About This Property
Fountain Ridge South Apts is a 75-unit affordable housing community in Fountain, CO that serves families with low incomes. The property offers a mix of one, two, and three-bedroom units, with 20 one-bedroom, 43 two-bedroom, and 12 three-bedroom apartments available. Placed in service in 2004, the community is funded through HOME and FHA financing and utilizes 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of the City of Fountain
Eligibility depends on annual gross income, age or disability status, and US citizenship or eligible immigration status. Waitlists for Grinde Manor, Fountain Townhomes, and Fountain Mesa Court Townhomes are closed.
Local preference is given to families who live or work in Fountain, Security, or Widefield in El Paso County. Eligibility generally requires income not exceeding 50% of the median income for the community.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - El Paso 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 | $1,190 |
| 1 Bedroom | $1,408 |
| 2 Bedroom | $1,734 |
| 3 Bedroom | $2,444 |
| 4 Bedroom | $2,875 |
Income Limits - El Paso County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,300
- Very Low (50%)
- $28,850
- Low (80%)
- $46,150
- Extremely Low (30%)
- $19,800
- Very Low (50%)
- $33,000
- Low (80%)
- $52,750
- Extremely Low (30%)
- $22,250
- Very Low (50%)
- $37,100
- Low (80%)
- $59,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,200
- Low (80%)
- $65,900
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,500
- Low (80%)
- $71,200
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,800
- Low (80%)
- $76,450
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,100
- Low (80%)
- $81,750
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,400
- Low (80%)
- $87,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,300 | $28,850 | $46,150 |
| 2 Persons | $19,800 | $33,000 | $52,750 |
| 3 Persons | $22,250 | $37,100 | $59,350 |
| 4 Persons | $26,500 | $41,200 | $65,900 |
| 5 Persons | $31,040 | $44,500 | $71,200 |
| 6 Persons | $35,580 | $47,800 | $76,450 |
| 7 Persons | $40,120 | $51,100 | $81,750 |
| 8 Persons | $44,660 | $54,400 | $87,000 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Fountain, CO?+
The Fair Market Rent (FMR) for El Paso County, CO is: $1190 (Studio), $1408 (1BR), $1734 (2BR), $2444 (3BR), $2875 (4BR). Actual rent at subsidized properties like Fountain Ridge South Apts is typically 30% of household income or less.
What size apartments are available at Fountain Ridge South Apts?+
Fountain Ridge South Apts offers the following unit types: 20 One-Bedroom, 43 Two-Bedroom, 12 Three-Bedroom units, for a total of 75 units.
Who is eligible to live at Fountain Ridge South Apts?+
Fountain Ridge South Apts primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Fountain Ridge South Apts?+
Fountain Ridge South Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Fountain Ridge South Apts?+
Fountain Ridge South Apts 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 Fountain, CO?+
Based on Fair Market Rent for El Paso County, the estimated price range is: 1-bedroom: $1408, 2-bedroom: $1734, 3-bedroom: $2444. Actual rent at Fountain Ridge South Apts may be lower for income-eligible households.
What are the income limits for affordable housing in El Paso County, CO?+
For a 4-person household in El Paso County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,200, Low Income (80% AMI): $65,900. These limits are set by HUD and updated annually.
Is there a waitlist for Fountain Ridge South Apts?+
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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