New Avenue Apartments

10 Eastern Avenue, St. Johnsbury, 05819

Record last updated:

Map

Features

Accessible/adaptable units: 2
Zero bedroom units: 6
1 bedroom units: 31
2 bedroom units: 3
Year first occupied: 2021

Contacts

General partner (development/management): Evernorth
Management company: RuralEdge
Legal owner: New Avenue Housing L.P.

Funding sources

Low Income Housing Tax Credits: 40 apartments Definition of Low Income Housing Tax Credits
FHLB's Affordable Housing Program: 5 apartments Definition of FHLB's Affordable Housing Program
PBRA units: 40 apartments
Section 8 Project Based Assistance: 40 apartments Definition of Section 8 Project-Based Assistance
VHFA Financing: 40 apartments Definition of VHFA Financing

Eligibility

Total units: 40
# of Units set aside for permanent supportive housing for the formerly homeless: 10

Rent

Includes:
40 unit(s) with rental assistance that limits tenant-paid rent to 30% of their income