Grand Way Commons I

412 Farrell Street, South Burlington, 05403

Record last updated:

Map

Features

Accessible/adaptable units: 30
1 bedroom units: 57
2 bedroom units: 6
Year first occupied: 2007

Contacts

Management company: Cathedral Square Corporation
Legal owner: Farrell Street Senior HLP

Funding sources

Low Income Housing Tax Credits: 63 apartments Definition of Low Income Housing Tax Credits
Section 236: 42 apartments Definition of Section 236
Home Program: 22 apartments Definition of Home Program
Other: 1 apartments
PBRA units: 42 apartments
Section 202 Housing for Elderly: 63 apartments Definition of Section 202 Housing for Elderly
Section 202/811 PRAC: 42 apartments
VHCB Grant/Loan: 7 apartments Definition of Vermont Housing & Conservation Board Funding

Eligibility

Total units: 63
# of Units set aside for permanent supportive housing for the formerly homeless: 0
Age-restricted units: 63

Rent

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