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Hancock apartments stay affordable

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Posted on January 5, 2012 |
By John Flowers



hancockapt6490.jpg
THE ADDISON COUNTY Community Trust will acquire and purchase this affordable housing apartment building on Route 125 in Hancock in order to preserve its availability for low-income renters. Independent photo/Trent Campbell

HANCOCK — The Addison County Community Trust (ACCT) will acquire and renovate Hancock’s most prominent affordable housing apartment building, thereby preserving the low-cost rental units for at least the next 20 years.

At issue is the five-unit Mountain View project at 123 Route 125, which for the past 30 years has accommodated low-income tenants under the federal Section 8 housing program. That program pays rental subsidies for tenants earning less than 50 percent of the area median household income, which is currently $35,750 for a family of four.

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