About This Property
Wells River Downtown offers 22 units in Wells River, Vermont, with 17 designated as low-income housing. The property includes a mix of one-, two-, and three-bedroom units designed to serve families and has been in service since 1998. This non-profit owned property receives funding through the HOME program.
Property Details
Fair Market Rent - Orange 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 | $976 |
| 1 Bedroom | $1,003 |
| 2 Bedroom | $1,244 |
| 3 Bedroom | $1,601 |
| 4 Bedroom | $1,671 |
Income Limits - Orange 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 Wells River, VT?+
The Fair Market Rent (FMR) for Orange County, VT is: $976 (Studio), $1003 (1BR), $1244 (2BR), $1601 (3BR), $1671 (4BR). Actual rent at subsidized properties like Wells River Downtown is typically 30% of household income or less.
What size apartments are available at Wells River Downtown?+
Wells River Downtown offers the following unit types: 6 One-Bedroom, 12 Two-Bedroom, 4 Three-Bedroom units, for a total of 22 units.
What is the price range for apartments in Wells River, VT?+
Based on Fair Market Rent for Orange County, the estimated price range is: 1-bedroom: $1003, 2-bedroom: $1244, 3-bedroom: $1601. Actual rent at Wells River Downtown may be lower for income-eligible households.
Who manages Wells River Downtown?+
Wells River Downtown is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Wells River Downtown?+
Wells River Downtown 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.
What are the income limits for affordable housing in Orange County, VT?+
For a 4-person household in Orange 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.
Who is eligible to live at Wells River Downtown?+
Wells River Downtown primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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