Keystone, Colorado Affordable Housing

Waiting Lists in Keystone, Colorado

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

Keystone, Colorado Affordable Housing Data

Income Based Apartments in Keystone, Colorado

Keystone 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 Keystone, Colorado

There are 196 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Keystone.

Housing Choice Vouchers in Keystone, Colorado

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Keystone, Colorado for a two-bedroom apartment is between $1,674 and $2,046.

2023 Keystone, 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.

Sourced from federal housing data and AffordableHousingOnline.com research.

Keystone, CO Affordable Housing Snapshot

Population and Household Demographics

Keystone is a city in Summit County, Colorado with a population of 1,067. There are 446 households in the city with an average household size of 2.07 persons. 53.59% of households in Keystone are renters.

Income and Rent Overburden in Keystone

The median gross income for households in Keystone is $66,383 a year, or $5,532 a month. The median rent for the city is $0 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Keystone, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Keystone.

Area Median Income In Keystone

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 Keystone, the AMI is calculated from all households within Summit County.

In Keystone, HUD calculates the Area Median Income for a family of four as $99,800

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 Keystone

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 Keystone