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 |
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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 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.
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.