8315 E Colfax Ave, Denver, CO 80220
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
This property is currently under construction.
The Rose on Colfax offers 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments. Each unit includes high speed internet hook-ups, luxury vinyl tile flooring, and all appliances including a dishwasher, microwave, and garbage disposal. The building features an early childhood learning center, resident services, a beautiful courtyard, community rooms and on-site parking.
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 Rose on Colfax 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
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $43,450 / year | $49,650 / year | $55,850 / year | $62,050 / year | $67,050 / year | $72,000 / year | $76,950 / year | $81,950 / year |
| 50% AMI for PBRA Units | $43,450 / year | $49,650 / year | $55,850 / year | $62,050 / year | $67,050 / year | $72,000 / year | $76,950 / year | $81,950 / year |
| 60% AMI for LIHTC Units | $52,140 / year | $59,580 / year | $67,020 / year | $74,460 / year | $80,460 / year | $86,400 / year | $92,340 / year | $98,340 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Rose on Colfax have a waiting list?
The Rose on Colfax 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 Rose on Colfax?
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 Rose on Colfax?
The Rose on Colfax is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to The Rose on Colfax, how many other affordable housing properties (and units) are there in Denver?
In addition to The Rose on Colfax, we list 678 other affordable properties in Denver. Learn about these properties here. Our data research shows that there are a total of 22552 affordable units in Denver.
When was the The Rose on Colfax listing last updated?
The Rose on Colfax listing on Affordable Housing Online was last updated on 06/21/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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Housing options for renters with a criminal record.
A criminal history does not automatically disqualify a renter from federal housing assistance. But more serious offenses may make you inelligible if they were recent.LMarie Murphy says:
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