3745 Marion Dr, Colorado Springs, CO 80909
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | - |
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.
The Commons is a permanent supportive housing community for Veterans, individuals, and families experiencing unstable housing and who are in-need of clinical services and offers 1-bedroom, 2-bedroom, and 3-bedroom fully furnished units. Eight (8) of the units are set aside for homeless military veterans and are being handled through the Department of Veterans Affairs. The building includes an elevator, laundry room on every floor, a large multi-purpose room, a food pantry, a fitness center, a library, and a computer lab. The Commons are located near the Citadel Mall, just one block from public transportation.
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 The Commons 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) | - | Rent is Based On Your Income† |
| Two Bedroom (2/1) | - | Rent is Based On Your Income† |
| Three Bedroom (3/1) | - | Rent is Based On Your Income† |
| 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 The Commons have a waiting list?
The Commons 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 The Commons?
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 The Commons?
The Commons is managed by Rocky Mountain Communities
In addition to The Commons, how many other affordable housing properties (and units) are there in Colorado Springs?
In addition to The Commons, 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 The Commons listing last updated?
The Commons listing on Affordable Housing Online was last updated on 06/14/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
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