Auburn Trace Apartments I & II is managed by Evergreen Real Estate Group.
PLEASE NOTE: Beginning July 1, 2015, smoking, including E-cigarettes will be prohibited in all residential units including porches, patios, and balconies. Smoking will be permitted 25 feet and beyond of all buildings. This policy applies to all residents, guests, employees, service personnel, and all other visitors to the property.
Offers One, Two and Three Bedroom Apartment homes. Located minutes from restaurants, shopping, and schools.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Burlington but actual income limits may differ for units at Auburn Trace Apartments I & II.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $27,600 | $31,550 | $35,500 | $39,400 | $42,600 | $45,750 | $48,900 | $52,050 |
Low Income (60%) | $33,120 | $37,860 | $42,600 | $47,280 | $51,120 | $54,900 | $58,680 | $62,460 |
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.