842 S Royer St, Colorado Springs, CO 80903
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $430 - 546 per Month† | 1 - 3 Beds | 1 - 2 Baths | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Shooks Run Apartments offer 1-bedroom, 2-bedroom, and 3-bedroom floor plans. Each unit includes a full size washer/dryer, central heat & air, island and peninsula kitchens, overhead lighting, ample closet/storage space, private deck/balcony with private exterior storage, and incredible mountain or park views! Community amenities include a playground, picnic shelter, community garden, and ample surface parking. Private garages are also available for a monthly additional rent. Please contact property regarding pet policy. The community is on the bus line & across the street from Shooks Run Park and is also less than a mile from The Springs Legacy Institute.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Shooks Run Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | $430† |
| Two Bedroom (2/2) | - | $475† |
| Three Bedroom (3/2) | - | $546† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $34,150 / year | $39,000 / year | $43,900 / year | $48,750 / year | $52,650 / year | $56,550 / year |
| 50% AMI for PBRA Units | $34,150 / year | $39,000 / year | $43,900 / year | $48,750 / year | $52,650 / year | $56,550 / year |
| 60% AMI for LIHTC Units | $40,980 / year | $46,800 / year | $52,680 / year | $58,500 / year | $63,180 / year | $67,860 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Shooks Run Apartments have a waiting list?
Shooks Run Apartments probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Shooks Run Apartments?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Shooks Run Apartments?
Shooks Run Apartments is managed by Terra Management Group LLC headquartered in Greenwood Village, CO.
In addition to Shooks Run Apartments, how many other affordable housing properties (and units) are there in Colorado Springs?
In addition to Shooks Run Apartments, we list 374 other affordable properties in Colorado Springs. Learn about these properties here. Our data research shows that there are a total of 4699 affordable units in Colorado Springs.
When was the Shooks Run Apartments listing last updated?
Shooks Run Apartments listing on Affordable Housing Online was last updated on 06/12/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Marla Senter says:
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