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Saxtons River Family Housing

6 River St, Saxtons River, Vermont 05154

17 family units are spread among town near the historic district of Saxtons River. These affordable apartments offer low rents in a rural setting. Rents include heat and hot water. Rents are based on 30% of monthly income. Income limits do apply.

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Units

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based
4 Bedroom (4/1) - Income Based

Saxtons River Family Housing Details

  • 17 two, three and four bedroom units.
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Unit Amenities

  • Heat and Hot Water Included

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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Saxtons River 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 Saxtons River but actual income limits may differ for units at Saxtons River Family Housing.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $15,700 $17,950 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% $26,150 $29,850 $33,600 $37,300 $40,300 $43,300 $46,300 $49,250
80% $41,800 $47,800 $53,750 $59,700 $64,500 $69,300 $74,050 $78,850

Saxtons River Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Saxtons River but actual income limits may differ for units at Saxtons River Family Housing.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $26,150 $29,850 $33,600 $37,300 $40,300 $43,300 $46,300 $49,250
Low Income (60%) $31,380 $35,820 $40,320 $44,760 $48,360 $51,960 $55,560 $59,100

Saxtons River Family Housing is managed by Stewart Management Company.

Image of Saxtons River Family Housing