About This Property
Lamoille View Redevelopment provides 25 low-income units in Morrisville, Vermont, with a unit mix of 23 one-bedroom and 2 two-bedroom apartments that serve elderly residents. The property, placed in service in 2013, is non-profit owned and operated with funding through HOME, CDBG, and tax-exempt bonds. This development utilizes 4% Low-Income Housing Tax Credits to support its affordable housing mission.
Property Details
Fair Market Rent - Lamoille 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 | $913 |
| 1 Bedroom | $983 |
| 2 Bedroom | $1,291 |
| 3 Bedroom | $1,713 |
| 4 Bedroom | $1,719 |
Income Limits - Lamoille 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Morrisville, VT?+
The Fair Market Rent (FMR) for Lamoille County, VT is: $913 (Studio), $983 (1BR), $1291 (2BR), $1713 (3BR), $1719 (4BR). Actual rent at subsidized properties like Lamoille View Redevelopment is typically 30% of household income or less.
What size apartments are available at Lamoille View Redevelopment?+
Lamoille View Redevelopment offers the following unit types: 23 One-Bedroom, 2 Two-Bedroom units, for a total of 25 units.
What are the income limits for affordable housing in Lamoille County, VT?+
For a 4-person household in Lamoille 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.
What is the price range for apartments in Morrisville, VT?+
Based on Fair Market Rent for Lamoille County, the estimated price range is: 1-bedroom: $983, 2-bedroom: $1291. Actual rent at Lamoille View Redevelopment may be lower for income-eligible households.
Who is eligible to live at Lamoille View Redevelopment?+
Lamoille View Redevelopment 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 Lamoille View Redevelopment?+
Lamoille View 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 manages Lamoille View Redevelopment?+
Lamoille View Redevelopment is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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