About This Property
Fountain Ridge comprises 36 units in Fountain, Colorado, with 17 designated as low-income housing. The property offers a mix of 24 two-bedroom and 12 three-bedroom units and has been in service since 1999. Financing includes tax-exempt bonds and 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Fountain
Eligibility depends on annual gross income, age or disability status, and US citizenship or eligible immigration status. Waitlists for Grinde Manor, Fountain Townhomes, and Fountain Mesa Court Townhomes are closed.
Local preference is given to families who live or work in Fountain, Security, or Widefield in El Paso County. Eligibility generally requires income not exceeding 50% of the median income for the community.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - El Paso 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 | $1,190 |
| 1 Bedroom | $1,408 |
| 2 Bedroom | $1,734 |
| 3 Bedroom | $2,444 |
| 4 Bedroom | $2,875 |
Income Limits - El Paso County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,300
- Very Low (50%)
- $28,850
- Low (80%)
- $46,150
- Extremely Low (30%)
- $19,800
- Very Low (50%)
- $33,000
- Low (80%)
- $52,750
- Extremely Low (30%)
- $22,250
- Very Low (50%)
- $37,100
- Low (80%)
- $59,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,800
- Low (80%)
- $76,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,100
- Low (80%)
- $81,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,400
- Low (80%)
- $87,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,300 | $28,850 | $46,150 |
| 2 Persons | $19,800 | $33,000 | $52,750 |
| 3 Persons | $22,250 | $37,100 | $59,350 |
| 4 Persons | $26,500 | $41,200 | $65,900 |
| 5 Persons | $31,040 | $44,500 | $71,200 |
| 6 Persons | $35,580 | $47,800 | $76,450 |
| 7 Persons | $40,120 | $51,100 | $81,750 |
| 8 Persons | $44,660 | $54,400 | $87,000 |
Advertisement
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fountain, CO?+
The Fair Market Rent (FMR) for El Paso County, CO is: $1190 (Studio), $1408 (1BR), $1734 (2BR), $2444 (3BR), $2875 (4BR). Actual rent at subsidized properties like Fountain Ridge is typically 30% of household income or less.
What size apartments are available at Fountain Ridge?+
Fountain Ridge offers the following unit types: 24 Two-Bedroom, 12 Three-Bedroom units, for a total of 36 units.
What are the income limits for affordable housing in El Paso County, CO?+
For a 4-person household in El Paso County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,200, Low Income (80% AMI): $65,900. These limits are set by HUD and updated annually.
Who manages Fountain Ridge?+
Fountain Ridge is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Fountain Ridge?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Fountain Ridge?+
Fountain Ridge 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.
What is the price range for apartments in Fountain, CO?+
Based on Fair Market Rent for El Paso County, the estimated price range is: 2-bedroom: $1734, 3-bedroom: $2444. Actual rent at Fountain Ridge may be lower for income-eligible households.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Fountain Ridge
Westmeadow Peaks
Colorado Springs, CO
216 UnitsHampton Village Apts
Colorado Springs, CO
120 Units
Fountain
Fountain, CO
40 UnitsSandcreek Apts (Colorado Springs)
Colorado Springs, CO
120 UnitsFountain Springs Apts
Colorado Springs, CO
228 UnitsSandcreek Apts Colorado Springs
Colorado Springs, CO
120 Units