The City of Longmont’s Housing and Community Investment Division has adopted the following Rent Standards for units assisted (funded) using its CDBG, HOME or Affordable Housing Funds.
Affordable Rent Standards for CDBG and AHF assisted projects – tenants in CDBG or AHF assisted housing units must have incomes at or below the maximum income guidelines by household size as found in each year’s Boulder County Area Median Income Standards as updated and published by HUD. For assisted units, owners may not charge more than the 50% AMI monthly rents as shown on the CHFA rent table for the appropriate unit size. The maximum rents cannot exceed the total rent and any tenant paid utilities.
Affordable Rent Standards for HOME assisted projects – tenants in HOME assisted housing units must have incomes at or below the maximum income guidelines by household size as found in each year’s Boulder County Area Median Income Standards as updated and published by HUD. For HOME assisted units, owners may not charge more than the Low HOME rents as shown on the HOME rent table for the appropriate unit size. The maximum rents cannot exceed the total rent and any tenant paid utilities.
