700 Walnut St, Boulder, CO 80302
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2023 by Connor Bailey, Colleen CarterRent | Beds | Baths | SqFt |
---|---|---|---|
Call for Rents† | 1 Bed | 1 Bath | - |
Since this property is a LIHTC property that may have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
CANYON POINTE'S WAITING LIST IS CLOSED AND THEY DO NOT HAVE ANYTHING AVAILABLE. Canyon Pointe consists 1 bedroom apartments with balconies that are part of the Section 8 Communities program. Residency is restricted to applicants age 62 years or older. All residents pay approximately 30% of their adjusted income towards rent and all utilities are included in the rent. Located near downtown, the main library and a block from the Boulder creek path, Canyon Pointe is in the heart of Boulder and boasts a community center, a library, on-site laundry, and a beautiful patio with opportunities for residents to garden. Pets accepted with written prior landlord approval.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. The LIHTC program doesn't provide direct subsidies to the residents, but the owner must set rents affordable to low-income renters in the area. This property does participate in the Section 8 Project-Based Rental Assistance program and your rent would be subsidized and based on your income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. LIHTC properties tend to have shorter waiting lists however, since Canyon Pointe Apartments has a project-based subsidy, the waiting list is likely much longer than other local LIHTC properties. LIHTC properties nationwide are required to accept housing vouchers however, since this property has a Section 8 Project-Based Rental Assistance contract, your Section 8 voucher can not be used here. LIHTC properties were first built in the late 1980's and the LIHTC program funds the renovation of older properties. Because they tend to be newer or renovated, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you need help paying your rent and are willing to wait for a longer waiting list.
~ Dave Layfield, Founder of Affordable Housing Online
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Rent is Based On Your Income† |
AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
---|---|---|---|---|---|---|---|---|
30% AMI for PBRA Units | $27,900 / year | $31,900 / year | $35,900 / year | $39,850 / year | $43,050 / year | $46,250 / year | $49,450 / year | $52,650 / year |
50% AMI for LIHTC Units | $46,500 / year | $53,150 / year | $59,800 / year | $66,400 / year | $71,750 / year | $77,050 / year | $82,350 / year | $87,650 / year |
50% AMI for PBRA Units | $46,500 / year | $53,150 / year | $59,800 / year | $66,400 / year | $71,750 / year | $77,050 / year | $82,350 / year | $87,650 / year |
60% AMI for LIHTC Units | $55,800 / year | $63,780 / year | $71,760 / year | $79,680 / year | $86,100 / year | $92,460 / year | $98,820 / year | $105,180 / year |
80% AMI for PBRA Units | $66,700 / year | $76,200 / year | $85,750 / year | $95,250 / year | $102,900 / year | $110,500 / year | $118,150 / year | $125,750 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Canyon Pointe Apartments have a waiting list?
Canyon Pointe Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Canyon Pointe Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Canyon Pointe Apartments, how many other affordable housing properties (and units) are there in Boulder?
In addition to Canyon Pointe Apartments, we list 40 other affordable properties in Boulder. Learn about these properties here. Our data research shows that there are a total of 2194 affordable units in Boulder.
When was the Canyon Pointe Apartments listing last updated?
Canyon Pointe Apartments listing on Affordable Housing Online was last updated on 07/28/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Prepare to pay a fee to apply for units that accept Section 8 vouchers.
While there is no charge for Section 8 applications, a private landlord may charge a fee to apply for an available unit.Linda Kenney says:
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