About This Property
Pinon Terrace comprises 66 units in Durango, Colorado, with 63 designated as low-income housing serving families. The community includes 16 one-bedroom, 38 two-bedroom, and 12 three-bedroom units and has been in operation since 2008. The property is non-profit owned and financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - La Plata 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 | $1,241 |
| 1 Bedroom | $1,402 |
| 2 Bedroom | $1,716 |
| 3 Bedroom | $2,123 |
| 4 Bedroom | $2,763 |
Income Limits - La Plata County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,450
- Very Low (50%)
- $30,700
- Low (80%)
- $49,150
- Extremely Low (30%)
- $21,050
- Very Low (50%)
- $35,100
- Low (80%)
- $56,150
- Extremely Low (30%)
- $23,700
- Very Low (50%)
- $39,500
- Low (80%)
- $63,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $43,850
- Low (80%)
- $70,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $47,400
- Low (80%)
- $75,800
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $50,900
- Low (80%)
- $81,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $54,400
- Low (80%)
- $87,000
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $57,900
- Low (80%)
- $92,600
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,450 | $30,700 | $49,150 |
| 2 Persons | $21,050 | $35,100 | $56,150 |
| 3 Persons | $23,700 | $39,500 | $63,150 |
| 4 Persons | $26,500 | $43,850 | $70,150 |
| 5 Persons | $31,040 | $47,400 | $75,800 |
| 6 Persons | $35,580 | $50,900 | $81,400 |
| 7 Persons | $40,120 | $54,400 | $87,000 |
| 8 Persons | $44,660 | $57,900 | $92,600 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Durango, CO?+
The Fair Market Rent (FMR) for La Plata County, CO is: $1241 (Studio), $1402 (1BR), $1716 (2BR), $2123 (3BR), $2763 (4BR). Actual rent at subsidized properties like Pinon Terrace is typically 30% of household income or less.
What size apartments are available at Pinon Terrace?+
Pinon Terrace offers the following unit types: 16 One-Bedroom, 38 Two-Bedroom, 12 Three-Bedroom units, for a total of 66 units.
What is the price range for apartments in Durango, CO?+
Based on Fair Market Rent for La Plata County, the estimated price range is: 1-bedroom: $1402, 2-bedroom: $1716, 3-bedroom: $2123. Actual rent at Pinon Terrace may be lower for income-eligible households.
How do I apply for housing at Pinon Terrace?+
Pinon Terrace 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 Pinon Terrace?+
Pinon Terrace is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in La Plata County, CO?+
For a 4-person household in La Plata County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $43,850, Low Income (80% AMI): $70,150. These limits are set by HUD and updated annually.
Who is eligible to live at Pinon Terrace?+
Pinon Terrace primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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