Sleeping Ute

About This Building

Affordable Housing Option in Cortez, CO Introduction: Sleeping Ute is a Low-Income Housing Tax Credit (LIHTC) apartment complex that offers affordable rental apartments in Cortez, CO. These apartments are specifically designed to cater to individuals with low income, and their rent and income restrictions are governed by the LIHTC program. Incentives for Affordable Housing: The LIHTC program provides incentives to builders and developers, encouraging them to offer affordable housing options to individuals with low income. The maximum rent charged for these apartments is determined based on the Area Median Income (AMI) of the area. However, it is important to note that due to the AMI limitations, this apartment may still be unaffordable for some low-income individuals. We recommend checking the current rental rates to determine affordability. Apartment Details: Sleeping Ute offers a total of 60 apartments, including two, three, and four bedroom options. Please keep in mind that many apartments these days have waiting lists, so it is advisable to contact the complex directly at the provided number to inquire about availability and qualification criteria. HUD Subsidized Apartments: This apartment complex accepts HUD subsidies, providing an additional benefit for qualified individuals. If you qualify for low-income housing and the complex has available apartments, the rent will be based on 30% of your Adjusted Gross Income. Please contact the complex for more details. Apartment Options: - 2 bedroom apartments available at this location. - 3 bedroom apartments available at this location. - 4 bedroom apartments available at this location. Conclusion: In summary, Sleeping Ute in Cortez, CO, offers an affordable housing option through the LIHTC program. While there may be limitations based on the AMI, this complex provides various apartment options to cater to low-income individuals. Contact the complex directly to learn more about the application process and qualification criteria.