Discover your next home at The Remington! Our community can be found in historic downtown Fort Collins on Remington St. The Remington is your Fort Collins destination for affordable, comfortable senior living. Their building was constructed in 1973, and it has recently undergone extensive renovations. Their 11-story senior apartment building was stripped down to its studs as part of a $16 million renovation project paid for by tax credits, the city, and the Colorado Division of Housing. Extensive upgrades were made to both the interior and exterior. Interior work includes new ventilation, heating, plumbing, lighting, electrical, and fire suppression upgrades. Additionally, a fitness center and conference room were added and the laundry room expanded.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | 450 | Call for Price |
One Bedroom (1/1) | 500 | Call for Price |
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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 a HUD rental assistance program in Fort Collins but actual income limits may differ for units at The Remington.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $22,550 | $25,800 | $29,000 | $32,200 | $34,800 | $37,400 | $41,910 | $46,630 |
50% | $37,600 | $42,950 | $48,300 | $53,650 | $57,950 | $62,250 | $66,550 | $70,850 |
80% | $60,100 | $68,650 | $77,250 | $85,800 | $92,700 | $99,550 | $106,400 | $113,300 |