Florence, Colorado Affordable Housing

Affordable Housing programs support 0 income based apartments in Florence where households pay rent based on how much they earn.

There are 24 affordable apartments in Florence that offer reduced rents to low-income households.

Waiting Lists in Florence, Colorado

There are two Section 8 Housing Choice Voucher waiting lists open in Florence.

Go to the Colorado Section 8 Waiting Lists page for more openings near Florence.

San Juan Apartments

1114 E 3rd St
Florence, Colorado
Affordable
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Affordable Housing Near Florence

View affordable apartments and waiting lists in cities near Florence

City Apartments
Canon City, CO Affordable Housing programs support 13 apartment communities in Canon City.

Public Housing Agencies Serving Florence, Colorado

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Upper Arkansas Area Council of Governments Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Florence.

Florence, Colorado Affordable Housing Data

Income Based Apartments in Florence, Colorado

Florence features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Florence, Colorado

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Florence.

Housing Choice Vouchers in Florence, Colorado

On average, Section 8 Housing Choice vouchers pay Florence landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Florence.

The maximum amount a voucher would pay on behalf of a low-income tenant in Florence, Colorado for a two-bedroom apartment is between $945 and $1,155.

2023 Florence, Colorado Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Florence, Colorado Fair Market Rent $792 $798 $1,050 $1,492 $1,646
Florence, Colorado Payment Standard Range $713 to $871 $718 to $878 $945 to $1,155 $1,343 to $1,641 $1,481 to $1,811

Sourced from federal housing data and AffordableHousingOnline.com research.

Florence, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 34.69%
Average Renter Household Size 2.42
Average Household Size 2.49
Median Household Income $36,220 ±$5,474
Median Rent $801 ±$204
Percentage Of Renters Overburdened 63.77% ± 14.63pp
Total Population 3,884

Population and Household Demographics

Florence is a city in Fremont County, Colorado with a population of 3,884. There are 1,528 households in the city with an average household size of 2.49 persons. 34.69% of households in Florence are renters.

Income and Rent Overburden in Florence

The median gross income for households in Florence is $36,220 a year, or $3,018 a month. The median rent for the city is $801 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Florence, a household making less than $2,670 a month would be considered overburdened when renting an apartment at or above the median rent. 63.77% of households who rent are overburdened in Florence.

Area Median Income In Florence

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Florence, the AMI is calculated from all households within Fremont County.

In Florence, HUD calculates the Area Median Income for a family of four as $68,100

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Florence

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Florence

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Florence AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,300 $19,750 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Florence AMI may qualify for rental assistance programs that target Very Low Income households.
$28,800 $32,900 $37,000 $41,100 $44,400 $47,700 $51,000 $54,300
80% AMI Income Limits
Renters earning up to 80% of the Florence AMI may qualify for rental assistance programs that target Low Income households.
$46,050 $52,600 $59,200 $65,750 $71,050 $76,300 $81,550 $86,800