The Bus Stop Apartments

4871 Broadway, Boulder, Colorado 80304

The Bus Stop Apartments transformed one of Boulder’s iconic locations in north Boulder into a community Art hub and affordable housing development. The site is centrally located in the NoBo Art District. The development team of Thistle Communities and AGR Development purchased the property in April 2016. The development includes 53 units–including 43 One-Bedroom Apartments and 10 Studio Apartments. Amenities include a community room, community art space, central heat and air, washers and dryers, a patio or balcony, on-site storage, and a free RTD pass. 100% of the rents service households who earn 60% of the average monthly income (AMI) or under.

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (Studio/1) - Call for Price
One Bedroom (1/1) - Call for Price

The Bus Stop Apartments Details

  • 53 studio and one bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Off-Street Parking

Unit Amenities

  • Storage
  • Balconies or Patios Available
  • Central Heat & Air
  • Washer and Dryer Included

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 The Bus Stop Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $43,900 $50,200 $56,450 $62,700 $67,750 $72,750 $77,750 $82,800
Low Income (60%) $52,680 $60,240 $67,740 $75,240 $81,300 $87,300 $93,300 $99,360

The Bus Stop Apartments is managed by Thistle.

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