About This Property
Pinon Apts offers 16 low-income residential units in Montrose, Colorado, consisting of four one-bedroom and twelve two-bedroom apartments. The property has been in service since 1995 and operates under 4% Low-Income Housing Tax Credit financing.
Property Details
Fair Market Rent - Montrose 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 | $914 |
| 1 Bedroom | $920 |
| 2 Bedroom | $1,209 |
| 3 Bedroom | $1,704 |
| 4 Bedroom | $2,052 |
Income Limits - Montrose County, CO
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,450
- Very Low (50%)
- $25,750
- Low (80%)
- $41,200
- Extremely Low (30%)
- $17,650
- Very Low (50%)
- $29,400
- Low (80%)
- $47,050
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,100
- Low (80%)
- $52,950
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,750
- Low (80%)
- $58,800
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,700
- Low (80%)
- $63,550
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,650
- Low (80%)
- $68,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,600
- Low (80%)
- $72,950
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,550
- Low (80%)
- $77,650
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,450 | $25,750 | $41,200 |
| 2 Persons | $17,650 | $29,400 | $47,050 |
| 3 Persons | $21,960 | $33,100 | $52,950 |
| 4 Persons | $26,500 | $36,750 | $58,800 |
| 5 Persons | $31,040 | $39,700 | $63,550 |
| 6 Persons | $35,580 | $42,650 | $68,250 |
| 7 Persons | $40,120 | $45,600 | $72,950 |
| 8 Persons | $44,660 | $48,550 | $77,650 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Montrose, CO?+
The Fair Market Rent (FMR) for Montrose County, CO is: $914 (Studio), $920 (1BR), $1209 (2BR), $1704 (3BR), $2052 (4BR). Actual rent at subsidized properties like Pinon Apts is typically 30% of household income or less.
What size apartments are available at Pinon Apts?+
Pinon Apts offers the following unit types: 4 One-Bedroom, 12 Two-Bedroom units, for a total of 16 units.
What are the income limits for affordable housing in Montrose County, CO?+
For a 4-person household in Montrose County, CO, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,750, Low Income (80% AMI): $58,800. These limits are set by HUD and updated annually.
What is the price range for apartments in Montrose, CO?+
Based on Fair Market Rent for Montrose County, the estimated price range is: 1-bedroom: $920, 2-bedroom: $1209. Actual rent at Pinon Apts may be lower for income-eligible households.
Who manages Pinon Apts?+
Pinon Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Pinon Apts?+
Pinon 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.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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