Payne Chapel Housing
1001 S Institute St, Colorado Springs, Colorado 80903
Eligibility for Payne Chapel Housing
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Colorado Springs but actual income limits may differ for units at Payne Chapel Housing.
| AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% | $20,500 | $23,400 | $26,350 | $30,000 | $35,140 | $40,280 | $45,420 | $50,560 |
| 50% | $34,150 | $39,000 | $43,900 | $48,750 | $52,650 | $56,550 | $60,450 | $64,350 |
| 80% | $54,600 | $62,400 | $70,200 | $78,000 | $84,250 | $90,500 | $96,750 | $103,000 |
Payne Chapel Housing Details
- 72 bedroom units.
- Section 8 Project-Based Rental Assistance (PBRA)
- Section 221 (d) (3)
Section 8 Project-Based Rental Assistance (PBRA)
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
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