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Elm Place Apartments

60 Bombardier Rd, Milton, Vermont 05468

Elm Place, located in the heart of Milton, opened in March 2017 and features 30 affordable, 1 bedroom apartments for seniors. Two apartments are fully ADA accessible, and all apartments are adaptable. 

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Income Based

Elm Place Apartments Details

  • 30 one bedroom units.
  • Water and Sewer utilities included in rent
  • Electricity utility included in rent
  • Heat utility included in rent
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • 24hr Emergency Maintenance
  • Covered Parking
  • On-Site Parking
  • Secured Entry
  • Walking Trails
  • Smoke Free

Unit Amenities

  • Central Air
  • Water Trash and Sewer Included

Nearby Amenities

  • Close to Shopping
  • Near Church

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Section 8 Project-Based Rental Assistance tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Elm Place Apartments is managed by Cathedral Square Corporation.

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Image of Elm Place Apartments
Image of Elm Place Apartments