Affordable Housing In Custer County
Colorado
Affordable Housing programs support 14 income based apartments in Custer County where households pay rent based on how much they earn.
There are 0 affordable apartments in Custer County that offer reduced rents to low-income households.
Waiting Lists in Custer County, Colorado
There are two Section 8 Housing Choice Voucher waiting lists open in Custer County.
- Chaffee, Custer and Lake County, Colorado is currently open for new Section 8 applications.
- Park, Teller, and Huerfano County, Colorado is currently open for new Section 8 applications.
Go to the Colorado Section 8 Waiting Lists page for more openings near Custer County.
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Affordable Housing In Custer County
View affordable apartments and waiting lists in cities near Custer County
| City | Apartments |
|---|---|
| Affordable Housing In Westcliffe, CO | Affordable Housing programs support 1 apartment communities in Westcliffe. |
Public Housing Agencies Serving Custer County, 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 |
Custer County, Colorado Affordable Housing Data
Income Based Apartments in Custer County, Colorado
Custer County features 14 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 Custer County, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Custer County.
Housing Choice Vouchers in Custer County, Colorado
On average, Section 8 Housing Choice vouchers pay Custer County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Custer County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Custer County, Colorado for a two-bedroom apartment is between $888 and $1,086.
2023 Custer 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 | |
|---|---|---|---|---|---|
| Custer County, Colorado Fair Market Rent | $745 | $750 | $987 | $1,291 | $1,681 |
| Custer County, Colorado Payment Standard Range | $671 to $820 | $675 to $825 | $888 to $1,086 | $1,162 to $1,420 | $1,513 to $1,849 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Custer County, CO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 1 |
|---|---|
| Total Low Income Apartments | 14 |
| Total Housing Units with Rental Assistance | 14 |
| Percentage of Housing Units Occupied By Renters | 20.29% |
| Average Renter Household Size | 2.30 |
| Average Household Size | 2.15 |
| Median Household Income | $35,000 ±$5,776 |
| Median Rent | $726 ±$103 |
| Percentage Of Renters Overburdened | 49.38% ± 14.37pp |
| Total Population | 4,303 |
Population and Household Demographics
Custer County is a county in Colorado with a population of 4,303. There are 1,996 households in the county with an average household size of 2.15 persons. 20.29% of households in Custer County are renters.
Income and Rent Overburden in Custer County
The median gross income for households in Custer County is $35,000 a year, or $2,917 a month. The median rent for the county is $726 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Custer County, a household making less than $2,420 a month would be considered overburdened when renting an apartment at or above the median rent. 49.38% of households who rent are overburdened in Custer County.
Area Median Income In Custer 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 Custer County, HUD calculates the Area Median Income for a family of four as $70,500
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 Custer 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 Custer 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 Custer County 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 Custer County 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 Custer County 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 |
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