Located at 1081 Adams in Silverthorne, CO.  Nestled in the Rocky Mountains, one block from Highway 9 in Summit County, the Villa Sierra Madre  2 Apartments offers 1, 2, and 3-bedroom apartment homes. (Tax Credit)
Smoke-Free Buildings, Common Areas and Apartment Homes

See below for more information on qualifying:
To qualify, the total amount of money before taxes and any deductions (Gross Income) received by all household members, plus interest and/or income from all assets must not exceed the below Annual Income Limit for the number of people in household.

Income Limits Date Effective 04/24/2025
Number of people in household     
Annual Income Limit  60%, 50%, 40%   

	1	2	3	4	5	6
60%	$55,860	$63,840	$71,820	$79,800	$86,220	$92,580
50%	$46,550	$53,200	$59,850	$66,500	$71,850	$77,150
40%	$37,240	$42,560	$47,880	$53,200	$57,480	$61,720

 

 

Number of Bedrooms	1	2	3
Monthly Rent   40%	$743	$892	$1,030
50%	$951	$1,141	$1,318
60%	$1,159	$1,391	$1,606

Applicants must have sufficient income to pay rent and are required to have a monthly income that is two (2) times the monthly rent of the unit they would occupy. 

Our screening process includes third-party income verifications from employers and landlords, evictions, credit and criminal background checks for every applicant over age 18. Households consisting entirely of full-time students are not eligible for this affordable housing program unless meeting one of the exemptions. We are a smoke-free and pet-free community. Unit size is determined by family size with no less than 1 person & no more than 2 people per bedroom. 
No one can be added to the household during the initial lease term of 1 year unless that addition is due to the documented birth of a child, marriage, legal adoption, foster child or as a need of a verified Reasonable Accommodation request due to a disability. 
Our Tax Credit Communities are operated under the LIHTC (low income housing tax credit) program and any falsification or misrepresentation will be considered a material breach.  Giving fraudulent or misrepresented information will invalidate this application and the applicant(s) will be denied housing.