Drake, CO Low Income Housing

Qualifying For Low Income Housing in Drake, CO

How do I qualify for low income housing in Drake, CO?
To qualify for low income housing in Colorado, you must meet the following income requirements:

Your household income must be below 80% of the area median income (AMI). The AMI is updated annually by the Department of Housing and Urban Development (HUD) and varies by county.

You must have a valid Social Security number or Individual Taxpayer Identification Number (ITIN).

You must be a U.S. citizen or a legal immigrant.

In addition to the income requirements, you may also need to meet other eligibility requirements, such as:

- You must not have been evicted from any public housing or Section 8 housing in the past three years.
- You must not have any outstanding felony convictions for drug-related offenses.
- You must not be a registered sex offender.

Types of Low Income Housing in Drake, CO

There are a variety of low-income housing options available in Drake, CO, including:

• Public Housing: Public housing is owned and operated by your area Housing Authority. Public housing units are rented to low-income households at below-market rates.
• Section 8 Housing Choice Vouchers: Section 8 is a federal program that provides rental assistance to low-income households. Vouchers can be used to rent apartments, townhouses, or single-family homes from private landlords.
• Low Income Housing Tax Credit (LIHTC): LIHTC is a federal program that provides tax credits to developers who build or renovate affordable housing units. LIHTC units are typically rented at below-market rates.
• Project-Based Section 8: Project-based Section 8 is a federal program that provides rental assistance to low-income households who live in specific apartment buildings or housing developments.
• Very Low Income Housing Development (VLID): VLID is a federal program that provides grants to states and local governments to fund the development of affordable housing for low-income households.

In addition to these federal programs, there are also a number of state and local programs that provide low-income housing assistance in Drake, CO. These programs may offer rental assistance, down payment assistance, or other forms of financial assistance to help low-income households afford housing.

PublicHousing.com puts together our list of properties using the above program listings all on one website.



We display monthly rates for the apartments when possible. Most of subsidized apartments base the rent on income, therefore, you will need to contact the apartment directly for rates. We list all pertinent contact information.