The Apartments at Cinnamon Park is an affordable senior housing community for those aged 62+ and offers studio and 1-bedroom floor plans. It is a smoke-free facility with a community room, exercise room, on-site laundry, garden and patio area. Wellness activities are also available.
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
Studio (Studio/1) | - | From $614 To $1,228 |
One Bedroom (1/1) | - | From $658 To $1,316 |
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 Longmont but actual income limits may differ for units at The Apartments at Cinnamon Park.
AMI Band | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
---|---|---|---|---|---|---|---|---|
Very Low Income (50%) | $46,500 | $53,150 | $59,800 | $66,400 | $71,750 | $77,050 | $82,350 | $87,650 |
Low Income (60%) | $55,800 | $63,780 | $71,760 | $79,680 | $86,100 | $92,460 | $98,820 | $105,180 |
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.