Affordable Housing In Readsboro
Bennington County, Vermont

Affordable Housing programs support 24 income based apartments in Readsboro where households pay rent based on how much they earn.

There are 0 affordable apartments in Readsboro that offer reduced rents to low-income households.

Waiting Lists in Readsboro, Vermont

There are two Section 8 Housing Choice Voucher waiting lists open in Readsboro.

  • is currently open for new Section 8 applications.
  • State of Vermont is currently open for new Section 8 applications.

Go to the Vermont Section 8 Waiting Lists page for more openings near Readsboro.

Readsboro Apartments

439 Tunnel St
Readsboro, Vermont
Income Based
1 BR
Rent Assisted
62+
Showing Results 1-10
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Affordable Housing Near Readsboro

View affordable apartments and waiting lists in cities near Readsboro

City Apartments
Affordable Housing In Arlington, VT Affordable Housing programs support 2 apartment communities in Arlington.
Affordable Housing In Bennington, VT Affordable Housing programs support 15 apartment communities in Bennington.
Affordable Housing In Dorset, VT Affordable Housing programs support 2 apartment communities in Dorset.
Affordable Housing In Manchester, VT Affordable Housing programs support 2 apartment communities in Manchester.
Affordable Housing In Manchester Center, VT Affordable Housing programs support 7 apartment communities in Manchester Center.
Affordable Housing In North Bennington, VT Affordable Housing programs support 2 apartment communities in North Bennington.
Affordable Housing In Shaftsbury, VT Affordable Housing programs support 1 apartment communities in Shaftsbury.

Public Housing Agencies Serving Readsboro, Vermont

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Vermont State Housing Authority Section 8 Housing Choice Voucher (HCV)
Go to the Vermont Public Housing and Low-Income Apartments Waiting Lists page for openings near Readsboro.

Readsboro, Vermont Affordable Housing Data

Income Based Apartments in Readsboro, Vermont

Readsboro features 24 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Readsboro, Vermont

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Readsboro.

Housing Choice Vouchers in Readsboro, Vermont

On average, Section 8 Housing Choice vouchers pay Readsboro landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Readsboro.

The maximum amount a voucher would pay on behalf of a low-income tenant in Readsboro, Vermont for a two-bedroom apartment is between $1,008 and $1,232.

2023 Readsboro, Vermont Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Readsboro, Vermont Fair Market Rent $849 $886 $1,120 $1,455 $1,578
Readsboro, Vermont Payment Standard Range $764 to $934 $797 to $975 $1,008 to $1,232 $1,310 to $1,601 $1,420 to $1,736

Sourced from federal housing data and AffordableHousingOnline.com research.

Readsboro, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 44.44%
Average Renter Household Size 1.47
Average Household Size 2.01
Median Household Income $27,917 ±$7,788
Median Rent $473 ±$105
Percentage Of Renters Overburdened 41.67% ± 31.95pp
Total Population 272

Population and Household Demographics

Readsboro is a city in Bennington County, Vermont with a population of 272. There are 135 households in the city with an average household size of 2.01 persons. 44.44% of households in Readsboro are renters.

Income and Rent Overburden in Readsboro

The median gross income for households in Readsboro is $27,917 a year, or $2,326 a month. The median rent for the city is $473 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Readsboro, a household making less than $1,577 a month would be considered overburdened when renting an apartment at or above the median rent. 41.67% of households who rent are overburdened in Readsboro.

Area Median Income In Readsboro

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 Readsboro, the AMI is calculated from all households within Bennington County.

In Readsboro, HUD calculates the Area Median Income for a family of four as $82,400

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 Readsboro

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.

Income Qualifications for HUD Rental Assistance in Readsboro

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Readsboro AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,000 $20,600 $23,150 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Readsboro AMI may qualify for rental assistance programs that target Very Low Income households.
$30,000 $34,300 $38,600 $42,850 $46,300 $49,750 $53,150 $56,600
80% AMI Income Limits
Renters earning up to 80% of the Readsboro AMI may qualify for rental assistance programs that target Low Income households.
$48,000 $54,850 $61,700 $68,550 $74,050 $79,550 $85,050 $90,500