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Affordable Housing In Broomfield
Broomfield County, Colorado

4 Low Income Apartment Communities In Broomfield

Maryel Manor

12555 Sheridan Blvd
Broomfield, Colorado
Subsidized
62+

Broomfield Silvercrest

1110 E 10th Ave
Broomfield, Colorado
Subsidized
62+
Accessible
Elderly Supportive Housing

Broomfield Greens

12451 Sheridan Blvd
Broomfield, Colorado

Town Centre Senior Apartments

999 E 1st Ave
Broomfield, Colorado
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Guide To Affordable Housing in Broomfield, Colorado

There are 4 low income housing apartment communities offering 274 affordable apartments for rent in Broomfield, Colorado.

Income Based Apartments in Broomfield, Colorado

Broomfield features 136 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 Broomfield, Colorado

There are 138 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Broomfield.

Housing Choice Vouchers in Broomfield, Colorado

On average, Section 8 Housing Choice vouchers pay Broomfield landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Broomfield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Broomfield, Colorado for a two-bedroom apartment is between $1,445 and $1,766.

2021 Broomfield, 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
Broomfield, Colorado Fair Market Rent $1,179 $1,304 $1,605 $2,186 $2,486
Broomfield, Colorado Payment Standard Range $1,061 to $1,297 $1,174 to $1,434 $1,445 to $1,766 $1,967 to $2,405 $2,237 to $2,735

Sourced from federal housing data and AffordableHousingOnline.com research.

Broomfield, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 274
Total Housing Units with Rental Assistance 136
Percentage of Housing Units Occupied By Renters 31.59%
Average Renter Household Size 2.28
Average Household Size 2.57
Median Household Income $81,898 ±$2,803
Median Rent $1,336 ±$38
Percentage Of Renters Overburdened 42.51% ± 4.24pp
Total Population 60,699

Population and Household Demographics

Broomfield is a city in Broomfield County, Colorado with a population of 60,699. There are 23,531 households in the city with an average household size of 2.57 persons. 31.59% of households in Broomfield are renters.

Income and Rent Overburden in Broomfield

The median gross income for households in Broomfield is $81,898 a year, or $6,825 a month. The median rent for the city is $1,336 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Broomfield, a household making less than $4,453 a month would be considered overburdened when renting an apartment at or above the median rent. 42.51% of households who rent are overburdened in Broomfield.

Area Median Income In Broomfield

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 Broomfield, the AMI is calculated from all households within Broomfield County.

In Broomfield, HUD calculates the Area Median Income for a family of four as $104,800

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 Broomfield

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 Broomfield

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Broomfield AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,050 $25,200 $28,350 $31,450 $34,000 $36,500 $40,120 $44,660
50% AMI Income Limits
Renters earning up to 50% of the Broomfield AMI may qualify for rental assistance programs that target Very Low Income households.
$36,700 $41,950 $47,200 $52,400 $56,600 $60,800 $65,000 $69,200
80% AMI Income Limits
Renters earning up to 80% of the Broomfield AMI may qualify for rental assistance programs that target Low Income households.
$55,950 $63,950 $71,950 $79,900 $86,300 $92,700 $99,100 $105,500