518 Coffman St, Longmont, CO 80501
Waiting List Forecast: Likely Short or None
Verified for 2023 by Connor Bailey, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 632 - 1,299 Sq Ft |
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.
The Spoke on Coffman offers 1-bedroom, 2-bedroom, and 3-bedroom apartments. Each unit features energy-efficient appliances, luxury vinyl tile, in-home washer/dryer, and patios for ground-level residents. Property amenities include an elevator, natural-gas-powered heating and cooling systems, internal courtyard, and parking garage with electric vehicle charging stations. The Spoke on Coffman is surrounded by shopping, restaurants and cafés, entertainment, parks, and schools, with municipal offices and services including a recreation center, senior center and library located near the site. The community is also situated a few blocks from a regional transit center.
Because The Spoke on Coffman participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, 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) | 632ft2 | Call for Price† |
| Two Bedroom (2/2) | 967ft2 | Call for Price† |
| Three Bedroom (3/2) | 1299ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $46,500 / year | $53,150 / year | $59,800 / year | $66,400 / year | $71,750 / year | $77,050 / year |
| 50% AMI for PBRA Units | $46,500 / year | $53,150 / year | $59,800 / year | $66,400 / year | $71,750 / year | $77,050 / year |
| 60% AMI for LIHTC Units | $55,800 / year | $63,780 / year | $71,760 / year | $79,680 / year | $86,100 / year | $92,460 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does The Spoke on Coffman have a waiting list?
The Spoke on Coffman 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 The Spoke on Coffman?
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.
In addition to The Spoke on Coffman, how many other affordable housing properties (and units) are there in Longmont?
In addition to The Spoke on Coffman, we list 32 other affordable properties in Longmont. Learn about these properties here. Our data research shows that there are a total of 2059 affordable units in Longmont.
When was the The Spoke on Coffman listing last updated?
The Spoke on Coffman listing on Affordable Housing Online was last updated on 11/21/2023 by Connor Bailey. Remember, a property's status can change so you should contact the property to confirm.
Applying for housing with bad credit.
Some housing assistance programs require a credit check, including Low-Income Housing Tax Credit apartments. Having bad credit may make you ineligible.Candice Bishop says:
"I love that I can get emails from Affordable Housing Online, letting me know when there are more waiting list openings. Thank you!"
