Increased income limits for Vermont housing programs

Vermont Business Magazine USDA Rural Development has launched a Two-Tiered Income Limit Pilot for the Single Family Housing Programs in Vermont.  The pilot bands together the income limits of households with 1-4 members and with 5-8 members.  This banding significantly increases the range of households eligible for Rural Development's Direct Home Loan Program and the Home Repair Loan and Grant Program.​ More households are now able to apply for Rural Development's affordable home financing.

504 Home Repair Loan and Grant- Vermont Family Income Limits

Download the Vermont 504 Family Income Limit Worksheet.

 COUNTY 1-4 PEOPLE 5-8 PEOPLE
 Addison County $36,650 $48,400
 Chittenden, Franklin and Grand Isle Counties $42,000 $55,450
Bennington County $32,350 $42,750
Caledonia, Essex and Orleans Counties $32,350

$42,750

 

 

Lamoille County $34,300 $45,300
Orange County $33,400 $44,100
 Rutland County $32,850 $43,400
 Washington County $36,950 $48,800
 Windham County $32,750 $43,250
 Windsor County $36,600 $48,350

502 Direct Home Loan- Vermont Family Income Limits

Download the 502 Direct Home Loan Family Income Limit Worksheet.

COUNTY 1-4 PEOPLE 5-8 PEOPLE
Addison County $58,650 $77,400
Chittenden, Franklin and Grand Isle Counties $65,700 $86,700
Bennington County  $51,750  $68,300
Caledonia, Essex and Orleans Counties  $51,750 $68,300
Lamoille County  $54,900 $72,450
Orange County  $53,450 $70,550
Rutland County  $52,550 $69,350
Washington County $59,100 $78,000
Windham County $52,400 $69,150
Windsor County $58,550 $77,300

502 Guaranteed Home Loan- Vermont Family Income Limits

Download the 502 Guaranteed Home Loan Family Income Limit Worksheet.

 COUNTY 1-4 PEOPLE 5-8 PEOPLE
Addison County $84,300 $111,300
Chittenden, Franklin and Grand Isle Counties $94,450 $124,650
Bennington, Caledonia, Essex, Orange, Orleans, Rutland and Windham Counties $77,350 $102,100
Lamoille County $78,900 $104,105
Washington County $84,950 $112,150
Windsor County $84,150 $111,100
   

For more details on income banding in Vermont, review Rural Housing Service's unnumbered letteror contact a Rural Development Housing Specialist in your region.

Vermont Contacts:

Megan Roush
(802) 828-6006
[email protected]
Covering: Addison, Lamoille, and Washington Counties

 

Rita Weisburgh

(802) 828-6003

[email protected]

Covering: Chittenden, Franklin, and Grand Isle Counties

 

Dianne H. Drown
Phone:  (802) 748-8746 x125
[email protected]
Covering: Caledonia, Orleans, Essex and Orange Counties

 

Deborah J. Boyd 
Phone:  802-257-7878 X 102
[email protected]
Covering: Rutland, Windsor, Bennington and Windham Counties