Granby, Colorado Affordable Housing

Affordable Housing programs support 24 income based apartments in Granby where households pay rent based on how much they earn.

There are 0 affordable apartments in Granby that offer reduced rents to low-income households.

Waiting Lists in Granby, Colorado

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

Grand Living Solar Senior Homes

925 E Agate Ave
Granby, Colorado
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Affordable Housing Near Granby

View affordable apartments and waiting lists in cities near Granby

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

Public Housing Agencies Serving Granby, 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 Granby.

Granby, Colorado Affordable Housing Data

Income Based Apartments in Granby, Colorado

Granby features 24 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 Granby, Colorado

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Granby.

Housing Choice Vouchers in Granby, Colorado

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

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

2023 Granby, 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
Granby, Colorado Fair Market Rent $965 $1,109 $1,253 $1,542 $2,134
Granby, 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 research.

Granby, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 24
Total Housing Units with Rental Assistance 24
Percentage of Housing Units Occupied By Renters 30.77%
Average Renter Household Size 3.16
Average Household Size 2.52
Median Household Income $50,125 ±$14,966
Median Rent $955 ±$148
Percentage Of Renters Overburdened 47.81% ± 15.18pp
Total Population 1,864

Population and Household Demographics

Granby is a city in Grand County, Colorado with a population of 1,864. There are 741 households in the city with an average household size of 2.52 persons. 30.77% of households in Granby are renters.

Income and Rent Overburden in Granby

The median gross income for households in Granby is $50,125 a year, or $4,177 a month. The median rent for the city is $955 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Granby, a household making less than $3,183 a month would be considered overburdened when renting an apartment at or above the median rent. 47.81% of households who rent are overburdened in Granby.

Area Median Income In Granby

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

In Granby, 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 Granby

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 Granby

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 Granby 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 Granby 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 Granby 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