Sol Naciente

820 Beaver Avenue, Fort Morgan, Colorado 80701

This 50 units development is designed to support the needs of agricultural workers and their families. For more information call 970-370-2028.

Waiting List is Open Now

Last updated on February 12th, 2019

Sol Naciente Details

  • 50 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing

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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Fort Morgan 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 Fort Morgan but actual income limits may differ for units at Sol Naciente.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Low Income (60%) $30,900 $35,280 $39,720 $44,100 $47,640 $51,180 $54,720 $58,260

Sol Naciente is managed by Community Resources & Housing Development Corporation.