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Lane Shops Apartments

14 N Franklin St, Montpelier, Vermont 05602

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Lane Shops Apartments Details

  • 50 bedroom units.
  • Section 8 Project-Based Rental Assistance

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.

Montpelier HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Montpelier but actual income limits may differ for units at Lane Shops Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $16,900 $19,300 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $28,150 $32,150 $36,150 $40,150 $43,400 $46,600 $49,800 $53,000
80% $45,000 $51,400 $57,850 $64,250 $69,400 $74,550 $79,700 $84,850

These general income qualifications for Montpelier, Vermont should only be used as a basic guide. To find out if you qualify, contact the community directly.

You can usually make up to 80% of the Area Median Income (AMI) to be eligible for a HUD-Assisted Housing unit, but income qualification tiers for this community may be different due to various policies.

Lane Shops Apartments receives rental subsidies through HUD-Assisted Housing for some or all of its apartments. Some units may be designated as market rate housing. Market rate units would have no subsidies or income restrictions.

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