2814 Patterson Rd., Grand Junction, CO 81506
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $371 - 910 per Month† | 1 - 2 Beds | 1 Bath | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
2814 is an attractive multi-family rental development located at 2814 Patterson Road. It opened in April 2021 and adds beautiful new apartments in central Grand Junction. Conveniently located just off Patterson and 28 ¼ Road, 2814 is easily accessible to shopping and located in the Orchard Avenue Elementary, East Middle School and Grand Junction High School districts.
Because 2814 participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | $371 $910† |
| Two Bedroom (2/1) | - | $371 $910† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,500 / year |
| 50% AMI for PBRA Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,500 / year |
| 60% AMI for LIHTC Units | $36,540 / year | $41,760 / year | $46,980 / year | $52,200 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 2814 have a waiting list?
2814 probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at 2814?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
In addition to 2814, how many other affordable housing properties (and units) are there in Grand Junction?
In addition to 2814, we list 26 other affordable properties in Grand Junction. Learn about these properties here. Our data research shows that there are a total of 1339 affordable units in Grand Junction.
When was the 2814 listing last updated?
2814 listing on Affordable Housing Online was last updated on 02/02/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
1015 Grand Ave, Grand Junction, Colorado 81501
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