Kremmling, Colorado Affordable Housing

Affordable Housing programs support 20 income based apartments in Kremmling where households pay rent based on how much they earn.

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

Waiting Lists in Kremmling, Colorado

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

Silver Spruce Apartments

106 S 6th St
Kremmling, Colorado
Rent Assisted
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Affordable Housing Near Kremmling

View affordable apartments and waiting lists in cities near Kremmling

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

Public Housing Agencies Serving Kremmling, 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 Kremmling.

Kremmling, Colorado Affordable Housing Data

Income Based Apartments in Kremmling, Colorado

Kremmling features 20 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 Kremmling, Colorado

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

Housing Choice Vouchers in Kremmling, Colorado

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

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

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

Kremmling, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 1
Total Low Income Apartments 20
Total Housing Units with Rental Assistance 20
Percentage of Housing Units Occupied By Renters 45.58%
Average Renter Household Size 4.19
Average Household Size 3.29
Median Household Income $58,500 ±$11,130
Median Rent $1,035 ±$119
Percentage Of Renters Overburdened 46.37% ± 14.1pp
Total Population 2,090

Population and Household Demographics

Kremmling is a city in Grand County, Colorado with a population of 2,090. There are 634 households in the city with an average household size of 3.29 persons. 45.58% of households in Kremmling are renters.

Income and Rent Overburden in Kremmling

The median gross income for households in Kremmling is $58,500 a year, or $4,875 a month. The median rent for the city is $1,035 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Kremmling, a household making less than $3,450 a month would be considered overburdened when renting an apartment at or above the median rent. 46.37% of households who rent are overburdened in Kremmling.

Area Median Income In Kremmling

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

In Kremmling, 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 Kremmling

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 Kremmling

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 Kremmling 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 Kremmling 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 Kremmling 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