Fraser, Colorado Affordable Housing

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

There are 50 affordable apartments in Fraser that offer reduced rents to low-income households.

Waiting Lists in Fraser, Colorado

There are no open Section 8 Housing Choice Voucher waiting lists in Fraser. Go to the Colorado Section 8 Waiting Lists page for openings near Fraser.

Fraser Housing ( Aka Wapiti Meadows )

505 Willow Ln
Fraser, Colorado
Affordable
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Affordable Housing Near Fraser

View affordable apartments and waiting lists in cities near Fraser

City Apartments
Granby, CO Affordable Housing programs support 1 apartment communities in Granby.
Kremmling, CO Affordable Housing programs support 1 apartment communities in Kremmling.

Public Housing Agencies Serving Fraser, 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
Grand County Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Section 8 Project-Based Rental Assistance (PBRA)
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Fraser.

Fraser, Colorado Affordable Housing Data

Income Based Apartments in Fraser, Colorado

Fraser 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 Fraser, Colorado

There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fraser.

Housing Choice Vouchers in Fraser, Colorado

On average, Section 8 Housing Choice vouchers pay Fraser landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fraser.

The maximum amount a voucher would pay on behalf of a low-income tenant in Fraser, Colorado for a two-bedroom apartment is between $1,128 and $1,378.

2023 Fraser, 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
Fraser, Colorado Fair Market Rent $965 $1,109 $1,253 $1,542 $2,134
Fraser, Colorado Payment Standard Range $869 to $1,062 $998 to $1,220 $1,128 to $1,378 $1,388 to $1,696 $1,921 to $2,347

Sourced from federal housing data and AffordableHousingOnline.com research.

Fraser, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 50
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 47.89%
Average Renter Household Size 3.13
Average Household Size 2.73
Median Household Income $45,938 ±$12,089
Median Rent $963 ±$46
Percentage Of Renters Overburdened 58.55% ± 21.48pp
Total Population 1,102

Population and Household Demographics

Fraser is a city in Grand County, Colorado with a population of 1,102. There are 403 households in the city with an average household size of 2.73 persons. 47.89% of households in Fraser are renters.

Income and Rent Overburden in Fraser

The median gross income for households in Fraser is $45,938 a year, or $3,828 a month. The median rent for the city is $963 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Fraser, a household making less than $3,210 a month would be considered overburdened when renting an apartment at or above the median rent. 58.55% of households who rent are overburdened in Fraser.

Area Median Income In Fraser

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 Fraser, the AMI is calculated from all households within Grand County.

In Fraser, HUD calculates the Area Median Income for a family of four as $95,000

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 Fraser

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 Fraser

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 Fraser AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,550 $21,200 $23,850 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Fraser AMI may qualify for rental assistance programs that target Very Low Income households.
$30,850 $35,250 $39,650 $44,050 $47,600 $51,100 $54,650 $58,150
80% AMI Income Limits
Renters earning up to 80% of the Fraser AMI may qualify for rental assistance programs that target Low Income households.
$49,350 $56,400 $63,450 $70,500 $76,150 $81,800 $87,450 $93,100