875 Main St, Grand Junction, CO 81501
Waiting List Forecast: Open Until Further Notice
Verified for 2024 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 Bed | 1 Bath | - |
Ratekin Tower Apartments and Walnut Park Apartments, 1-Bedroom Waiting List
The Grand Junction Housing Authority (GJHA) is accepting Senior and Disabled Section 8 Project Based Voucher waiting list applications for 1-Bedroom waiting list applications for Ratekin Tower Apartments and Walnut Park Apartments from the earliest confirmed open date of March 5, 2024, until further notice.
This waiting list is for the following properties:
There are two ways to apply while the waitlist is open:
Once the paper application has been completed, it can be mailed or hand delivered to the GJHA office at 8 Foresight, Grand Junction, CO 81505.
This waiting list has the following preferences:
Selected applicants will be placed on the waiting list by date and time the application has been received, by order of preferences.
For more information, visit the GJHA website.
Sources: This information was verified by the GJHA application page on March 5, 2024.
Go to the public housing authority page for this waiting list >>
Ratekin Tower is a six-story building offering 107 unfurnished one-bedroom apartments.
This property participates in the Section 8 Project-Based Rental Assistance program meaning the rent for many, if not all, units is based on a tenant's income. You would not pay more than 30% of your income for rent. To qualify, you must earn 50% or less of the Area Median Income (AMI), which you can find on this page’s income chart. Also, project-based Section 8 properties tend to have longer waiting lists, with some with waiting lists going out for years. This property was also financed through a HUD-insured private mortgage meaning the owner has oversight from both a private bank and HUD. This usually means Ratekin Towers is kept in good condition. Since this property has a project-based Section 8 contract, you won't need a Section 8 voucher to live here. If you have a voucher, you may have to give it up to live here.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Rent is Based On Your Income† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $18,300 / year | $20,900 / year | $24,860 / year | $30,000 / year | $35,140 / year | $40,280 / year | $45,420 / year | $50,560 / year |
| 50% AMI for LIHTC Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,500 / year | $47,000 / year | $50,500 / year | $53,950 / year | $57,450 / year |
| 50% AMI for PBRA Units | $30,450 / year | $34,800 / year | $39,150 / year | $43,500 / year | $47,000 / year | $50,500 / year | $53,950 / year | $57,450 / year |
| 80% AMI for PBRA Units | $48,750 / year | $55,700 / year | $62,650 / year | $69,600 / year | $75,200 / year | $80,750 / year | $86,350 / year | $91,900 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Ratekin Towers have a waiting list?
Ratekin Towers has a waiting list. See above for waiting list details.
Are rents subsidized at Ratekin Towers?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
In addition to Ratekin Towers, how many other affordable housing properties (and units) are there in Grand Junction?
In addition to Ratekin Towers, 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 Ratekin Towers listing last updated?
Ratekin Towers listing on Affordable Housing Online was last updated on 03/07/2024 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
1015 Grand Ave, Grand Junction, Colorado 81501
Preferences are not a requirement.
You should still consider applying to waiting lists with preferences you don't qualify for. There is still a chance to get housing.Eileen Savarese says:
"Affordable Housing Online has great information constantly coming in."