San Juan Apartments is managed by Monroe Group Ltd..
Discover San Juan Apartments, the ideal community to live if you are 62 years or older. Located in the majestic western slope of Colorado, our community is south of downtown Montrose in close proximity to shopping, dining and public transportation. San Juan Apartments is a two-story building with one-bedroom residences - all with spectacular views of the mountains. Our community grounds feature beautiful landscaping with rose beds, a gazebo and patio for all our residents to enjoy. 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. It's a great place to call home!
Unit (Bd/Ba) | Ft2 | Rent |
---|---|---|
1 Bedroom (1/1) | - | Income Based |
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 Montrose but actual income limits may differ for units at San Juan 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 Montrose but actual income limits may differ for units at San Juan 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 |
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.
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.