About This Property
Richer Place Apartments offers 28 units in Park City, Utah, including 25 low-income units that serve homeless populations. The community features a mix of studio, one-bedroom, and two-bedroom apartments and has been in service since 2016. This property is funded through 9% Low-Income Housing Tax Credits and is managed to provide affordable housing options in Summit County.
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 Richer Place Apartments is typically 30% of household income or less.
What size apartments are available at Richer Place Apartments?+
Richer Place Apartments offers the following unit types: 2 Studio, 18 One-Bedroom, 8 Two-Bedroom units, for a total of 28 units.
Who manages Richer Place Apartments?+
Richer Place Apartments is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Park City, UT?+
Based on Fair Market Rent for Summit County, the estimated price range is: 1-bedroom: $1392, 2-bedroom: $1807. Actual rent at Richer Place Apartments may be lower for income-eligible households.
Who is eligible to live at Richer Place Apartments?+
Richer Place Apartments primarily serves formerly homeless individuals, Handicapped/ADA. 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 Richer Place Apartments?+
Richer Place Apartments 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 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.
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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