Newport Place

246 Elm St, Newport, Vermont 05855

Contact Newport Place

Welcome to Newport Place! Located in the quaint town of Newport, Vermont, our lovely community is tucked away in a residential area, and yet close to everything you love. Its ideal location places you within close proximity to highways and near a nice selection of fine restaurants, public parks, schools, shopping, and entertainment. Assistive animals welcome. Newport Place is a great retirement community and provides the perfect place to call home.

The apartment residences at Newport Place offer comfortable living at a price you can afford. You'll be impressed with our accommodating one bedroom floor plans and expert craftsmanship. Our apartment homes are beautifully detailed and skillfully designed to surround you in the comfort you deserve. With an endless list of fine touches, these quality residences are sure to please and inspire. Newport Place Apartment Homes come standard with well-equipped all electric kitchens, refrigerators, generous living spaces, quality flooring, and all utilities paid!

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price

Eligibility for Newport Place

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 Newport but actual income limits may differ for units at Newport Place.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$31,750	$36,300	$40,850	$45,350	$49,000	$52,650	$56,250	$59,900

Newport Place Details

24 one bedroom units.
Section 515 Rural Rental Housing
Section 521 USDA Rental Assistance
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Laundry Room
24hr Emergency Maintenance

Unit Amenities

Air Conditioning
Cable Ready
Window Coverings
Carpet
Refrigerator

Nearby Amenities

Close to Dining
Close to Shopping
Near Schools
Near Post Office

Office Hours

Day	Hours
Monday	9:00am-2:00pm
Thursday	9:00am-2:00pm

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.

Low-Income Housing Tax Credit (LIHTC)

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.