Foundry Apartments

501 W Bates Ave, Englewood, CO 80110

Waiting List Forecast: Likely Short or None

check_circleVerified for 2024 by Joshua Cappell
Rent Beds Baths SqFt
Call for Rents 1 - 2 Beds 1 - 2 Baths 620 - 827 Sq Ft
check_circle  Accepts Section 8 Housing Choice Vouchers (HCV)
check_circle  Pets Allowed
check_circle  Affordable

Waitlist Forecast

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.

Located in Englewood, CO — known for it’s small-town charm and proximity to Denver. 

 

  • 5-minute walk to:
    • Neighborhood community garden
    • Bishop Elementary school
    • Multiple bus line stops
    • Cushing Park and the South Platte River Trail head
  • 10-minute walk or a short bus ride to:
    • Englewood LRT Station
    • Englewood library
    • Grocery stores, restaurants, and retail services
    • Englewood Recreation Center
    • Kaiser, Swedish Medical and Porter Hospital 
  • Easy access to outdoor activities:
    • Walking trails & bike paths
    • Community gardens
    • Numerous parks

Transit Options

  • RTD Yale 27 Bus
    Stops at The Foundry Apartments every 30 minutes and provides direct access to Englewood Station and Porter Hospital.
  • Three additional active RTD bus stops
    Within ¼ mile of the apartments
  • Englewood Station (only 5 blocks away)
    Connects riders to the C & D Lines. Broadway Station is a 6-minute ride away; Union Station is a 19-minute ride.
  • South Platte Biking Trail System 
Dave's Thoughts On Foundry Apartments

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 Foundry Apartments 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. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.

Dave, Founder AHO

~ Dave Layfield, Founder of Affordable Housing Online

Foundry Apartments Amenities

  • Controlled Access
  • Fitness Center
  • Playground
  • BBQ and Picnic Area
  • Community Room
  • Business Center
  • Air Conditioning
  • Garbage Disposal
  • Utilities Included
  • Walk-in Closet(s)
  • Scenic View
  • Bicycle Storage
  • Outings events & activities
  • Washer and Dryer Included
  • Smoke Free
  • Oversized Windows
  • 24 Hour Maintenance
  • Courtyard
  • Private Patio and Balcony
  • Energy Efficient Appliances

Units at Foundry Apartments

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) 620ft2 Call for Price
Two Bedroom (2/2) 827ft2 Call for Price

Income Qualification for Foundry Apartments

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
AMI* 1 person 2 people 3 people 4 people
50% AMI for LIHTC Units $43,450 / year $49,650 / year $55,850 / year $62,050 / year
50% AMI for PBRA Units $43,450 / year $49,650 / year $55,850 / year $62,050 / year
60% AMI for LIHTC Units $52,140 / year $59,580 / year $67,020 / year $74,460 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for Foundry Apartments

Does Foundry Apartments have a waiting list?

Foundry Apartments 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 Foundry Apartments?

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 Foundry Apartments?

Foundry Apartments is managed by Silva Markham Partners headquartered in Denver, CO.

In addition to Foundry Apartments, how many other affordable housing properties (and units) are there in Englewood?

In addition to Foundry Apartments, we list 11 other affordable properties in Englewood. Learn about these properties here. Our data research shows that there are a total of 1247 affordable units in Englewood.

When was the Foundry Apartments listing last updated?

Foundry Apartments listing on Affordable Housing Online was last updated on 06/07/2024 by Joshua Cappell. Remember, a property's status can change so you should contact the property to confirm.

Listings Near Foundry Apartments

Broadway Lofts

3401 S Broadway, Englewood, Colorado 80110

bed 1-2
payment $1253/mo.

Lincoln Pointe Lofts

9783 Pyramid Ct, Englewood, Colorado 80112

bed 1-3

Sheridan Gardens Apartments

4300 S Lowell Blvd, Englewood, Colorado 80110

bed 2-3

Apex Meridian South

8767 S Jamaica St, Englewood, Colorado 80112

bed 1-3

Simon Center

3333 S Lincoln St, Englewood, Colorado 80113

Apex Meridian

362 Inverness Parkway, Englewood, Colorado 80112

bed 1-2
Rent observations may change. We encourage users to verify rents and eligiblity requirements directly with the property.