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Affordable Housing Qualifications
All programs for affordable housing sponsored by the Yampa Valley Housing Authority target families in the very low, low, and medium income groups.
The chart below outlines the income limitations for each of those groups. For example, a family of three cannot have a combined gross income above $32,700 in order to be considered in the very low income group; whereas, the same family would be considered in the medium income group with a gross income between $52,350 and $78,480.
| Family Size | 1 Person | 2 People | 3 People | 4 People | 5 People | 6 People |
| Very Low Income (50% AMI) | $25,750 | $29,450 | $33,100 | $36,800 | $39,750 | $42,700 |
| Low Income (80% AMI) | $41,250 | $47,100 | $53,000 | $58,900 | $63,600 | $68,300 |
| Medium Income (120% AMI) | $61,800 | $70,680 | $79,440 | $88,320 | $95,400 | $102,480 |
In addition to income limitations, there are net worth restrictions for each group depending on the deed restrictions.
Anyone interested in one of YVHA's programs is urged to submit a Home Opportunity Application Form and a USDA Rural Development Pre-Qualification Worksheet. Once these forms have been submitted, the housing authority can counsel potential homeowners on how to proceed.
| Attachment | Size |
|---|---|
| Home Opportunity Application Form.doc | 44.5 KB |
| USDA-RD Pre-Qualification Worksheet.doc | 367 KB |
| USDA-RD Authorization to Release Information Form.pdf | 18.43 KB |