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Affordable Housing In Grand Isle County
Vermont

4 Low Income Apartment Communities In Grand Isle County

Alburg Family Housing

Main St
Alburg, Vermont
Subsidized

Pine Manor

6 Lake St
Alburg, Vermont
Subsidized

Round Barn Apartments

29 Faywood Rd
Grand Isle, Vermont
Subsidized

Island Housing

25 Hyde Rd
Grand Isle, Vermont
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Housing Authorities that serve Grand Isle County

Housing Authority Programs
Vermont State Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Grand Isle County, Vermont

There are 4 low income housing apartment communities offering 69 affordable apartments for rent in Grand Isle County, Vermont.

Income Based Apartments in Grand Isle County, Vermont

Grand Isle County features 53 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Grand Isle County, Vermont

There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Grand Isle County.

Housing Choice Vouchers in Grand Isle County, Vermont

On average, Section 8 Housing Choice vouchers pay Grand Isle County landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Grand Isle County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Grand Isle County, Vermont for a two-bedroom apartment is between $1,465 and $1,791.

2021 Grand Isle County, Vermont Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Grand Isle County, Vermont Fair Market Rent $1,091 $1,265 $1,628 $2,025 $2,208
Grand Isle County, Vermont Payment Standard Range $982 to $1,200 $1,139 to $1,392 $1,465 to $1,791 $1,823 to $2,228 $1,987 to $2,429

Sourced from federal housing data and AffordableHousingOnline.com research.

Grand Isle County, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 69
Total Housing Units with Rental Assistance 53
Percentage of Housing Units Occupied By Renters 20.61%
Average Renter Household Size 2.28
Average Household Size 2.34
Median Household Income $62,608 ±$2,549
Median Rent $1,039 ±$108
Percentage Of Renters Overburdened 51.06% ± 11.11pp
Total Population 6,952

Population and Household Demographics

Grand Isle County is a county in Vermont with a population of 6,952. There are 2,965 households in the county with an average household size of 2.34 persons. 20.61% of households in Grand Isle County are renters.

Income and Rent Overburden in Grand Isle County

The median gross income for households in Grand Isle County is $62,608 a year, or $5,217 a month. The median rent for the county is $1,039 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Grand Isle County, a household making less than $3,463 a month would be considered overburdened when renting an apartment at or above the median rent. 51.06% of households who rent are overburdened in Grand Isle County.

Area Median Income In Grand Isle County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Grand Isle County, HUD calculates the Area Median Income for a family of four as $95,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Grand Isle County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Grand Isle County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Grand Isle County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$20,150 $23,000 $25,900 $28,750 $31,050 $35,580 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Grand Isle County AMI may qualify for rental assistance programs that target Very Low Income households.
$33,600 $38,400 $43,200 $47,950 $51,800 $55,650 $59,500 $63,300
80% AMI Income Limits
Renters earning up to 80% of the Grand Isle County AMI may qualify for rental assistance programs that target Low Income households.
$53,700 $61,400 $69,050 $76,700 $82,850 $89,000 $95,150 $101,250

Cities In Grand Isle County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Alburg The HUD funded Public Housing Agency that serves Alburg is the Vermont State Housing Authority.
Grand Isle The HUD funded Public Housing Agency that serves Grand Isle is the Vermont State Housing Authority.
Isle La Motte The HUD funded Public Housing Agency that serves Isle La Motte is the Vermont State Housing Authority.
North Hero The HUD funded Public Housing Agency that serves North Hero is the Vermont State Housing Authority.
South Hero The HUD funded Public Housing Agency that serves South Hero is the Vermont State Housing Authority.