20 Primrose Cir, Durango, CO 81301
Waiting List Forecast: Likely Short or None
Verified for 2018 by Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
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.
Piñon Terrace has 66 units and provides housing for families and people with special needs. Piñon Terrace is Mercy Housing Colorado’s third affordable rental property in Durango. Mercy Regional Medical Center donated the land for Piñon Terrace through Mercy Housing’s partnership with Catholic Health Initiatives.
Because Pinon Terrace participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Depending on the number of HOME-designated units, additional units may have even lower household income requirements and corresponding lower rent caps.
~ 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 | $36,400 / year | $41,600 / year | $46,800 / year | $51,950 / year | $56,150 / year | $60,300 / year | $64,450 / year | $68,600 / year |
| 50% AMI for PBRA Units | $36,400 / year | $41,600 / year | $46,800 / year | $51,950 / year | $56,150 / year | $60,300 / year | $64,450 / year | $68,600 / year |
| 60% AMI for LIHTC Units | $43,680 / year | $49,920 / year | $56,160 / year | $62,340 / year | $67,380 / year | $72,360 / year | $77,340 / year | $82,320 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Pinon Terrace have a waiting list?
Pinon Terrace 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 Pinon Terrace?
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 Pinon Terrace?
Pinon Terrace is managed by Mercy Housing headquartered in Denver, Colorado.
In addition to Pinon Terrace, how many other affordable housing properties (and units) are there in Durango?
In addition to Pinon Terrace, we list 23 other affordable properties in Durango. Learn about these properties here. Our data research shows that there are a total of 824 affordable units in Durango.
Looking for housing as soon as possible?
Applying for waiting lists with no preferences may help shorten the wait for available housing.Bri-Anna Barbosa says:
"Affordable Housing Online is very informative and helpful by keeping you up to date with housing, including what's available and how to apply."