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Affordable Housing In Arriba
Lincoln County, Colorado

1 Low Income Apartment Communities In Arriba

Leisure Pines

116 Pine St
Arriba, Colorado
Subsidized
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Guide To Affordable Housing in Arriba, Colorado

There are 1 low income housing apartment communities offering 10 affordable apartments for rent in Arriba, Colorado.

Income Based Apartments in Arriba, Colorado

Arriba features 10 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Arriba, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Arriba.

Housing Choice Vouchers in Arriba, Colorado

On average, Section 8 Housing Choice vouchers pay Arriba landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Arriba.

The maximum amount a voucher would pay on behalf of a low-income tenant in Arriba, Colorado for a two-bedroom apartment is between $682 and $834.

2020 Arriba, Colorado Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Fair Market Rent $572 $576 $758 $981 $1,331
Payment Standard Range $515 to $629 $518 to $634 $682 to $834 $883 to $1,079 $1,198 to $1,464

Sourced from federal housing data and AffordableHousingOnline.com research.

Arriba, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 10
Total Housing Units with Rental Assistance 10
Percentage of Housing Units Occupied By Renters 33.33%
Average Renter Household Size 1.38
Average Household Size 1.84
Median Household Income $36,071 ±$12,403
Median Rent $513 ±$177
Percentage Of Renters Overburdened 23.53% ± 36.92pp
Total Population 188

Population and Household Demographics

Arriba is a city in Lincoln County, Colorado with a population of 188. There are 102 households in the city with an average household size of 1.84 persons. 33.33% of households in Arriba are renters.

Income and Rent Overburden in Arriba

The median gross income for households in Arriba is $36,071 a year, or $3,006 a month. The median rent for the city is $513 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Arriba, a household making less than $1,710 a month would be considered overburdened when renting an apartment at or above the median rent. 23.53% of households who rent are overburdened in Arriba.

Area Median Income In Arriba

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Arriba, the AMI is calculated from all households within Lincoln County.

In Arriba, HUD calculates the Area Median Income for a family of four as $64,000

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Arriba

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Arriba

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,950 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,850 $28,400 $31,950 $35,500 $38,350 $41,200 $44,050 $46,900
80% of Median $39,800 $45,450 $51,150 $56,800 $61,350 $65,900 $70,450 $75,000