About This Property
Collegiate Commons offers 48 low-income residential units in Buena Vista, Colorado, serving families with a mix of one-, two-, and three-bedroom apartments. The property was placed in service in 2018 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. The community contains 18 one-bedroom, 24 two-bedroom, and 6 three-bedroom units.
Property Details
Fair Market Rent - Chaffee County, CO
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,079 |
| 1 Bedroom | $1,086 |
| 2 Bedroom | $1,427 |
| 3 Bedroom | $1,992 |
| 4 Bedroom | $2,422 |
Income Limits - Chaffee County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,450
- Very Low (50%)
- $25,750
- Low (80%)
- $41,200
- Extremely Low (30%)
- $17,650
- Very Low (50%)
- $29,400
- Low (80%)
- $47,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,750
- Low (80%)
- $58,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,700
- Low (80%)
- $63,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,650
- Low (80%)
- $68,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,600
- Low (80%)
- $72,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,550
- Low (80%)
- $77,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,450 | $25,750 | $41,200 |
| 2 Persons | $17,650 | $29,400 | $47,050 |
| 3 Persons | $21,960 | $33,100 | $52,950 |
| 4 Persons | $26,500 | $36,750 | $58,800 |
| 5 Persons | $31,040 | $39,700 | $63,550 |
| 6 Persons | $35,580 | $42,650 | $68,250 |
| 7 Persons | $40,120 | $45,600 | $72,950 |
| 8 Persons | $44,660 | $48,550 | $77,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Buena Vista, CO?+
The Fair Market Rent (FMR) for Chaffee County, CO is: $1079 (Studio), $1086 (1BR), $1427 (2BR), $1992 (3BR), $2422 (4BR). Actual rent at subsidized properties like Collegiate Commons is typically 30% of household income or less.
What size apartments are available at Collegiate Commons?+
Collegiate Commons offers the following unit types: 18 One-Bedroom, 24 Two-Bedroom, 6 Three-Bedroom units, for a total of 48 units.
What are the income limits for affordable housing in Chaffee County, CO?+
For a 4-person household in Chaffee County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,750, Low Income (80% AMI): $58,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Buena Vista, CO?+
Based on Fair Market Rent for Chaffee County, the estimated price range is: 1-bedroom: $1086, 2-bedroom: $1427, 3-bedroom: $1992. Actual rent at Collegiate Commons may be lower for income-eligible households.
How do I apply for housing at Collegiate Commons?+
Collegiate Commons is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who manages Collegiate Commons?+
Collegiate Commons is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Collegiate Commons?+
Collegiate Commons primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.