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Affordable Housing In Chaffee County
Colorado

7 Low Income Apartment Communities In Chaffee County

Collegiate Commons

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

deAnza Vista Townhomes

10001 Poncha Springs Ln
Poncha Springs, Colorado

deAnza Vista Homes

607 Poncha Ave
Poncha Springs, Colorado

Sunrise Manor Apartments

301 Alsina St
Buena Vista, Colorado
Subsidized

Salida Apartments

530 Teller St
Salida, Colorado

Mt Shavano Manor

525 W 16th St
Salida, Colorado

River Bend Apartments

1500 Holman Ave
Salida, Colorado
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Housing Authorities that serve Chaffee County

Housing Authority Programs
Upper Arkansas Area Council of Governments Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher

Guide To Affordable Housing in Chaffee County, Colorado

There are 7 low income housing apartment communities offering 254 affordable apartments for rent in Chaffee County, Colorado.

Income Based Apartments in Chaffee County, Colorado

Chaffee County features 90 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 Chaffee County, Colorado

There are 164 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chaffee County.

Housing Choice Vouchers in Chaffee County, Colorado

On average, Section 8 Housing Choice vouchers pay Chaffee County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Chaffee County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Chaffee County, Colorado for a two-bedroom apartment is between $820 and $1,002.

2021 Chaffee County, 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
Chaffee County, Colorado Fair Market Rent $601 $799 $911 $1,167 $1,434
Chaffee County, Colorado Payment Standard Range $541 to $661 $719 to $879 $820 to $1,002 $1,050 to $1,284 $1,291 to $1,577

Sourced from federal housing data and AffordableHousingOnline.com research.

Chaffee County, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 254
Total Housing Units with Rental Assistance 90
Percentage of Housing Units Occupied By Renters 24.46%
Average Renter Household Size 2.36
Average Household Size 2.21
Median Household Income $51,092 ±$2,278
Median Rent $802 ±$83
Percentage Of Renters Overburdened 46.92% ± 8.56pp
Total Population 18,309

Population and Household Demographics

Chaffee County is a county in Colorado with a population of 18,309. There are 7,756 households in the county with an average household size of 2.21 persons. 24.46% of households in Chaffee County are renters.

Income and Rent Overburden in Chaffee County

The median gross income for households in Chaffee County is $51,092 a year, or $4,258 a month. The median rent for the county is $802 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chaffee County, a household making less than $2,673 a month would be considered overburdened when renting an apartment at or above the median rent. 46.92% of households who rent are overburdened in Chaffee County.

Area Median Income In Chaffee County

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.

In Chaffee County, HUD calculates the Area Median Income for a family of four as $71,300

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 Chaffee County

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 Chaffee County

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 Chaffee County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,000 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% AMI Income Limits
Renters earning up to 50% of the Chaffee County AMI may qualify for rental assistance programs that target Very Low Income households.
$25,000 $28,550 $32,100 $35,650 $38,550 $41,400 $44,250 $47,100
80% AMI Income Limits
Renters earning up to 80% of the Chaffee County AMI may qualify for rental assistance programs that target Low Income households.
$39,950 $45,650 $51,350 $57,050 $61,650 $66,200 $70,750 $75,350

Cities In Chaffee County

Select A City to View its Apartment Communities and Waiting Lists.

City Served By
Buena Vista The HUD funded Public Housing Agency that serves Buena Vista is the Upper Arkansas Area Council of Governments.
Garfield The HUD funded Public Housing Agency that serves Garfield is the Upper Arkansas Area Council of Governments.
Johnson Village The HUD funded Public Housing Agency that serves Johnson Village is the Upper Arkansas Area Council of Governments.
Maysville The HUD funded Public Housing Agency that serves Maysville is the Upper Arkansas Area Council of Governments.
Poncha Springs The HUD funded Public Housing Agency that serves Poncha Springs is the Upper Arkansas Area Council of Governments.
Salida The HUD funded Public Housing Agencies that serve Salida are the Housing Authority of the City of Salida and Upper Arkansas Area Council of Governments.
Smeltertown The HUD funded Public Housing Agency that serves Smeltertown is the Upper Arkansas Area Council of Governments.