Armory Lane Senior Housing

50 Armory Lane Extension, Vergennes, 05491

Record last updated:

Map

Features

1 bedroom units: 20
2 bedroom units: 5
Year first occupied: 2012

Contacts

General partner (development/management): Evernorth
Management company: Addison Housing Works
Legal owner: Armory Lane HLP

Funding sources

Low Income Housing Tax Credits: 20 apartments Definition of Low Income Housing Tax Credits
Community Development Block Grant: 25 apartments Definition of Community Development Block Grant
Home Program: 22 apartments Definition of Home Program
Market Rate Units: 5 apartments Definition of Market Rate Units
Other: 25 apartments
PBRA units: 8 apartments
Section 202 Housing for Elderly: 8 apartments Definition of Section 202 Housing for Elderly
Section 202/811 PRAC: 8 apartments
VHCB Grant/Loan: 25 apartments Definition of Vermont Housing & Conservation Board Funding

Eligibility

Total units: 25
Age-restricted units: 25

Rent

Includes:
8 unit(s) with rental assistance that limits tenant-paid rent to 30% of their income
5 market rate units (i.e. with no statutory limit)