Affordable Housing In Grand Isle County
4 Low Income Apartment Communities In Grand Isle County
Housing Authorities that serve Grand Isle County
|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|
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.
|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.
|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.
Cities In Grand Isle County
Select A City to View its Apartment Communities and Waiting Lists.
|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.|