Lakebridge Housing

50 Compass Drive, Newport, Vermont 5855

Contact Lakebridge Housing

RuralEdge owns and manages over 600 residential & commercial units in Caledonia, Essex and Orleans counties including Lakebridge in Newport.With both flat-rate and income-based units available, RuralEdge is committed to providing safe, healthy living conditions in all of our properties.

After renovation and construction, Lakebridge now consists of five energy efficient buildings that hold one-, two-, and three-bedroom apartments. The complex is conveniently located, with an RCT stop right nearby and the town center just one block away.

Features include:

Heat & hot water
24/7 emergency maintenance
Trash removal
Grounds maintenance & snow removal
Energy efficient fixtures

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price
Two Bedroom (2/1)	-	Call for Price
Three Bedroom (3/1)	-	Call for Price

Lakebridge Housing Details

21 one, two and three bedroom units.
Walk Up
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
HOME Investment Partnerships Program

Property Amenities

Playground
Community Room
On-Site Social Services
Community Garden

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.