Lake Paran Village is a new construction in Shaftsbury, right over the town line from North Bennington, this is a mixed-income, 22-unit rental housing development. The Village is in close proximity to public transportation and local recreation opportunities, along with common green spaces, open front porches, walkways and preservation of natural and man-made features.
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.
Lake Paran Village is managed by Shires Housing.