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Red Oak Park

2637 Valmont Rd, Boulder, Colorado 80304

Red Oak Park  is home to 59 duplexes, triplexes and single family homes.  The buildings feature solar panels and many energy efficient features which help reduce utility costs and environmental impact. This community features a green space, playground, Community Center, and is centrally located with easy access to RTD bus routes, schools and shopping.

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Red Oak Park Details

  • 59 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Smoke Free
  • Pet Friendly
  • On-site Laundry

Unit Amenities

  • Washer/Dryer Hookup
  • Water Trash and Sewer Included
  • Private Patio/Balcony
  • Outside Storage Closets
  • Individual heating and cooling systems

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.

Boulder 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 Boulder but actual income limits may differ for units at Red Oak Park.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $40,300 $46,050 $51,800 $57,550 $62,200 $66,800 $71,400 $76,000
Low Income (60%) $48,360 $55,260 $62,160 $69,060 $74,640 $80,160 $85,680 $91,200

Red Oak Park is managed by Boulder Housing Partners.

Image of Red Oak Park
Image of Red Oak Park

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