About This Property
Woodgate Trails offers 50 low-income rental units in Montrose, Colorado, with a mix of 38 one-bedroom and 12 two-bedroom apartments. The property has been in service since 2019 and is funded through 9% Low-Income Housing Tax Credits. This community serves elderly residents.
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 Woodgate Trails is typically 30% of household income or less.
What size apartments are available at Woodgate Trails?+
Woodgate Trails offers the following unit types: 38 One-Bedroom, 12 Two-Bedroom units, for a total of 50 units.
Who manages Woodgate Trails?+
Woodgate Trails 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, 2-bedroom: $1209. Actual rent at Woodgate Trails 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 Woodgate Trails?+
Woodgate Trails primarily serves elderly residents. 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 Woodgate Trails?+
Woodgate Trails 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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