5580 W 29th St, Greeley, CO 80634
Waiting List Forecast: Likely Short or None
Verified for 2023 by Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $770 - 1,080 per Month† | 1 - 3 Beds | 1 - 2 Baths | 698 - 1,034 Sq Ft |
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.
Welcome to the new Porter House Apartments, where you can find comfortable and affordable living. Porter House is a new 100-unit, Low-Income Housing Tax Credit community conveniently located in the quiet West T-Bone Neighborhood. It's just minutes away from schools, shopping, dining and entertainment with easy access to Highway 35 and I-25.
Our new community offers a mix of new one-, two-, and three-bedroom open plan, eco-friendly apartment homes. Our amenities include a new clubhouse, picnic areas, tennis court and playground on attractively landscaped grounds. It's a great place to call home!
Leasing restrictions apply to full-time students. Your current monthly income needs to be at least two times the monthly rent, unless you have a Section 8 voucher. We do accept Section 8 Vouchers.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Porter House Apartments does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. Since the property also utilizes a FHA insured private mortgage, the property is subject to Federal physical condition requirements and REAC inspections. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 698ft2 | $770† |
| 2 Bedroom (2/2) | 870ft2 | $931† |
| 3 Bedroom (3/2) | 1034ft2 | $1,080† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $36,700 / year | $41,950 / year | $47,200 / year | $52,400 / year | $56,600 / year | $60,800 / year |
| 50% AMI for PBRA Units | $36,700 / year | $41,950 / year | $47,200 / year | $52,400 / year | $56,600 / year | $60,800 / year |
| 60% AMI for LIHTC Units | $44,040 / year | $50,340 / year | $56,640 / year | $62,880 / year | $67,920 / year | $72,960 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Porter House Apartments have a waiting list?
Porter House Apartments 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 Porter House Apartments?
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.
What property management company manges Porter House Apartments?
Porter House Apartments is managed by Monroe Group Ltd. headquartered in Denver, Colorado.
In addition to Porter House Apartments, how many other affordable housing properties (and units) are there in Greeley?
In addition to Porter House Apartments, we list 24 other affordable properties in Greeley. Learn about these properties here. Our data research shows that there are a total of 1826 affordable units in Greeley.
When was the Porter House Apartments listing last updated?
Porter House Apartments listing on Affordable Housing Online was last updated on 01/01/2023 by Colleen Carter. Remember, a property's status can change so you should contact the property to confirm.
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