About This Property
Missisquoi Manor Redevelopment contains 28 units serving elderly residents in Richford, Vermont, with 24 units designated as low-income housing and 4 market-rate units. The property includes 24 one-bedroom and 4 two-bedroom apartments and has been in service since 2010. The development receives funding through HOME grants and tax-exempt bonds, operates under 4% Low-Income Housing Tax Credits, and is owned and managed by a non-profit organization.
Property Details
Fair Market Rent - Franklin 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 - Franklin 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Richford, VT?+
The Fair Market Rent (FMR) for Franklin County, VT is: $1341 (Studio), $1441 (1BR), $1887 (2BR), $2390 (3BR), $2513 (4BR). Actual rent at subsidized properties like Missisquoi Manor Redevelopment is typically 30% of household income or less.
What size apartments are available at Missisquoi Manor Redevelopment?+
Missisquoi Manor Redevelopment offers the following unit types: 24 One-Bedroom, 4 Two-Bedroom units, for a total of 28 units.
How do I apply for housing at Missisquoi Manor Redevelopment?+
Missisquoi Manor Redevelopment 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 is eligible to live at Missisquoi Manor Redevelopment?+
Missisquoi Manor Redevelopment 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 Richford, VT?+
Based on Fair Market Rent for Franklin County, the estimated price range is: 1-bedroom: $1441, 2-bedroom: $1887. Actual rent at Missisquoi Manor Redevelopment may be lower for income-eligible households.
Who manages Missisquoi Manor Redevelopment?+
Missisquoi Manor Redevelopment is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Franklin County, VT?+
For a 4-person household in Franklin 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.
Walk Score
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.