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Lara Lea Apartments

5540 S Elati St, Littleton, Colorado 80120

Lara Lea Apartments consist of 36 units located in Littleton . Three-story walk-up building with one-, two- and three bedroom units originally built in 1973. Residents include primarily individuals, small families, and seniors, including residents with special needs. Rents are restricted at 60% AMI and below. Quiet residential neighborhood with easy access to transportation, shopping and park.

Lara Lea Apartments Details

  • 36 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Nearby Amenities

  • Close to Public Transportation
  • Close to Shopping
  • Near Park

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Littleton Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Littleton but actual income limits may differ for units at Lara Lea Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $36,700 $41,950 $47,200 $52,400 $56,600 $60,800 $65,000 $69,200
Low Income (60%) $44,040 $50,340 $56,640 $62,880 $67,920 $72,960 $78,000 $83,040

Lara Lea Apartments is managed by Community Housing Development Association.

Image of Lara Lea Apartments

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