RESIDENCES AT PANORAMA POINTE

2590 W. 83rd Way, Westminster, Colorado 80031

Located in Westminster, Colorado, The Residences at Panorama Pointe offer:

 

  • 72 units – independent senior living
  • 61,800 square feet
  • 12,600 square foot common areas
  • Amenities include a private dining room, exercise facilities, beauty salon and computer room
  • Financed using Tax Credits and HOME funds from the City of Westminster

RESIDENCES AT PANORAMA POINTE Details

  • 72 bedroom units.
  • HOME Investment Partnerships Program
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Fitness Center
  • Barber Shop and Beauty Salon
  • Computer Room

Unit Amenities

  • Scenic View

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

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.

Westminster Low-Income Housing Tax Credit Income Limits

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 Westminster but actual income limits may differ for units at RESIDENCES AT PANORAMA POINTE.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Low Income (60%) $49,260 $56,280 $63,300 $70,320 $75,960 $81,600 $87,240 $92,880
Image of RESIDENCES AT PANORAMA POINTE
Image of RESIDENCES AT PANORAMA POINTE

Nearby Low Income Apartment Communities

Walnut Creek Apartments

10350 Dover St
Westminster, Colorado
$1,260-1,800
1-3 BR
Affordable

Westbury Apartments

1585 W 115th Ave
Westminster, Colorado
Call For Rent
1-2 BR
Affordable

Glendale Apartments

5345 W 79th Ave
Westminster, Colorado
$1,416-1,824
2-4 BR
Affordable

Hidden Lakes Homes

5430 W 73rd Ave
Westminster, Colorado
Income Based
1-2 BR
Affordable