Affordable Housing In Saint Albans
Franklin County, Vermont

14 Low Income Apartment Communities In Saint Albans

Willard Mill

25 Stowell St
Saint Albans, VT
$884-1,196
1-3 BR
HCV Welcome

Lake Street Apartments

251 Lake St
Saint Albans, VT
Subsidized

Lower Welden

100 Lower Welden St
Saint Albans, VT
Subsidized

Beth - El Court

153 Federal St
Saint Albans, VT
Subsidized

Lake Street Apartments

7 Lake St
Saint Albans, VT
Accessible
Disabled Supportive Housing
Subsidized

Hillcrest Views Apartments

1 Clyde Allen Dr
Saint Albans, VT
HCV Welcome

Heritage Lane

80 S Main Street
Saint Albans, VT
Subsidized

Butler House

11 Lake St
Saint Albans, VT
HCV Welcome

Hawks Nest Senior Housing

110 Hawks Nest
Saint Albans, VT
HCV Welcome

Waugh Opera House

22 N Main St
Saint Albans, VT
HCV Welcome

Housing Authorities that serve Saint Albans

Housing Authority Programs
Vermont State Housing Authority Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Saint Albans, Vermont

According to federal housing data and AffordableHousingOnline.com research, there are 14 low income housing apartment communities offering 539 affordable apartments for rent in Saint Albans, Vermont. Saint Albans features 110 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 429 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Saint Albans.

Saint Albans, VT Affordable Housing Snapshot

Total Affordable Apartment Properties 14
Total Low Income Apartments 539
Total Housing Units with Rental Assistance 110
Percentage of Housing Units Occupied By Renters 47.36%
Average Renter Household Size 2.08
Average Household Size 2.36
Median Household Income $44,013 ±$7,347
Median Rent $839 ±$45
Percentage Of Renters Overburdened 60.57% ± 10.48pp
Total Population 6,864

Population and Household Demographics

Saint Albans is a City in Franklin County, Vermont with a population of 6,864. There are 2,876 households in the city with an average household size of 2.36 persons. 47.36% of households in Saint Albans are renters.

Income and Rent Overburden in Saint Albans

The median gross income for households in Saint Albans is $44,013 a year, or $3,668 a month. The median rent for the city is $839 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Saint Albans, a household making less than $2,797 a month would be considered overburdened when renting an apartment at or above the median rent. 60.57% of households who rent are overburdened in Saint Albans.1

Area Median Income In Saint Albans

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 Saint Albans, the AMI is calculated from all households within Franklin County.

In Saint Albans, HUD calculates the Area Median Income for a family of four as $91,600

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 Saint Albans

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 Saint Albans HUD Rental Assistance in Saint Albans

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $19,250 $22,000 $24,750 $27,500 $30,170 $34,590 $39,010 $43,430
50% of Median $32,100 $36,650 $41,250 $45,800 $49,500 $53,150 $56,800 $60,500
80% of Median $51,350 $58,650 $66,000 $73,300 $79,200 $85,050 $90,900 $96,800
Low Income Housing Tax Credits in Saint Albans

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

From 1996 to 2010, 8 low income apartment communities containing 265 rental apartments have been constructed and made affordable to low income persons in Saint Albans by the Low Income Housing Tax Credit Program.

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.

Income Qualifications for Low Income Housing Tax Credit Apartments in Saint Albans

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $32,100 $36,650 $41,250 $45,800 $49,500 $53,150 $56,800 $60,500
60% of Median $38,520 $43,980 $49,500 $54,960 $59,400 $63,780 $68,160 $72,600

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 Saint Albans is $49,500 a year, or $4,125 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,125 by 30% to get a maximum rent of $1,238 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 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $803 $859 $1,031 $1,191 $1,329 $1,466
60% $963 $1,031 $1,238 $1,430 $1,595 $1,760
Fair Market Rents in Saint Albans

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,030 $1,223 $1,573 $1,974 $2,131