Franklin Homestead — Income-Restricted Housing in Sheldon Springs, VT 05485
1111 Homestead Dr, Franklin, VT 05485
23 units · 16 income-restricted · 1–2 BR
How to apply
- No phone is listed. Try visiting the property or asking the city housing office how to apply.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1993
- Income limit
- 60% AMI
- Bedrooms
- 19 1 bedroom · 4 2 bedrooms
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Nearby income-restricted buildings
Franklin Carriage House
142 Homestead Dr, Franklin, VT 05457
4.4 mi away
18 units · 10 income-restricted · Studio
Swanton Meadows Realty Resource
15 Meadow Ln, Swanton, VT 05488
6.7 mi away
20 units · 2–3 BR
- 2 vacant units reported (Oct 2026) — call to confirm
Rents and income limits in 05485
- Fair market rent, 2 bedrooms
- $2,080/mo
- Income needed to pay it at 30% of income
- $83,200/yr
Income limits (2026)
Burlington-South Burlington, VT area · median family income $123,400. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $26,200 | $43,650 | $69,850 |
| 2 | $29,950 | $49,900 | $79,800 |
| 3 | $33,700 | $56,150 | $89,800 |
| 4 | $37,400 | $62,350 | $99,750 |
| 5 | $40,400 | $67,350 | $107,750 |
| 6 | $44,360 | $72,350 | $115,750 |
| 7 | $50,040 | $77,350 | $123,700 |
| 8 | $55,720 | $82,350 | $131,700 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 05485 | Wider area |
|---|---|---|
| Studio | $1,490 | $1,550 |
| 1 bedroom | $1,650 | $1,719 |
| 2 bedrooms | $2,080 | $2,165 |
| 3 bedrooms | $2,630 | $2,733 |
| 4 bedrooms | $2,730 | $2,845 |
Wider area = Burlington-South Burlington, VT. Two-bedroom fair market rents in 6 nearby ZIPs range from $1,930 (05455) to $2,080 (05483).
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures). Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 05485's fair market rent.
Estimate your Section 8 rent share for 05485Frequently Asked Questions
How do I apply to Franklin Homestead?
No phone is listed for Franklin Homestead. Try the city housing office or, for USDA rural properties, USDA's Multifamily Housing search. These records do not show openings.
Is Franklin Homestead Section 8 housing?
Franklin Homestead is listed as income-restricted housing in Sheldon Springs, VT 05485 (lihtc). It is not labeled as project-based Section 8 in this file. Call to ask which programs they run.
How many units are at Franklin Homestead?
Public records list 23 units at Franklin Homestead in Sheldon Springs, VT 05485. That is a building size, not a count of open apartments.
Are there other affordable apartments near Franklin Homestead?
Yes — this page lists other income-restricted buildings in 05485 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Franklin Homestead?
Call the number on this page and ask about the waiting list or how to apply at Franklin Homestead in Sheldon Springs, VT 05485. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Sheldon Springs, VT 05485?
Most income-restricted buildings in Sheldon Springs, VT 05485 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $43,650, and $62,350 for a 4-person household. Public housing can go up to 80% ($69,850 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Sheldon Springs, VT 05485?
For many programs in Sheldon Springs, VT 05485, the 2026 HUD very low-income (50%) limit is $43,650 a year for 1 person and $62,350 for 4 people. The low-income (80%) limit is $69,850 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Sheldon Springs, VT 05485?
In public housing and most Section 8 in Sheldon Springs, VT 05485, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Sheldon Springs, VT 05485 is $2,080 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Franklin Homestead take Section 8 vouchers?
This file does not say that Franklin Homestead has a project-based Section 8 contract. Some landlords in Sheldon Springs, VT 05485 accept Housing Choice Vouchers; you have to ask. Apply for a voucher with the housing authority, then call Franklin Homestead.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; USDA Rural Development multifamily, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.