Mountain View Apartments CO Hap Inc is managed by HAP Housing.
Acquisition and rehabilitation of a 25-unit elderly housing project
Housing Stabilization Funds, assumption of original USDA Rural Development mortgages
Purchased and rehabilitated in 2003
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Hadley but actual income limits may differ for units at Mountain View Apartments CO Hap Inc.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
30% | $20,950 | $23,950 | $26,950 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
50% | $34,900 | $39,850 | $44,850 | $49,800 | $53,800 | $57,800 | $61,800 | $65,750 |
80% | $55,800 | $63,800 | $71,750 | $79,700 | $86,100 | $92,500 | $98,850 | $105,250 |
This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.
The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.