About This Property
Buffalo Ridge II is a 176-unit affordable housing community in Avon, Colorado that includes 132 low-income units serving families. The property features 44 studio units, 44 one-bedroom units, and 88 two-bedroom units and has been in service since 2003. The development was financed through tax-exempt bonds and FHA funding and utilizes 4% LIHTC credits.
Property Details
Fair Market Rent - Eagle 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 | $1,572 |
| 1 Bedroom | $1,765 |
| 2 Bedroom | $2,319 |
| 3 Bedroom | $2,809 |
| 4 Bedroom | $3,088 |
Income Limits - Eagle County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $21,000
- Very Low (50%)
- $35,000
- Low (80%)
- $56,000
- Extremely Low (30%)
- $24,000
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $27,000
- Very Low (50%)
- $45,000
- Low (80%)
- $72,000
- Extremely Low (30%)
- $30,000
- Very Low (50%)
- $50,000
- Low (80%)
- $80,000
- Extremely Low (30%)
- $32,400
- Very Low (50%)
- $54,000
- Low (80%)
- $86,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $58,000
- Low (80%)
- $92,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $62,000
- Low (80%)
- $99,200
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $66,000
- Low (80%)
- $105,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $21,000 | $35,000 | $56,000 |
| 2 Persons | $24,000 | $40,000 | $64,000 |
| 3 Persons | $27,000 | $45,000 | $72,000 |
| 4 Persons | $30,000 | $50,000 | $80,000 |
| 5 Persons | $32,400 | $54,000 | $86,400 |
| 6 Persons | $35,580 | $58,000 | $92,800 |
| 7 Persons | $40,120 | $62,000 | $99,200 |
| 8 Persons | $44,660 | $66,000 | $105,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Avon, CO?+
The Fair Market Rent (FMR) for Eagle County, CO is: $1572 (Studio), $1765 (1BR), $2319 (2BR), $2809 (3BR), $3088 (4BR). Actual rent at subsidized properties like Buffalo Ridge Ii is typically 30% of household income or less.
What size apartments are available at Buffalo Ridge Ii?+
Buffalo Ridge Ii offers the following unit types: 44 Studio, 44 One-Bedroom, 88 Two-Bedroom units, for a total of 176 units.
How do I apply for housing at Buffalo Ridge Ii?+
Buffalo Ridge Ii 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 Buffalo Ridge Ii?+
Buffalo Ridge Ii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Avon, CO?+
Based on Fair Market Rent for Eagle County, the estimated price range is: 1-bedroom: $1765, 2-bedroom: $2319. Actual rent at Buffalo Ridge Ii may be lower for income-eligible households.
Who is eligible to live at Buffalo Ridge Ii?+
Buffalo Ridge Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Eagle County, CO?+
For a 4-person household in Eagle County, CO, the income limits are: Extremely Low Income (30% AMI): $30,000, Very Low Income (50% AMI): $50,000, Low Income (80% AMI): $80,000. These limits are set by HUD and updated annually.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.