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% $46,560 $53,220 $59,880 $66,480 $71,820 $77,160
50% $38,800 $44,350 $49,900 $55,400 $59,850 $64,300
40% $31,040 $35,480 $39,920 $44,320 $47,880 $51,440

 




 
Number of Bedrooms 1 2 3
Monthly Rent   40% $743 $892 $1,029
                        50% $951 $1,141 $1,317
                        60% $1,159 $1,391 $1,605

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