Located at 1081 Adams in Silverthorne, CO. Nestled in the Rocky Mountains, one block from Highway 9 in Summit County, the Villa Sierra Madre Apartments offers 1, 2, and 3 bedroom apartment homes. There is easy access to I-70, as well as to local shopping and business districts. Free bus service is provided throughout the county with a bus stop on the property. The complex offers families affordable, high-quality living in a community atmosphere.
|1 Bedroom (1/1)||-||Income Based|
|2 Bedroom (2/1)||-||Income Based|
|3 Bedroom (3/1)||-||Income Based|
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.
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 Silverthorne but actual income limits may differ for units at Villa Sierra Madre.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person|
|Very Low Income (50%)||$33,650||$38,450||$43,250||$48,050||$51,900||$55,750|
|Low Income (60%)||$40,380||$46,140||$51,900||$57,660||$62,280||$66,900|
Villa Sierra Madre is managed by Archdiocesan Housing Inc. .