About This Property
Aspen Villas contains 88 low-income residential units in Park City, Utah, comprising 18 two-bedroom and 70 three-bedroom apartments. The property has been in service since 1996 and was financed through tax-exempt bonds.
Property Details
Fair Market Rent - Summit County, UT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,383 |
| 1 Bedroom | $1,392 |
| 2 Bedroom | $1,807 |
| 3 Bedroom | $2,331 |
| 4 Bedroom | $2,525 |
Income Limits - Summit County, UT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $25,100
- Very Low (50%)
- $41,850
- Low (80%)
- $55,950
- Extremely Low (30%)
- $28,700
- Very Low (50%)
- $47,800
- Low (80%)
- $63,950
- Extremely Low (30%)
- $32,300
- Very Low (50%)
- $53,800
- Low (80%)
- $71,950
- Extremely Low (30%)
- $35,850
- Very Low (50%)
- $59,750
- Low (80%)
- $79,900
- Extremely Low (30%)
- $38,750
- Very Low (50%)
- $64,550
- Low (80%)
- $86,300
- Extremely Low (30%)
- $41,600
- Very Low (50%)
- $69,350
- Low (80%)
- $92,700
- Extremely Low (30%)
- $44,500
- Very Low (50%)
- $74,100
- Low (80%)
- $99,100
- Extremely Low (30%)
- $47,350
- Very Low (50%)
- $78,900
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $25,100 | $41,850 | $55,950 |
| 2 Persons | $28,700 | $47,800 | $63,950 |
| 3 Persons | $32,300 | $53,800 | $71,950 |
| 4 Persons | $35,850 | $59,750 | $79,900 |
| 5 Persons | $38,750 | $64,550 | $86,300 |
| 6 Persons | $41,600 | $69,350 | $92,700 |
| 7 Persons | $44,500 | $74,100 | $99,100 |
| 8 Persons | $47,350 | $78,900 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Park City, UT?+
The Fair Market Rent (FMR) for Summit County, UT is: $1383 (Studio), $1392 (1BR), $1807 (2BR), $2331 (3BR), $2525 (4BR). Actual rent at subsidized properties like Aspen Villas is typically 30% of household income or less.
What size apartments are available at Aspen Villas?+
Aspen Villas offers the following unit types: 18 Two-Bedroom, 70 Three-Bedroom units, for a total of 88 units.
How do I apply for housing at Aspen Villas?+
Aspen Villas 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 Park City, UT?+
Based on Fair Market Rent for Summit County, the estimated price range is: 2-bedroom: $1807, 3-bedroom: $2331. Actual rent at Aspen Villas may be lower for income-eligible households.
What are the income limits for affordable housing in Summit County, UT?+
For a 4-person household in Summit County, UT, the income limits are: Extremely Low Income (30% AMI): $35,850, Very Low Income (50% AMI): $59,750, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Who manages Aspen Villas?+
Aspen Villas is managed by . You can reach them at . Visit their website for more information.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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