Call us : (970) 262-2354

Welcome to Villa Sierra Madre II

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 Apartments 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 06/01/2023
Number of people in household     
Annual Income Limit  60%, 50%, 40%   

  1 2 3 4 5 6
60% $51,180 $58,500 $65,820 $73,080 $78,960 $84,780
50% $42,650 $48,750 $54,850 $60,900 $65,800 $70,650
40% $34,120 $39,000 $43,880 $48,720 $52,640 $56,520

 




 
Number of Bedrooms 1 2 3
Monthly Rent   40% $826 $991 $1,145
                        50% $1,054 $1,265 $1,461
                        60% $1,283 $1,539 $1,778

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 afforable 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 that 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. 

Mon-Fri: 8AM-5PM