About This Property
Lakota Ridge Senior Housing provides 50 units of affordable housing for elderly residents in New Castle, Colorado, with 49 units designated as low-income housing. The property, which opened in 2019, offers a mix of 41 one-bedroom and 9 two-bedroom units and is financed through a 9% Low-Income Housing Tax Credit program. The community is managed to serve seniors seeking affordable rental housing in Garfield County.
Property Details
Fair Market Rent - Garfield 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 | $1,162 |
| 1 Bedroom | $1,170 |
| 2 Bedroom | $1,537 |
| 3 Bedroom | $2,166 |
| 4 Bedroom | $2,438 |
Income Limits - Garfield County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,550
- Very Low (50%)
- $30,950
- Low (80%)
- $49,500
- Extremely Low (30%)
- $21,200
- Very Low (50%)
- $35,350
- Low (80%)
- $56,550
- Extremely Low (30%)
- $23,850
- Very Low (50%)
- $39,750
- Low (80%)
- $63,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $44,150
- Low (80%)
- $70,650
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,700
- Low (80%)
- $76,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $51,250
- Low (80%)
- $82,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,750
- Low (80%)
- $87,650
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $58,300
- Low (80%)
- $93,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,550 | $30,950 | $49,500 |
| 2 Persons | $21,200 | $35,350 | $56,550 |
| 3 Persons | $23,850 | $39,750 | $63,600 |
| 4 Persons | $26,500 | $44,150 | $70,650 |
| 5 Persons | $31,040 | $47,700 | $76,350 |
| 6 Persons | $35,580 | $51,250 | $82,000 |
| 7 Persons | $40,120 | $54,750 | $87,650 |
| 8 Persons | $44,660 | $58,300 | $93,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in New Castle, CO?+
The Fair Market Rent (FMR) for Garfield County, CO is: $1162 (Studio), $1170 (1BR), $1537 (2BR), $2166 (3BR), $2438 (4BR). Actual rent at subsidized properties like Lakota Ridge Senior Housing is typically 30% of household income or less.
What size apartments are available at Lakota Ridge Senior Housing?+
Lakota Ridge Senior Housing offers the following unit types: 41 One-Bedroom, 9 Two-Bedroom units, for a total of 50 units.
How do I apply for housing at Lakota Ridge Senior Housing?+
Lakota Ridge Senior Housing 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 New Castle, CO?+
Based on Fair Market Rent for Garfield County, the estimated price range is: 1-bedroom: $1170, 2-bedroom: $1537. Actual rent at Lakota Ridge Senior Housing may be lower for income-eligible households.
What are the income limits for affordable housing in Garfield County, CO?+
For a 4-person household in Garfield County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $44,150, Low Income (80% AMI): $70,650. These limits are set by HUD and updated annually.
Who is eligible to live at Lakota Ridge Senior Housing?+
Lakota Ridge Senior Housing primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Lakota Ridge Senior Housing?+
Lakota Ridge Senior Housing is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
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Nearby Schools
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