About This Property
Project Renovate comprises 279 low-income residential units in Boulder, Colorado, serving families and elderly residents. The community offers a diverse unit mix of studios, one-, two-, three-, and four-bedroom apartments, with the property placed in service in 2016 and financed through tax-exempt bonds and 4% LIHTC credits. This non-profit owned community provides affordable housing options across multiple bedroom configurations.
Waitlist Information
Waitlist managed by Boulder Housing Partners
Waitlists open periodically on a limited basis when apartments become available. Applicants generally can earn up to 50% of the Area Median Income with no minimum income, and eligibility includes meeting income requirements, being 18 years or older, passing a criminal background check, and Boulder County residency preferences. Some communities are specifically for older adults, families with children, or individuals with disabilities.
A lottery system is used. The lottery opens when vouchers are available. The lottery will not be opening in 2026. Goal is to provide assistance within 6-12 months after lottery opens.
Waitlist data provided by section8waitlist.org
Updated September 5, 2026
Property Details
Fair Market Rent - Boulder 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 | $1,585 |
| 1 Bedroom | $1,823 |
| 2 Bedroom | $2,217 |
| 3 Bedroom | $2,898 |
| 4 Bedroom | $3,394 |
Income Limits - Boulder County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $24,550
- Very Low (50%)
- $40,950
- Low (80%)
- $56,300
- Extremely Low (30%)
- $28,050
- Very Low (50%)
- $46,800
- Low (80%)
- $64,350
- Extremely Low (30%)
- $31,550
- Very Low (50%)
- $52,650
- Low (80%)
- $72,400
- Extremely Low (30%)
- $35,050
- Very Low (50%)
- $58,450
- Low (80%)
- $80,400
- Extremely Low (30%)
- $37,900
- Very Low (50%)
- $63,150
- Low (80%)
- $86,850
- Extremely Low (30%)
- $40,700
- Very Low (50%)
- $67,850
- Low (80%)
- $93,300
- Extremely Low (30%)
- $43,500
- Very Low (50%)
- $72,500
- Low (80%)
- $99,700
- Extremely Low (30%)
- $46,300
- Very Low (50%)
- $77,200
- Low (80%)
- $106,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $24,550 | $40,950 | $56,300 |
| 2 Persons | $28,050 | $46,800 | $64,350 |
| 3 Persons | $31,550 | $52,650 | $72,400 |
| 4 Persons | $35,050 | $58,450 | $80,400 |
| 5 Persons | $37,900 | $63,150 | $86,850 |
| 6 Persons | $40,700 | $67,850 | $93,300 |
| 7 Persons | $43,500 | $72,500 | $99,700 |
| 8 Persons | $46,300 | $77,200 | $106,150 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Boulder, CO?+
The Fair Market Rent (FMR) for Boulder County, CO is: $1585 (Studio), $1823 (1BR), $2217 (2BR), $2898 (3BR), $3394 (4BR). Actual rent at subsidized properties like Project Renovate is typically 30% of household income or less.
What size apartments are available at Project Renovate?+
Project Renovate offers the following unit types: 58 Studio, 103 One-Bedroom, 74 Two-Bedroom, 37 Three-Bedroom, 7 Four-Bedroom units, for a total of 279 units.
Who manages Project Renovate?+
Project Renovate is managed by . You can reach them at .
How do I apply for housing at Project Renovate?+
Project Renovate is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 is eligible to live at Project Renovate?+
Project Renovate primarily serves families, elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Project Renovate?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Boulder, CO?+
Based on Fair Market Rent for Boulder County, the estimated price range is: 1-bedroom: $1823, 2-bedroom: $2217, 3-bedroom: $2898. Actual rent at Project Renovate may be lower for income-eligible households.
What are the income limits for affordable housing in Boulder County, CO?+
For a 4-person household in Boulder County, CO, the income limits are: Extremely Low Income (30% AMI): $35,050, Very Low Income (50% AMI): $58,450, Low Income (80% AMI): $80,400. 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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