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KINGS POINT

3500 S LOWELL BLVD, Sheridan, Colorado 80236

Kings Point is an affordable senior apartment community in Sheridan, CO, a Denver suburb. This quiet neighborhood offers seniors a respite from big city living with easy access to downtown attractions, including the Downtown Aquarium and green spaces, such as Denver Botanic Gardens. The state capital holds a myriad of cultural and recreational opportunities for seniors with community events and festivals all year long.

 Kings Point offers air-conditioned one-bedroom units for individuals aged 62 and older. Each apartment is wheelchair-accessible, and ground floor units are available. Residents have access to on-site laundry services. 

Section 8 PBRA

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) - Call for Price

Eligibility for KINGS POINT

KINGS POINT Details

  • 50 one bedroom units.
  • Section 8 Project-Based Rental Assistance (PBRA)
  • Section 202 Supportive Housing for the Elderly
  • FHA Mortgage Insurance/subsidy
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 221 (d) (3)

Property Amenities

  • Laundry Facilities
  • Wheel Chair Accessible

Unit Amenities

  • Air Conditioning

Nearby Amenities

  • Close to Downtown District
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.

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.