Salida, Colorado Affordable Housing

Affordable Housing programs support 50 income based apartments in Salida where households pay rent based on how much they earn.

There are 78 affordable apartments in Salida that offer reduced rents to low-income households.

Waiting Lists in Salida, Colorado

There are two Section 8 Housing Choice Voucher waiting lists open in Salida.

Go to the Colorado Section 8 Waiting Lists page for more openings near Salida.

Salida Apartments

530 Teller St
Salida, Colorado
Affordable

Mt Shavano Manor

525 W 16th St
Salida, Colorado

River Bend Apartments

1500 Holman Ave
Salida, Colorado
Affordable
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Affordable Housing Near Salida

View affordable apartments and waiting lists in cities near Salida

City Apartments
Buena Vista, CO Affordable Housing programs support 2 apartment communities in Buena Vista.
Poncha Springs, CO Affordable Housing programs support 2 apartment communities in Poncha Springs.

Public Housing Agencies Serving Salida, Colorado

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Housing Authority of the City of Salida Public Housing
Upper Arkansas Area Council of Governments Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency; Mainstream Voucher
Go to the Colorado Public Housing and Low-Income Apartments Waiting Lists page for openings near Salida.

Salida, Colorado Affordable Housing Data

Income Based Apartments in Salida, Colorado

Salida features 50 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 Salida, Colorado

There are 78 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salida.

Housing Choice Vouchers in Salida, Colorado

On average, Section 8 Housing Choice vouchers pay Salida landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Salida.

The maximum amount a voucher would pay on behalf of a low-income tenant in Salida, Colorado for a two-bedroom apartment is between $1,058 and $1,294.

2023 Salida, 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
Salida, Colorado Fair Market Rent $861 $1,041 $1,176 $1,545 $2,003
Salida, Colorado Payment Standard Range $775 to $947 $937 to $1,145 $1,058 to $1,294 $1,391 to $1,700 $1,803 to $2,203

Sourced from federal housing data and AffordableHousingOnline.com research.

Salida, CO Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 128
Total Housing Units with Rental Assistance 50
Percentage of Housing Units Occupied By Renters 27.28%
Average Renter Household Size 2.07
Average Household Size 2.05
Median Household Income $40,801 ±$4,101
Median Rent $710 ±$103
Percentage Of Renters Overburdened 45.86% ± 13.09pp
Total Population 5,373

Population and Household Demographics

Salida is a city in Chaffee County, Colorado with a population of 5,373. There are 2,526 households in the city with an average household size of 2.05 persons. 27.28% of households in Salida are renters.

Income and Rent Overburden in Salida

The median gross income for households in Salida is $40,801 a year, or $3,400 a month. The median rent for the city is $710 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Salida, a household making less than $2,367 a month would be considered overburdened when renting an apartment at or above the median rent. 45.86% of households who rent are overburdened in Salida.

Area Median Income In Salida

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Salida, the AMI is calculated from all households within Chaffee County.

In Salida, HUD calculates the Area Median Income for a family of four as $79,800

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 Salida

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 Salida

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 Salida AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,300 $19,750 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Salida AMI may qualify for rental assistance programs that target Very Low Income households.
$28,800 $32,900 $37,000 $41,100 $44,400 $47,700 $51,000 $54,300
80% AMI Income Limits
Renters earning up to 80% of the Salida AMI may qualify for rental assistance programs that target Low Income households.
$46,050 $52,600 $59,200 $65,750 $71,050 $76,300 $81,550 $86,800