Affordable Housing In Silverton
San Juan County,
Section 8 Vouchers, Apartments, and Waiting Lists in Silverton, 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.
Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.
Public Housing Agencies Serving Silverton, Colorado
|Housing Solutions for the Southwest||Section 8 Housing Choice Voucher (HCV); Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)|
Guide To Affordable Housing in Silverton, Colorado
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Silverton, Colorado.
Income Based Apartments in Silverton, Colorado
Silverton features 0 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 Silverton, Colorado
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Silverton.
Housing Choice Vouchers in Silverton, Colorado
On average, Section 8 Housing Choice vouchers pay Silverton landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Silverton.
Sourced from federal housing data and AffordableHousingOnline.com research.
Area Median Income In Silverton
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 Silverton, the AMI is calculated from all households within San Juan County.
In Silverton, HUD calculates the Area Median Income for a family of four as $66,100
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 Silverton
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 Silverton
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|30% AMI Income Limits
Renters earning up to 30% of the Silverton AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Silverton AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Silverton AMI may qualify for rental assistance programs that target Low Income households.