About This Property
Cottonwood Creek Estates contains 30 four-bedroom units designated for low-income households in Norwood, Colorado. The property was placed in service in 1999 and receives 9% Low-Income Housing Tax Credit financing. The community is managed by [manager information unavailable].
Property Details
Fair Market Rent - San Miguel 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 | $1,312 |
| 1 Bedroom | $1,473 |
| 2 Bedroom | $1,936 |
| 3 Bedroom | $2,341 |
| 4 Bedroom | $3,117 |
Income Limits - San Miguel County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $18,000
- Very Low (50%)
- $29,950
- Low (80%)
- $47,900
- Extremely Low (30%)
- $20,550
- Very Low (50%)
- $34,200
- Low (80%)
- $54,750
- Extremely Low (30%)
- $23,100
- Very Low (50%)
- $38,500
- Low (80%)
- $61,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $42,750
- Low (80%)
- $68,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $46,200
- Low (80%)
- $73,900
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $49,600
- Low (80%)
- $79,350
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $53,050
- Low (80%)
- $84,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $56,450
- Low (80%)
- $90,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $18,000 | $29,950 | $47,900 |
| 2 Persons | $20,550 | $34,200 | $54,750 |
| 3 Persons | $23,100 | $38,500 | $61,600 |
| 4 Persons | $26,500 | $42,750 | $68,400 |
| 5 Persons | $31,040 | $46,200 | $73,900 |
| 6 Persons | $35,580 | $49,600 | $79,350 |
| 7 Persons | $40,120 | $53,050 | $84,850 |
| 8 Persons | $44,660 | $56,450 | $90,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Norwood, CO?+
The Fair Market Rent (FMR) for San Miguel County, CO is: $1312 (Studio), $1473 (1BR), $1936 (2BR), $2341 (3BR), $3117 (4BR). Actual rent at subsidized properties like Cottonwood Creek Estates is typically 30% of household income or less.
What size apartments are available at Cottonwood Creek Estates?+
Cottonwood Creek Estates offers the following unit types: 30 Four-Bedroom units, for a total of 30 units.
Who manages Cottonwood Creek Estates?+
Cottonwood Creek Estates is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in San Miguel County, CO?+
For a 4-person household in San Miguel County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $42,750, Low Income (80% AMI): $68,400. These limits are set by HUD and updated annually.
How do I apply for housing at Cottonwood Creek Estates?+
Cottonwood Creek Estates 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.