About This Property
Mad River Meadows provides 24 affordable units in Waitsfield serving families and elderly residents. The property includes ten 1-bedroom, eight 2-bedroom, and six 3-bedroom apartments and has been in service since 2005. A non-profit organization owns and operates this community, which receives funding through tax-exempt bonds and 4% LIHTC credits.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
Fair Market Rent - Washington 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 | $985 |
| 1 Bedroom | $1,106 |
| 2 Bedroom | $1,453 |
| 3 Bedroom | $1,832 |
| 4 Bedroom | $1,975 |
Income Limits - Washington County, VT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,300
- Very Low (50%)
- $28,800
- Low (80%)
- $46,050
- Extremely Low (30%)
- $19,750
- Very Low (50%)
- $32,900
- Low (80%)
- $52,600
- Extremely Low (30%)
- $22,200
- Very Low (50%)
- $37,000
- Low (80%)
- $59,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,100
- Low (80%)
- $65,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,400
- Low (80%)
- $71,050
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,700
- Low (80%)
- $76,300
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,000
- Low (80%)
- $81,550
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,300
- Low (80%)
- $86,800
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,300 | $28,800 | $46,050 |
| 2 Persons | $19,750 | $32,900 | $52,600 |
| 3 Persons | $22,200 | $37,000 | $59,200 |
| 4 Persons | $26,500 | $41,100 | $65,750 |
| 5 Persons | $31,040 | $44,400 | $71,050 |
| 6 Persons | $35,580 | $47,700 | $76,300 |
| 7 Persons | $40,120 | $51,000 | $81,550 |
| 8 Persons | $44,660 | $54,300 | $86,800 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Waitsfield, VT?+
The Fair Market Rent (FMR) for Washington County, VT is: $985 (Studio), $1106 (1BR), $1453 (2BR), $1832 (3BR), $1975 (4BR). Actual rent at subsidized properties like Mad River Meadows is typically 30% of household income or less.
What size apartments are available at Mad River Meadows?+
Mad River Meadows offers the following unit types: 10 One-Bedroom, 8 Two-Bedroom, 6 Three-Bedroom units, for a total of 24 units.
Who is eligible to live at Mad River Meadows?+
Mad River Meadows primarily serves families, 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 Mad River Meadows?+
Mad River Meadows 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 is the price range for apartments in Waitsfield, VT?+
Based on Fair Market Rent for Washington County, the estimated price range is: 1-bedroom: $1106, 2-bedroom: $1453, 3-bedroom: $1832. Actual rent at Mad River Meadows may be lower for income-eligible households.
What is the HUD inspection score for Mad River Meadows?+
Mad River Meadows has a HUD inspection score of 71 out of 100, which is considered adequate. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Mad River Meadows?+
Mad River Meadows is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Washington County, VT?+
For a 4-person household in Washington County, VT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,100, Low Income (80% AMI): $65,750. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.