Arroyo Village, located at 1299 Knox Court in Denver, has one, two and three bedroom low rise style apartments. Arroyo Village participates in the Low-Income Housing Tax Credit (LIHTC) program.
Currently accepting waiting list applications.Last updated on March 12th, 2019
|1 Bedroom (1/1)||600||$843|
|2 Bedroom (2/1)||814||$1,012|
|3 Bedroom (3/2)||1,021||$1,168|
Arroyo Village is offering brand new 1, 2 & 3 bedroom apartment homes! Slated to open in May 2019, we offer holistic, resident-focused affordable housing that empowers individuals and families to thrive.
1 bedroom 1 bath 600 sq. ft. $843 per month Min. Security Deposit $300
2 bedroom 1 bath 814 sq. ft. $1,012 per month Min. Security Deposit $400
3 bedroom 2 bath 1,021 sq. ft. $1,168 per month Min. Security Deposit $500
Pets (2 pet max, no bull breeds, 50 lb. max)
1 Pet $300 Deposit $30.00 Pet Rent 2 Pets $500 Deposit $50.00 Pet Rent
Once your screening is approved we will contact you to make an application appointment.
Applicants are required to bring the following with them to their appointment:
Ø Identification for all individuals who will be on the lease, including:
- Current Photo I.D. of all household members over the age of 18
- Birth certificates of all minors
Ø Documentation that verifies all applicable household income, including:
- Award letters for SSI, Pension &/or Retirement, TANF, court ordered child support, etc.
- Contact information for current employer, i.e. Fax # &/or email
- If self-employed, previous year 1099 & 1040 Schedule C, business plan and copies of payments made to your business in the past 12 months.
*Additional documentation may be required during the application process
*Prices subject to change
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Denver but actual income limits may differ for units at Arroyo Village.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person|
|Very Low Income (50%)||$32,500||$37,150||$41,800||$46,400||$50,150||$53,850||$57,550|
Arroyo Village was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.
Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.
Arroyo Village is managed by Rocky Mountain Communities.