About This Property
Falcon Ridge is a 48-unit affordable housing community in Estes Park, Colorado that serves families with low incomes. The property contains 18 one-bedroom units, 24 two-bedroom units, and 6 three-bedroom units, and has been in service since 2016. Falcon Ridge is non-profit owned and financed through FHA funding with 9% Low Income Housing Tax Credits.
Property Details
Fair Market Rent - Larimer 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 | $1,342 |
| 1 Bedroom | $1,350 |
| 2 Bedroom | $1,646 |
| 3 Bedroom | $2,320 |
| 4 Bedroom | $2,553 |
Income Limits - Larimer County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $20,150
- Very Low (50%)
- $33,600
- Low (80%)
- $53,700
- Extremely Low (30%)
- $23,000
- Very Low (50%)
- $38,400
- Low (80%)
- $61,400
- Extremely Low (30%)
- $25,900
- Very Low (50%)
- $43,200
- Low (80%)
- $69,050
- Extremely Low (30%)
- $28,750
- Very Low (50%)
- $47,950
- Low (80%)
- $76,700
- Extremely Low (30%)
- $31,050
- Very Low (50%)
- $51,800
- Low (80%)
- $82,850
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $55,650
- Low (80%)
- $89,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $59,500
- Low (80%)
- $95,150
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $63,300
- Low (80%)
- $101,250
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $20,150 | $33,600 | $53,700 |
| 2 Persons | $23,000 | $38,400 | $61,400 |
| 3 Persons | $25,900 | $43,200 | $69,050 |
| 4 Persons | $28,750 | $47,950 | $76,700 |
| 5 Persons | $31,050 | $51,800 | $82,850 |
| 6 Persons | $35,580 | $55,650 | $89,000 |
| 7 Persons | $40,120 | $59,500 | $95,150 |
| 8 Persons | $44,660 | $63,300 | $101,250 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Estes Park, CO?+
The Fair Market Rent (FMR) for Larimer County, CO is: $1342 (Studio), $1350 (1BR), $1646 (2BR), $2320 (3BR), $2553 (4BR). Actual rent at subsidized properties like Falcon Ridge is typically 30% of household income or less.
What size apartments are available at Falcon Ridge?+
Falcon Ridge offers the following unit types: 18 One-Bedroom, 24 Two-Bedroom, 6 Three-Bedroom units, for a total of 48 units.
How do I apply for housing at Falcon Ridge?+
Falcon Ridge 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 is eligible to live at Falcon Ridge?+
Falcon Ridge primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Who manages Falcon Ridge?+
Falcon Ridge is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Estes Park, CO?+
Based on Fair Market Rent for Larimer County, the estimated price range is: 1-bedroom: $1350, 2-bedroom: $1646, 3-bedroom: $2320. Actual rent at Falcon Ridge may be lower for income-eligible households.
What are the income limits for affordable housing in Larimer County, CO?+
For a 4-person household in Larimer County, CO, the income limits are: Extremely Low Income (30% AMI): $28,750, Very Low Income (50% AMI): $47,950, Low Income (80% AMI): $76,700. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.