About This Property
San Juan Apts Montrose comprises 76 one-bedroom units designated for low-income elderly residents in Montrose, Colorado. The property was placed in service in 2006 and utilizes 9% Low-Income Housing Tax Credits to support affordability. This multifamily community serves seniors seeking affordable housing options in Montrose County.
Property Details
Fair Market Rent - Montrose 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 | $914 |
| 1 Bedroom | $920 |
| 2 Bedroom | $1,209 |
| 3 Bedroom | $1,704 |
| 4 Bedroom | $2,052 |
Income Limits - Montrose County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,450
- Very Low (50%)
- $25,750
- Low (80%)
- $41,200
- Extremely Low (30%)
- $17,650
- Very Low (50%)
- $29,400
- Low (80%)
- $47,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,750
- Low (80%)
- $58,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,700
- Low (80%)
- $63,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,650
- Low (80%)
- $68,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,600
- Low (80%)
- $72,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,550
- Low (80%)
- $77,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,450 | $25,750 | $41,200 |
| 2 Persons | $17,650 | $29,400 | $47,050 |
| 3 Persons | $21,960 | $33,100 | $52,950 |
| 4 Persons | $26,500 | $36,750 | $58,800 |
| 5 Persons | $31,040 | $39,700 | $63,550 |
| 6 Persons | $35,580 | $42,650 | $68,250 |
| 7 Persons | $40,120 | $45,600 | $72,950 |
| 8 Persons | $44,660 | $48,550 | $77,650 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Montrose, CO?+
The Fair Market Rent (FMR) for Montrose County, CO is: $914 (Studio), $920 (1BR), $1209 (2BR), $1704 (3BR), $2052 (4BR). Actual rent at subsidized properties like San Juan Apts Montrose is typically 30% of household income or less.
What size apartments are available at San Juan Apts Montrose?+
San Juan Apts Montrose offers the following unit types: 76 One-Bedroom units, for a total of 76 units.
How do I apply for housing at San Juan Apts Montrose?+
San Juan Apts Montrose 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 San Juan Apts Montrose?+
San Juan Apts Montrose is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Montrose, CO?+
Based on Fair Market Rent for Montrose County, the estimated price range is: 1-bedroom: $920. Actual rent at San Juan Apts Montrose may be lower for income-eligible households.
What are the income limits for affordable housing in Montrose County, CO?+
For a 4-person household in Montrose County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,750, Low Income (80% AMI): $58,800. These limits are set by HUD and updated annually.
Who is eligible to live at San Juan Apts Montrose?+
San Juan Apts Montrose primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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