About This Property
Sunshine Peak Apts I comprises 49 units in Montrose, Colorado, with 48 designated as low-income housing. The property, placed in service in 2007, includes 10 one-bedroom, 29 two-bedroom, and 10 three-bedroom units that serve families. The development is funded through HOME program assistance and receives 9% Low-Income Housing Tax Credit financing.
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 Sunshine Peak Apts I is typically 30% of household income or less.
What size apartments are available at Sunshine Peak Apts I?+
Sunshine Peak Apts I offers the following unit types: 10 One-Bedroom, 29 Two-Bedroom, 10 Three-Bedroom units, for a total of 49 units.
How do I apply for housing at Sunshine Peak Apts I?+
Sunshine Peak Apts I 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 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.
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, 2-bedroom: $1209, 3-bedroom: $1704. Actual rent at Sunshine Peak Apts I may be lower for income-eligible households.
Who is eligible to live at Sunshine Peak Apts I?+
Sunshine Peak Apts I primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Sunshine Peak Apts I?+
Sunshine Peak Apts I is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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