About This Property
West View Villas comprises 24 units in Monte Vista, Colorado, with 23 designated as low-income housing. The property includes eight 2-bedroom and sixteen 3-bedroom units and has been in service since 2002. The development utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Rio Grande 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 | $842 |
| 1 Bedroom | $843 |
| 2 Bedroom | $1,073 |
| 3 Bedroom | $1,297 |
| 4 Bedroom | $1,728 |
Income Limits - Rio Grande 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 Monte Vista, CO?+
The Fair Market Rent (FMR) for Rio Grande County, CO is: $842 (Studio), $843 (1BR), $1073 (2BR), $1297 (3BR), $1728 (4BR). Actual rent at subsidized properties like West View Villas is typically 30% of household income or less.
What size apartments are available at West View Villas?+
West View Villas offers the following unit types: 8 Two-Bedroom, 16 Three-Bedroom units, for a total of 24 units.
What is the price range for apartments in Monte Vista, CO?+
Based on Fair Market Rent for Rio Grande County, the estimated price range is: 2-bedroom: $1073, 3-bedroom: $1297. Actual rent at West View Villas may be lower for income-eligible households.
What are the income limits for affordable housing in Rio Grande County, CO?+
For a 4-person household in Rio Grande 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.
How do I apply for housing at West View Villas?+
West View Villas 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 West View Villas?+
West View Villas is managed by . You can reach them at . Visit their website for more information.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.