About This Property
Valle De Merced offers 46 low-income housing units in Durango, CO, with a mix of one-, two-, and three-bedroom apartments serving families. The property has been in service since 2004 and is funded through 9% Low-Income Housing Tax Credits. The unit mix includes 17 one-bedroom, 23 two-bedroom, and 6 three-bedroom units.
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 Valle De Merced is typically 30% of household income or less.
What size apartments are available at Valle De Merced?+
Valle De Merced offers the following unit types: 17 One-Bedroom, 23 Two-Bedroom, 6 Three-Bedroom units, for a total of 46 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 Valle De Merced may be lower for income-eligible households.
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 manages Valle De Merced?+
Valle De Merced is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Valle De Merced?+
Valle De Merced primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Valle De Merced?+
Valle De Merced 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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