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An extensive list of coronavirus resources for low-income households can be found here.

Aspen Ridge Apartments

831 E Mingus Ave, Cottonwood, Arizona 86326

Aspen Ridge is an exciting new community designed to meet the growing housing demands in the Cottonwood area. The community offers one, two and three bedroom apartment homes for working families and individuals. All two and three bedroom homes have two full baths. This property maintains the highest standards for housing in the community with spacious units, stylish buildings and desert landscaping. The amenities include a clubhouse with a community room and a kitchen. The center courtyard area boasts a heated swimming pool overlooking a gas B.B.Q. area and custom playscape where residents can gather together to enjoy a meal or just relax after a swim.

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Message Aspen Ridge Apartments

Waiting List is Open Now

NOW ACCEPTING APPLICATIONS FOR OUR WAIT LIST!

Income restrictions may apply.

Last updated on September 17th, 2018

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 821 $466
2 Bedroom (2/1) 921 $687
3 Bedroom (3/1) 1,195 Call for Price

Aspen Ridge Apartments Details

  • 96 one, two and three bedroom units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

Property Amenities

  • Playground
  • BBQ/Picnic Area
  • Clubhouse
  • Laundry Facilities
  • Community Swimming Pool

Unit Amenities

  • Air Conditioning
  • Ceiling Fan(s)
  • Dishwasher
  • Garbage Disposal
  • Microwave
  • Refrigerator
  • Washer/ Dryer
  • Private Patios
  • Outside Storage Closets

Office Hours

Day Hours
Monday 8:00am-5:00pm
Tuesday 8:00am-5:00pm
Wednesday 8:00am-5:00pm
Thursday 8:00am-5:00pm
Friday 8:00am-5:00pm

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.

Section 538 Guaranteed Rural Rental Housing

Section 538 is an affordable rural rental housing program for households earning incomes at or below 115% of the area median income.

Cottonwood Low-Income Housing Tax Credit Income Limits

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 Cottonwood but actual income limits may differ for units at Aspen Ridge Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,150 $26,450 $29,750 $33,050 $35,700 $38,350 $41,000 $43,650
Low Income (60%) $27,780 $31,740 $35,700 $39,660 $42,840 $46,020 $49,200 $52,380

Aspen Ridge Apartments was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Aspen Ridge Apartments is managed by Guardian Real Estate Services.

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Image of Aspen Ridge Apartments
Image of Aspen Ridge Apartments
Image of Aspen Ridge Apartments
Image of Aspen Ridge Apartments
Image of Aspen Ridge Apartments