Affordable housing typically means housing that is reasonably priced for individuals and families with low to moderate incomes. This kind of housing is essential to ensure that persons at various income levels have access to safe, stable, and decent living conditions without having to spend too much of their income on housing. Affordable housing programs have limits to household income and rent.
720-686-7263 | 2980 S Pancratia St Denver 80236 Contact Us
Do I Qualify?
Astraea at Loretto Heights is an affordable housing community designed to provide quality homes at below-market rental rates.
The tables below represent the current 2026 minimum and maximum rent and income requirements, the rent specials have not yet been posted, stay in touch for more on specials.
To help you determine whether you may qualify, we've provided information below about our income limits and rental rates. If you're unsure whether you meet the eligibility requirements, our team is here to help.
We understand that the affordable housing process can seem complicated, but we're committed to making it as simple and stress-free as possible. Reach out to us with any questions, and we'll gladly walk you through the qualification criteria, application process, and next steps.
Our goal is to help make finding and moving into your new home easy, welcoming, and hassle-free.
Frequently Asked Questions
What Type of Affordable Housing does Astraea at Loretto Heights offer?
Astraea at Loretto Heights has multiple types of affordable housing. All apartments are governed by the Low Income Housing Tax Credit (LIHTC) program with specific apartments also governed by other affordable housing programs. All the programs at Astraea at Loretto Heights have income restrictions based on the number of people in the household and must meet all other program requirements.
What is the maximum/minimum income?
Maximum Income
Total gross (before taxes) household income must be less than the below
|
30% |
50% |
60% |
70% |
|
|
1 Person |
$30,240 |
$50,400 |
$60,480 |
$70,560 |
|
2 Person |
$34,560 |
$57,600 |
$69,120 |
$80,640 |
|
3 Person |
$38,880 |
$64,800 |
$77,760 |
$90,720 |
|
4 Person |
$43,200 |
$72,000 |
$86,400 |
$100,800 |
|
5 Person |
$46,680 |
$77,800 |
$93,360 |
$108,920 |
|
6 Person |
$50,130 |
$83,550 |
$100,260 |
$116,970 |
|
7 Person |
$53,580 |
$89,300 |
$107,160 |
$125,020 |
Minimum Income
Astraea at Loretto Heights has a minimum household income requirement of 2 times the monthly rent.
|
Rents |
30% |
50% |
60% |
70% |
|
1 BD |
$810 |
$1,350 |
$1,620 |
$1,890 |
|
2 BD |
$972 |
$1,620 |
$1,944 |
$2,268 |
|
3 BD |
$1,123 |
$1,872 |
$2,247 |
$2,621 |
What sources of income are considered?
All sources of income are considered for most affordable housing programs. The includes employment, Social Security and SSI, pensions, unemployment benefits, self employment, income from retirement accounts and investments, periodic gifts from family members, child support, TANF, and income from assets.
What would prevent my household from qualifying?
- Household income exceeds the maximum allowable or is less than the minimum required.
- Number of persons in the household does not meet the occupancy guidelines for the apartment(s) available
- All student household that does not meet an exception
- For full list of reasons that a household may not qualify please see the Resident Selection Criteria
How long of lease do I have to sign?
Initial leases are all 12 months but after that will roll over to a month to month lease or it may be renewed for a specific term.
How often will my rent change?
Tax Credit rent increases are annual, but they are limited by what the regulatory agencies allow. Income and rent tables are updated each year.
These responses are not exhaustive, other guidelines and qualifications may also apply. Please refer to the Resident Selection Criteria for more information