Affordable Housing In Larimer County
Colorado
70 Low Income Apartment Communities In Larimer County
Housing Authorities that serve Larimer County
| Housing Authority | Programs |
|---|---|
| Larimer County Housing Authority | Section 8 Housing Choice Voucher (HCV) |
| Housing Catalyst | Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD) |
Guide To Affordable Housing in Larimer County, Colorado
There are 70 low income housing apartment communities offering 5,167 affordable apartments for rent in Larimer County, Colorado.
Income Based Apartments in Larimer County, Colorado
Larimer County features 1,441 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 Larimer County, Colorado
There are 3,726 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Larimer County.
Housing Choice Vouchers in Larimer County, Colorado
On average, Section 8 Housing Choice vouchers pay Larimer County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Larimer County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Larimer County, Colorado for a two-bedroom apartment is between $1,216 and $1,486.
2021 Larimer County, 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 | |
|---|---|---|---|---|---|
| Larimer County, Colorado Fair Market Rent | $1,004 | $1,096 | $1,351 | $1,933 | $2,339 |
| Larimer County, Colorado Payment Standard Range | $904 to $1,104 | $986 to $1,206 | $1,216 to $1,486 | $1,740 to $2,126 | $2,105 to $2,573 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Larimer County, CO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 70 |
|---|---|
| Total Low Income Apartments | 5,167 |
| Total Housing Units with Rental Assistance | 1,441 |
| Percentage of Housing Units Occupied By Renters | 35.86% |
| Average Renter Household Size | 2.32 |
| Average Household Size | 2.47 |
| Median Household Income | $59,805 ±$1,055 |
| Median Rent | $1,035 ±$19 |
| Percentage Of Renters Overburdened | 54.51% ± 2.03pp |
| Total Population | 318,227 |
Population and Household Demographics
Larimer County is a county in Colorado with a population of 318,227. There are 125,138 households in the county with an average household size of 2.47 persons. 35.86% of households in Larimer County are renters.
Income and Rent Overburden in Larimer County
The median gross income for households in Larimer County is $59,805 a year, or $4,984 a month. The median rent for the county is $1,035 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Larimer County, a household making less than $3,450 a month would be considered overburdened when renting an apartment at or above the median rent. 54.51% of households who rent are overburdened in Larimer County.
Area Median Income In Larimer County
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.
In Larimer County, HUD calculates the Area Median Income for a family of four as $99,400
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 Larimer County
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 Larimer County
| 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 Larimer County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$19,800 | $22,600 | $25,450 | $28,250 | $30,680 | $35,160 | $39,640 | $44,120 |
| 50% AMI Income Limits Renters earning up to 50% of the Larimer County AMI may qualify for rental assistance programs that target Very Low Income households. |
$32,950 | $37,650 | $42,350 | $47,050 | $50,850 | $54,600 | $58,350 | $62,150 |
| 80% AMI Income Limits Renters earning up to 80% of the Larimer County AMI may qualify for rental assistance programs that target Low Income households. |
$52,700 | $60,200 | $67,750 | $75,250 | $81,300 | $87,300 | $93,350 | $99,350 |
Cities In Larimer County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Served By |
|---|---|
| Berthoud | The HUD funded Public Housing Agencies that serve Berthoud are the Larimer County Housing Authority and Housing Catalyst. |
| Estes Park | The HUD funded Public Housing Agencies that serve Estes Park are the Larimer County Housing Authority, Estes Park Housing Authority and Housing Catalyst. |
| Fort Collins | The HUD funded Public Housing Agencies that serve Fort Collins are the Housing Catalyst and Larimer County Housing Authority. |
| Johnstown | The HUD funded Public Housing Agencies that serve Johnstown are the Larimer County Housing Authority and Housing Catalyst. |
| Laporte | The HUD funded Public Housing Agencies that serve Laporte are the Larimer County Housing Authority and Housing Catalyst. |
| Loveland | The HUD funded Public Housing Agencies that serve Loveland are the Loveland Housing Authority, Larimer County Housing Authority and Housing Catalyst. |
| Red Feather Lakes | The HUD funded Public Housing Agencies that serve Red Feather Lakes are the Larimer County Housing Authority and Housing Catalyst. |
| Timnath | The HUD funded Public Housing Agencies that serve Timnath are the Larimer County Housing Authority and Housing Catalyst. |
| Wellington | The HUD funded Public Housing Agencies that serve Wellington are the Wellington Housing Authority, Larimer County Housing Authority and Housing Catalyst. |
| Windsor | The HUD funded Public Housing Agencies that serve Windsor are the Larimer County Housing Authority and Housing Catalyst. |
