Phoenix on the Fax is already causing waves as one of the newest and undoubtedly one of the best places to live on East Colfax in Denver. With state of the art amenities including a computer learning center, tot lot, community space with billiards and spectacular living spaces, Phoenix on the Fax will not disappoint! Come in today for a tour and you will see why so many are already calling Phoenix one of the best places to live on The Fax.
|1 Bedroom (1/1)||641-644||Call for Price|
|2 Bedroom (2/2)||892-895||Call for Price|
|3 Bedroom (3/2)||1075-1111||Call for Price|
This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.
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.
Phoenix on the Fax is managed by Sherman Associates.