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School Street Apartments

171 School St, Plainfield, Vermont 05667

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School Street Apartments Details

  • 13 bedroom units.
  • Section 8 Project-Based Rental Assistance
  • HOME Investment Partnerships Program

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.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Plainfield 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 Plainfield but actual income limits may differ for units at School Street 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