Low Income Apartments In Ludlow
Windsor County, Vermont

Low Income Apartments In Ludlow

Black River Overlook

140 Rublee Ln
Ludlow, VT
Income Based
1-3 BR
HCV Welcome

Gill Terrace Retirement Apartments II

7 Gill Ter
Ludlow, VT
62+
Accessible
Elderly Supportive Housing
Subsidized

Vermont

Dug Rd
Ludlow, VT
HCV Welcome
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There are 3 low income housing apartment complexes which contain 86 affordable apartments for rent in Ludlow, Vermont. Many of these rental apartments are income based housing with about 36 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in Ludlow. There are 50 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

Housing Authorities that serve Ludlow

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

Guide To Affordable Housing in Ludlow, Vermont

Ludlow, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 86
Total Rent Assisted Apartments 36
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Total Population 0
Housing Units 0
Average Household Size 0.00
Median Household Income $0 ±$0
Median Rent $0 ±$0

Population and Household Demographics

Ludlow is a City in Windsor County, Vermont with a population of 0. There are 0 households in the city with an average household size of 0.00 persons. % of households in Ludlow are renters.

Income and Rent Overburden in Ludlow

The median gross income for households in Ludlow is $0 a year, or $0 a month. The median rent for the city is $0 a month.

Area Median Income In Ludlow

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Ludlow, the AMI is calculated from all households within Windsor County.

In Ludlow, HUD calculates the Area Median Income for a family of four as $76,100

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 Ludlow

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 Ludlow HUD Rental Assistance in Ludlow

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $16,000 $18,300 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $26,650 $30,450 $34,250 $38,050 $41,100 $44,150 $47,200 $50,250
80% of Median $42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
Low Income Housing Tax Credits in Ludlow

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 1997, 1 low income apartment communities containing 25 rental apartments have been constructed and made affordable to low income persons in Ludlow by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Ludlow

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
60% of Median $31,980 $36,540 $41,100 $45,660 $49,320 $52,980 $56,640 $60,300

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Ludlow is $41,100 a year, or $3,425 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,425 by 30% to get a maximum rent of $1,028 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $666 $714 $856 $989 $1,104 $1,218
60% $800 $857 $1,028 $1,187 $1,325 $1,462
Fair Market Rents in Ludlow

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2019 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$684 $810 $988 $1,363 $1,559