Vista El Rancho is a new property that opened in Winter of 2019, located in beautiful Evergreen, Colorado. Serving individuals and families whose income is at or below 30% - 60% of the Area Median Income "AMI". *AMI restrictions are designated at the time of application and are done a first come first serve basis. The 55-unit, two-story building includes one, two and three bedroom units.
This project has been funded and will begin construction soon.
|One Bedroom (1/1)||-||$1,044|
|Two Bedroom (2/1)||-||$1,254|
|Three Bedroom (3/1)||-||$1,448|
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.
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 Evergreen but actual income limits may differ for units at Vista El Rancho.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$41,050||$46,900||$52,750||$58,600||$63,300||$68,000||$72,700||$77,400|
|Low Income (60%)||$49,260||$56,280||$63,300||$70,320||$75,960||$81,600||$87,240||$92,880|
Vista El Rancho is managed by Foothills Regional Housing.