Valle De Merced

800 Goeglein Gulch, Durango, Colorado 81301

Valle de Merced consists of 46 one-, two- and three-bedroom homes for low-income families; 15 of these homes are set aside for individuals with special needs. This property serves families and individuals with special needs who are earning 30 – 60 percent of the area median income.

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Units

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price
Three Bedroom (3/2) - Call for Price

Valle De Merced Details

  • 46 0, 0 and 0 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Computer Lab
  • Community Kitchen

Office Hours

Day Hours
Monday 8:30am-5:30pm
Tuesday 8:30am-5:30pm
Wednesday 8:30am-5:30pm
Thursday 8:30am-5:30pm
Friday 8:30am-5:30pm

Low-Income Housing Tax Credit (LIHTC)

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.

Durango Low-Income Housing Tax Credit Income Limits

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 Durango but actual income limits may differ for units at Valle De Merced.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,700 $35,100 $39,500 $43,850 $47,400 $50,900 $54,400 $57,900
Low Income (60%) $36,840 $42,120 $47,400 $52,620 $56,880 $61,080 $65,280 $69,480

Valle De Merced is managed by Mercy Housing.

Image of Valle De Merced
Image of Valle De Merced

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