40 West Residences, Lakewood, CO 80214
Waiting List Forecast: Likely Short or None
Verified for 2019 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 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.
40 West Residences is a four story, 46,663 square foot building comprised of 54 one bedrooms and 6 two bedrooms. Twenty-five of those units are set aside for homeless US Military veterans and one two-bedroom unit will be set aside for the property manager. The remaining 34 units will be reserved for single persons or couples who meet the income requirements.
In partnership with the VA, the Colorado Division of Housing and HUD, Archway was awarded 25 project based VASH Vouchers to serve the veterans who are homeless. Archway has also partnered with Jefferson Center for Mental Health, VA-Eastern +- and Rocky Mountain Human Services to provide critical services for veterans. These partnerships and the construction of 40 West Residences will reduce the delays in housing placement for homeless veterans and increase housing choice for veterans, especially at a time when affordable housing options are limited.
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 40 West Residences 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.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | - | Call for Price† |
| Two Bedroom (2/1) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people |
|---|---|---|---|---|
| 50% AMI for LIHTC Units | $43,450 / year | $49,650 / year | $55,850 / year | $62,050 / year |
| 50% AMI for PBRA Units | $43,450 / year | $49,650 / year | $55,850 / year | $62,050 / year |
| 60% AMI for LIHTC Units | $52,140 / year | $59,580 / year | $67,020 / year | $74,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does 40 West Residences have a waiting list?
40 West Residences 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 40 West Residences?
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 40 West Residences?
40 West Residences is managed by Archway Housing & Services headquartered in Lakewood, CO.
In addition to 40 West Residences, how many other affordable housing properties (and units) are there in Lakewood?
In addition to 40 West Residences, we list 136 other affordable properties in Lakewood. Learn about these properties here. Our data research shows that there are a total of 2903 affordable units in Lakewood.
6150 W 13th Ave, Lakewood, Colorado 80214
935 Sheridan Blvd, Lakewood, Colorado 80214
1388 Garrison St, Lakewood, Colorado 80215
693 Urban Ct, Lakewood, Colorado 80401
Know your rights as a Section 8 tenant.
Some states and local governments have laws that protect renters with a Section 8 voucher who are looking for an available unit. Check your local laws.Vickie Fields-Byrd says:
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