About This Property
The Stimson & Graves Building contains 14 low-income units in Waterbury, Vermont, serving families with a mix of 12 one-bedroom and 2 two-bedroom apartments. Placed in service in 1993, the property receives 9% Low-Income Housing Tax Credit financing and operates under non-profit ownership.
Property Details
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 Waterbury, 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 Stimson & Graves Building is typically 30% of household income or less.
What size apartments are available at Stimson & Graves Building?+
Stimson & Graves Building offers the following unit types: 12 One-Bedroom, 2 Two-Bedroom units, for a total of 14 units.
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.
How do I apply for housing at Stimson & Graves Building?+
Stimson & Graves Building 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.
Who manages Stimson & Graves Building?+
Stimson & Graves Building is managed by . You can reach them at .
What is the price range for apartments in Waterbury, VT?+
Based on Fair Market Rent for Washington County, the estimated price range is: 1-bedroom: $1106, 2-bedroom: $1453. Actual rent at Stimson & Graves Building may be lower for income-eligible households.
Who is eligible to live at Stimson & Graves Building?+
Stimson & Graves Building primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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