Affordable Housing In Montpelier
Washington County, Vermont

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There are 15 low income housing apartment complexes which contain 407 affordable apartments for rent in Montpelier, Vermont. Many of these rental apartments are income based housing with about 190 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 80 Project-Based Section 8 subsidized apartments in Montpelier. There are 280 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

The HUD funded Public Housing Agency that serves Montpelier is the Montpelier Housing Authority.

Affordable Apartments in Montpelier

14 N Franklin St
Montpelier, Vermont
Lane Shops Apartments is a 50 unit low income housing apartment community in Montpelier.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Project Based Rental Assistance
21 Cummings St
Montpelier, Vermont
Cummings Street Family Housing is a 20 unit low income housing apartment community in Montpelier.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8 Low Income Housing Tax Credit Project Based Rental Assistance Accepts Housing Choice Vouchers
7 St Paul St
Montpelier, Vermont
Seven Saint Paul Street is a 7 unit low income housing apartment community in Montpelier.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 202 Supportive Housing for the Elderly Project Based Rental Assistance Senior (62+) Accessible Units
1 Mechanic St
Montpelier, Vermont
Lane Shops is a 40 unit low income housing apartment community in Montpelier.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Montpelier.
Low Income Housing Tax Credit Accepts Housing Choice Vouchers
221 Barre St
Montpelier, Vermont
River Station Apartments is a 36 unit low income housing apartment community in Montpelier.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Montpelier.
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Housing Authorities that serve Montpelier

The Montpelier Housing Authority is a Section 8 and Public Housing public housing agency in Montpelier, Vermont.

Other Housing Authorities located in Montpelier

The Vermont State Housing Authority is a Section 8 public housing agency in Montpelier, Vermont.

Understanding Affordable Housing in Montpelier, Vermont

Montpelier, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 15
Total Low Income Apartments 407
Total Rent Assisted Apartments 190
Percentage of Housing Units Occupied By Renters 43.5%
Average Renter Household Size 1.98
Total Population 7,712
Housing Units 3,510
Average Household Size 2.19
Median Household Income $61,588 ±$4,837
Median Rent $892 ±$36
Percentage Of Renters Overburdened 41.26% ± 7.79pp

Population and Household Demographics

Montpelier is a City in Washington County, Vermont with a population of 7,712. There are 3,510 households in the city with an average household size of 2.19 persons. 43.5% of households in Montpelier are renters.

Income and Rent Overburden in Montpelier

The median gross income for households in Montpelier is $61,588 a year, or $5,132 a month. The median rent for the city is $892 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montpelier, a household making less than $2,973 a month would be considered overburdened when renting an apartment at or above the median rent. 41.26% of households who rent are overburdened in Montpelier.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 7.79 percentage points.

Area Median Income In Montpelier

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 Montpelier, the AMI is calculated from all households within Washington County.

In Montpelier, HUD calculates the Area Median Income for a family of four as $73,900

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 Montpelier

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.

Montpelier HUD Rental Assistance Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,550 $17,750 $20,420 $24,600 $28,780 $32,960 $37,140 $41,320
50% $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
80% $41,400 $47,300 $53,200 $59,100 $63,850 $68,600 $73,300 $78,050

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Montpelier

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

From 1991 to 2012, 9 low income apartment communities containing 206 rental apartments have been constructed and made affordable to low income persons in Montpelier by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Montpelier by looking for the tag in the apartment list above. View Apartments.

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.

Montpelier Low Income Housing Tax Credit Income Limits

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
HERA 50% $26,400 $30,150 $33,900 $37,650 $40,700 $43,700 $46,700 $49,700
60% $31,080 $35,520 $39,960 $44,340 $47,940 $51,480 $55,020 $58,560
HERA 60% $31,680 $36,180 $40,680 $45,180 $48,840 $52,440 $56,040 $59,640

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 Montpelier is $39,960 a year, or $3,330 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,330 by 30% to get a maximum rent of $999 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 2 Bed 3 Bed 4 Bed 1 Bed 5 Bed
50% $648 $694 $833 $961 $1,073 $1,183
60% $777 $833 $999 $1,154 $1,287 $1,420
Fair Market Rents in Montpelier

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.

2017 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$776 $781 $1,033 $1,292 $1,569