Aspen Meadows Apartments

651 Potomac Ave, Aurora, Colorado 80011

Aspen Meadows Apartments is an affordable, senior (62+) community. They offer 1 bedroom floor plans. Applicants must be 62 years of age or older and/or disabled, or individuals 18 and older with a disability. Contact the property for current availability. Rent is based on income. Waitlist placement and income limit restrictions may apply. Amenities and features: appliances included, community room, computer room, laundry facility, and more! Applicants should bring the following documentation: original birth certificate(s), original social security card(s), current government issued photo I.D.(s) for anyone 18 years of age or older, proof of income/pay stubs. Equal Housing Opportunity.

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Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 529 Income Based

Aspen Meadows Apartments Details

  • 100 one bedroom units.
  • Mid Rise
  • Water and Sewer utilities included in rent
  • Heat utility included in rent
  • Section 8 Project-Based Rental Assistance
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Computer Room
  • Laundry Facility

Section 8 Project-Based Rental Assistance

Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.

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.

Aurora HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Aurora but actual income limits may differ for units at Aspen Meadows Apartments.

AMI Band 1 Person 2 Person
30% $24,650 $28,150
50% $41,050 $46,900
80% $62,600 $71,550

Aurora 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 Aurora but actual income limits may differ for units at Aspen Meadows Apartments.

AMI Band 1 Person 2 Person
Very Low Income (50%) $41,050 $46,900
Low Income (60%) $49,260 $56,280

Aspen Meadows Apartments is managed by Avail Property Mangement, Inc..

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