About This Property
South Fork Heights comprises 48 low-income residential units in South Fork, Colorado, with a unit mix of twelve 1-bedroom, thirty-four 2-bedroom, and two 4-bedroom apartments. The property was placed in service in 1991 and utilizes 4% Low-Income Housing Tax Credits to support affordability. The development serves households at or below area median income levels.
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 South Fork, 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 South Fork Heights is typically 30% of household income or less.
What size apartments are available at South Fork Heights?+
South Fork Heights offers the following unit types: 12 One-Bedroom, 34 Two-Bedroom, 2 Four-Bedroom units, for a total of 48 units.
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.
Who manages South Fork Heights?+
South Fork Heights is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at South Fork Heights?+
South Fork Heights 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 is the price range for apartments in South Fork, CO?+
Based on Fair Market Rent for Rio Grande County, the estimated price range is: 1-bedroom: $843, 2-bedroom: $1073. Actual rent at South Fork Heights may be lower for income-eligible households.