$5,405
Aspen Meadows
651 Potomac St, Aurora, CO 80011
Low Income Affordable
Independent Living
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Description of Aspen Meadows
Welcome to Aspen Meadows a 100 unit Senior (62+) Project-Based Rental. Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. There is a minimum tenant contribution of $25 for all rents at this property regardless of tenant income. Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, monthly rent cannot exceed the Tax Credit maximum rent for the area. Households earning less than 60% of the area median income qualify for units with reduced rent. Some rental units in this property may not be subject to LIHTC and therefore may be set at levels higher than the area's LIHTC limits. Aspen Meadows is a HUD Apartment. HUD residents usually pay 30% of their gross income for rent. The rent amount, less approved HUD deductions such as medical and child care expenses, and other allowances, includes a utility allowance. HUD Residents also may choose to pay what is known as flat rent. The HACC works with applicants to determine which rent arrangement is best for them. Aspen Meadows is a senior low income housing apartment subsidized by the federal governments HUD (Housing and Urban Development Division). Contact Aspen Meadows for complete details on the current vacancies and housing applications.
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