Affordable Housing In Montezuma County
Colorado
12 Low Income Apartment Communities In Montezuma County
Housing Authorities that serve Montezuma County
| Housing Authority | Programs |
|---|---|
| Housing Authority of the County of Montezuma | Section 8 Housing Choice Voucher (HCV); Public Housing |
Guide To Affordable Housing in Montezuma County, Colorado
There are 12 low income housing apartment communities offering 419 affordable apartments for rent in Montezuma County, Colorado.
Income Based Apartments in Montezuma County, Colorado
Montezuma County features 299 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 Montezuma County, Colorado
There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montezuma County.
Housing Choice Vouchers in Montezuma County, Colorado
On average, Section 8 Housing Choice vouchers pay Montezuma County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Montezuma County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Montezuma County, Colorado for a two-bedroom apartment is between $816 and $998.
2021 Montezuma 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 | |
|---|---|---|---|---|---|
| Montezuma County, Colorado Fair Market Rent | $684 | $688 | $907 | $1,151 | $1,429 |
| Montezuma County, Colorado Payment Standard Range | $616 to $752 | $619 to $757 | $816 to $998 | $1,036 to $1,266 | $1,286 to $1,572 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Montezuma County, CO Affordable Housing Snapshot
| Total Affordable Apartment Properties | 12 |
|---|---|
| Total Low Income Apartments | 419 |
| Total Housing Units with Rental Assistance | 299 |
| Percentage of Housing Units Occupied By Renters | 29.62% |
| Average Renter Household Size | 2.82 |
| Average Household Size | 2.44 |
| Median Household Income | $43,553 ±$2,152 |
| Median Rent | $775 ±$60 |
| Percentage Of Renters Overburdened | 42.22% ± 5.47pp |
| Total Population | 25,700 |
Population and Household Demographics
Montezuma County is a county in Colorado with a population of 25,700. There are 10,417 households in the county with an average household size of 2.44 persons. 29.62% of households in Montezuma County are renters.
Income and Rent Overburden in Montezuma County
The median gross income for households in Montezuma County is $43,553 a year, or $3,629 a month. The median rent for the county is $775 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montezuma County, a household making less than $2,583 a month would be considered overburdened when renting an apartment at or above the median rent. 42.22% of households who rent are overburdened in Montezuma County.
Area Median Income In Montezuma 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 Montezuma County, HUD calculates the Area Median Income for a family of four as $59,200
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 Montezuma 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 Montezuma 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 Montezuma County AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,950 | $17,240 | $21,720 | $26,200 | $30,680 | $35,160 | $39,640 | $44,120 |
| 50% AMI Income Limits Renters earning up to 50% of the Montezuma County AMI may qualify for rental assistance programs that target Very Low Income households. |
$24,850 | $28,400 | $31,950 | $35,500 | $38,350 | $41,200 | $44,050 | $46,900 |
| 80% AMI Income Limits Renters earning up to 80% of the Montezuma County AMI may qualify for rental assistance programs that target Low Income households. |
$39,800 | $45,450 | $51,150 | $56,800 | $61,350 | $65,900 | $70,450 | $75,000 |
Cities In Montezuma County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Served By |
|---|---|
| Cortez | The HUD funded Public Housing Agency that serves Cortez is the Housing Authority of the County of Montezuma. |
| Dolores | The HUD funded Public Housing Agency that serves Dolores is the Housing Authority of the County of Montezuma. |
| Lewis | The HUD funded Public Housing Agency that serves Lewis is the Housing Authority of the County of Montezuma. |
| Mancos | The HUD funded Public Housing Agency that serves Mancos is the Housing Authority of the County of Montezuma. |
| Towaoc | The HUD funded Public Housing Agency that serves Towaoc is the Housing Authority of the County of Montezuma. |
