About This Property
Villa Sierra Madre comprises 61 low-income units in Silverthorne, Colorado, with a unit mix of 10 one-bedroom, 26 two-bedroom, and 25 three-bedroom homes. The property was placed in service in 1994 and utilizes 9% Low-Income Housing Tax Credits. A non-profit organization owns and manages the community.
Property Details
Fair Market Rent - Summit 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 | $1,551 |
| 1 Bedroom | $1,690 |
| 2 Bedroom | $2,220 |
| 3 Bedroom | $3,128 |
| 4 Bedroom | $3,650 |
Income Limits - Summit County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,200
- Very Low (50%)
- $33,650
- Low (80%)
- $53,850
- Extremely Low (30%)
- $23,100
- Very Low (50%)
- $38,450
- Low (80%)
- $61,550
- Extremely Low (30%)
- $26,000
- Very Low (50%)
- $43,250
- Low (80%)
- $69,250
- Extremely Low (30%)
- $28,850
- Very Low (50%)
- $48,050
- Low (80%)
- $76,900
- Extremely Low (30%)
- $31,200
- Very Low (50%)
- $51,900
- Low (80%)
- $83,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,750
- Low (80%)
- $89,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,600
- Low (80%)
- $95,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,450
- Low (80%)
- $101,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,200 | $33,650 | $53,850 |
| 2 Persons | $23,100 | $38,450 | $61,550 |
| 3 Persons | $26,000 | $43,250 | $69,250 |
| 4 Persons | $28,850 | $48,050 | $76,900 |
| 5 Persons | $31,200 | $51,900 | $83,100 |
| 6 Persons | $35,580 | $55,750 | $89,250 |
| 7 Persons | $40,120 | $59,600 | $95,400 |
| 8 Persons | $44,660 | $63,450 | $101,550 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Silverthorne, CO?+
The Fair Market Rent (FMR) for Summit County, CO is: $1551 (Studio), $1690 (1BR), $2220 (2BR), $3128 (3BR), $3650 (4BR). Actual rent at subsidized properties like Villa Sierra Madre is typically 30% of household income or less.
What size apartments are available at Villa Sierra Madre?+
Villa Sierra Madre offers the following unit types: 10 One-Bedroom, 26 Two-Bedroom, 25 Three-Bedroom units, for a total of 61 units.
What is the price range for apartments in Silverthorne, CO?+
Based on Fair Market Rent for Summit County, the estimated price range is: 1-bedroom: $1690, 2-bedroom: $2220, 3-bedroom: $3128. Actual rent at Villa Sierra Madre may be lower for income-eligible households.
What are the income limits for affordable housing in Summit County, CO?+
For a 4-person household in Summit County, CO, the income limits are: Extremely Low Income (30% AMI): $28,850, Very Low Income (50% AMI): $48,050, Low Income (80% AMI): $76,900. These limits are set by HUD and updated annually.
How do I apply for housing at Villa Sierra Madre?+
Villa Sierra Madre 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 Villa Sierra Madre?+
Villa Sierra Madre 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.