About This Property
Villa Sierra Madre II offers 64 low-income units in Silverthorne, serving families with a mix of one, two, and three-bedroom floor plans. The property has been in service since 2014 and is funded through 9% Low-Income Housing Tax Credits. This community provides affordable housing options for residents in Summit County.
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 |
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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 Ii is typically 30% of household income or less.
What size apartments are available at Villa Sierra Madre Ii?+
Villa Sierra Madre Ii offers the following unit types: 16 One-Bedroom, 24 Two-Bedroom, 24 Three-Bedroom units, for a total of 64 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 Ii may be lower for income-eligible households.
Who is eligible to live at Villa Sierra Madre Ii?+
Villa Sierra Madre Ii primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
How do I apply for housing at Villa Sierra Madre Ii?+
Villa Sierra Madre Ii 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 Ii?+
Villa Sierra Madre Ii is managed by . You can reach them at . Visit their website for more information.
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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.