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Sleeping Ute Apartments

516 S Madison St, Cortez, Colorado 81321

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Sleeping Ute Apartments is managed by Monroe Group Ltd..

Welcome to Sleeping Ute Apartments where you can find comfortable and affording housing for your family. It's the perfect place to call home. Sleeping Ute features a mix of two-, three- and four-bedroom family residences in one and two-story residential buildings. Located in the south side of Cortez, our community has spectacular views of surrounding Sleeping Ute mountain range and mesas including Mesa Verde National Park, and is a great place to explore the Four Corners area. It is also in close proximity to shopping, dining and public transportation. Enjoy all the amenities Sleeping Ute has to offer including a playground on landscaped grounds and onsite laundry facilities. Our professional staff looks forward to providing you with the highest standard of professional property management and are committed to improving the communities where we live and work.

Unit (Bd/Ba) Ft2 Rent
2 Bedroom (2/1) - Income Based
3 Bedroom (3/1) - Income Based
4 Bedroom (4/1) - Income Based

Eligibility for Sleeping Ute Apartments

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 Cortez but actual income limits may differ for units at Sleeping Ute Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $18,300 $20,900 $24,860 $30,000 $35,140 $40,280 $45,420 $50,560
50% $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
80% $48,750 $55,700 $62,650 $69,600 $75,200 $80,750 $86,350 $91,900

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Cortez but actual income limits may differ for units at Sleeping Ute Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
Low Income (60%) $36,540 $41,760 $46,980 $52,200 $56,400 $60,600 $64,740 $68,940

Sleeping Ute Apartments Details

  • 60 two, three and four bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)

Property Amenities

  • Playground
  • On-Site Parking
  • Landscaping

Unit Amenities

  • Carpet
  • Scenic View
  • Storage
  • Refrigerator
  • Stove
  • Private Patio and Balcony
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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

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Image of Sleeping Ute Apartments