Buena Vista, Colorado Affordable Housing

Affordable Housing programs support 40 income based apartments in Buena Vista where households pay rent based on how much they earn.

There are 48 affordable apartments in Buena Vista that offer reduced rents to low-income households.

Waiting Lists in Buena Vista, Colorado

There are two Section 8 Housing Choice Voucher waiting lists open in Buena Vista.

Go to the Colorado Section 8 Waiting Lists page for more openings near Buena Vista.

Collegiate Commons

609 East Pine Street
Buena Vista, Colorado
Call For Rent
1-3 BR
Affordable

Sunrise Manor Apartments

301 Alsina St
Buena Vista, Colorado
Rent Assisted
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Affordable Housing Near Buena Vista

View affordable apartments and waiting lists in cities near Buena Vista

City Apartments
Salida, CO Affordable Housing programs support 3 apartment communities in Salida.
Poncha Springs, CO Affordable Housing programs support 2 apartment communities in Poncha Springs.

Public Housing Agencies Serving Buena Vista, Colorado

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Upper Arkansas Area Council of Governments Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Buena Vista.

Buena Vista, Colorado Affordable Housing Data

Income Based Apartments in Buena Vista, Colorado

Buena Vista features 40 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 Buena Vista, Colorado

There are 48 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Buena Vista.

Housing Choice Vouchers in Buena Vista, Colorado

On average, Section 8 Housing Choice vouchers pay Buena Vista landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Buena Vista.

The maximum amount a voucher would pay on behalf of a low-income tenant in Buena Vista, Colorado for a two-bedroom apartment is between $1,058 and $1,294.

2023 Buena Vista, 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
Buena Vista, Colorado Fair Market Rent $861 $1,041 $1,176 $1,545 $2,003
Buena Vista, Colorado Payment Standard Range $775 to $947 $937 to $1,145 $1,058 to $1,294 $1,391 to $1,700 $1,803 to $2,203

Sourced from federal housing data and AffordableHousingOnline.com research.

Buena Vista, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 88
Total Housing Units with Rental Assistance 40
Percentage of Housing Units Occupied By Renters 35.63%
Average Renter Household Size 2.30
Average Household Size 2.42
Median Household Income $43,429 ±$11,086
Median Rent $787 ±$111
Percentage Of Renters Overburdened 54.64% ± 17.28pp
Total Population 2,705

Population and Household Demographics

Buena Vista is a city in Chaffee County, Colorado with a population of 2,705. There are 1,120 households in the city with an average household size of 2.42 persons. 35.63% of households in Buena Vista are renters.

Income and Rent Overburden in Buena Vista

The median gross income for households in Buena Vista is $43,429 a year, or $3,619 a month. The median rent for the city is $787 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Buena Vista, a household making less than $2,623 a month would be considered overburdened when renting an apartment at or above the median rent. 54.64% of households who rent are overburdened in Buena Vista.

Area Median Income In Buena Vista

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 Buena Vista, the AMI is calculated from all households within Chaffee County.

In Buena Vista, HUD calculates the Area Median Income for a family of four as $79,800

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 Buena Vista

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 Buena Vista

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 Buena Vista AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,300 $19,750 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Buena Vista AMI may qualify for rental assistance programs that target Very Low Income households.
$28,800 $32,900 $37,000 $41,100 $44,400 $47,700 $51,000 $54,300
80% AMI Income Limits
Renters earning up to 80% of the Buena Vista AMI may qualify for rental assistance programs that target Low Income households.
$46,050 $52,600 $59,200 $65,750 $71,050 $76,300 $81,550 $86,800