Affordable Housing In Routt County
7 Low Income Apartment Communities In Routt County
Housing Authorities that serve Routt County
|Grand County Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Homeownership Voucher; Section 8 Project-Based Rental Assistance (PBRA)|
Guide To Affordable Housing in Routt County, Colorado
There are 7 low income housing apartment communities offering 394 affordable apartments for rent in Routt County, Colorado.
Income Based Apartments in Routt County, Colorado
Routt County features 24 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 Routt County, Colorado
There are 370 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Routt County.
Housing Choice Vouchers in Routt County, Colorado
On average, Section 8 Housing Choice vouchers pay Routt County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Routt County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Routt County, Colorado for a two-bedroom apartment is between $1,256 and $1,535.
2021 Routt 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|
|Routt County, Colorado Fair Market Rent||$1,052||$1,059||$1,395||$1,796||$2,415|
|Routt County, Colorado Payment Standard Range||$947 to $1,157||$953 to $1,165||$1,256 to $1,535||$1,616 to $1,976||$2,174 to $2,657|
Sourced from federal housing data and AffordableHousingOnline.com research.
Routt County, CO Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||394|
|Total Housing Units with Rental Assistance||24|
|Percentage of Housing Units Occupied By Renters||30.88%|
|Average Renter Household Size||2.64|
|Average Household Size||2.46|
|Median Household Income||$64,963 ±$5,211|
|Median Rent||$1,137 ±$49|
|Percentage Of Renters Overburdened||47.22% ± 6.37pp|
Population and Household Demographics
Routt County is a county in Colorado with a population of 23,606. There are 9,431 households in the county with an average household size of 2.46 persons. 30.88% of households in Routt County are renters.
Income and Rent Overburden in Routt County
The median gross income for households in Routt County is $64,963 a year, or $5,414 a month. The median rent for the county is $1,137 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Routt County, a household making less than $3,790 a month would be considered overburdened when renting an apartment at or above the median rent. 47.22% of households who rent are overburdened in Routt County.
Area Median Income In Routt 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 Routt County, HUD calculates the Area Median Income for a family of four as $87,200
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 Routt 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 Routt 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 Routt County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Routt County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Routt County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Routt County
Select A City to View its Apartment Communities and Waiting Lists.
|Hayden||The HUD funded Public Housing Agency that serves Hayden is the Grand County Housing Authority.|
|Oak Creek||The HUD funded Public Housing Agency that serves Oak Creek is the Grand County Housing Authority.|
|Phippsburg||The HUD funded Public Housing Agency that serves Phippsburg is the Grand County Housing Authority.|
|Steamboat Springs||The HUD funded Public Housing Agency that serves Steamboat Springs is the Grand County Housing Authority.|
|Yampa||The HUD funded Public Housing Agency that serves Yampa is the Grand County Housing Authority.|