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. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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% $17,300 $19,750 $22,200 $26,500 $31,040 $35,580 $40,120 $44,660
50% $28,800 $32,900 $37,000 $41,100 $44,400 $47,700 $51,000 $54,300
80% $46,050 $52,600 $59,200 $65,750 $71,050 $76,300 $81,550 $86,800

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