | $35,580 | $55,650 | $89,000 |
| 7 Persons | $40,120 | $59,500 | $95,150 |
| 8 Persons | $44,660 | $63,300 | $101,250 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in South Burlington, VT?+
The Fair Market Rent (FMR) for Chittenden County, VT is: $1341 (Studio), $1441 (1BR), $1887 (2BR), $2390 (3BR), $2513 (4BR). Actual rent at subsidized properties like Pines Phase Iv is typically 30% of household income or less.
What size apartments are available at Pines Phase Iv?+
Pines Phase Iv offers the following unit types: 37 One-Bedroom, 23 Two-Bedroom units, for a total of 60 units.
What is the price range for apartments in South Burlington, VT?+
Based on Fair Market Rent for Chittenden County, the estimated price range is: 1-bedroom: $1441, 2-bedroom: $1887. Actual rent at Pines Phase Iv may be lower for income-eligible households.
Who is eligible to live at Pines Phase Iv?+
Pines Phase Iv 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 Pines Phase Iv?+
Pines Phase Iv 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 Chittenden County, VT?+
For a 4-person household in Chittenden County, VT, the income limits are: Extremely Low Income (30% AMI): $28,750, Very Low Income (50% AMI): $47,950, Low Income (80% AMI): $76,700. These limits are set by HUD and updated annually.
Who manages Pines Phase Iv?+
Pines Phase Iv is managed by . You can reach them at .
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Pines Phase Iv
Queensbury Road Housing
South Burlington, VT
18 UnitsPines Phase Iii
South Burlington, VT
39 UnitsO'Dell Bond
South Burlington, VT
80 UnitsAnderson Ii Bond
South Burlington, VT
6 UnitsGrand Way Commons Ii
South Burlington, VT
28 UnitsPines Phase I
South Burlington, VT
53 Units