Colorado Springs, CO Low Income Apartments
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Colorado Springs,CO (El Paso County)
ADDRESS: 516 E KIOWA COLORADO SPRINGS, CO 80903
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Colorado Springs,CO (El Paso County)
ADDRESS: 904 YUMA ST COLORADO SPRINGS, CO 80909
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Colorado Springs,CO (El Paso County)
ADDRESS: 3320 VERDE DR COLORADO SPRINGS, CO 80910
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Colorado Springs,CO (El Paso County)
ADDRESS: 1605-B HAMPTON SOUTH COLORADO SPRINGS, CO 80906
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Colorado Springs,CO (El Paso County)
ADDRESS: 444 E KIOWA ST COLORADO SPRINGS, CO 80903
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Colorado Springs,CO (El Paso County)
ADDRESS: 610 S UNION BLVD COLORADO SPRINGS, CO 80903
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Colorado Springs,CO (El Paso County)
ADDRESS: 1001 S. INSTITUTE STREET COLORADO SPRINGS, CO 80909
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Colorado Springs,CO (El Paso County)
ADDRESS: 3609 MICHIGAN AVE COLORADO SPRINGS, CO 80910
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Colorado Springs,CO (El Paso County)
ADDRESS: 1410 N HANCOCK AVE COLORADO SPRINGS, CO 80903
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Colorado Springs,CO (El Paso County)
ADDRESS: 1810 S CORONA COLORADO SPRINGS, CO 80906
A lot of people love Colorado Springs and they think of it as a place that a lot of rich people live and vacation. However, that's not the case for everyone there. Many people in Colorado Springs, just like elsewhere in the nation, live in poverty and struggle to pay their bills. Some of them pay so much in rent and utilities based on their meager income that they don't really have much left for necessities like food. This is a serious problem, and it can be even more significant if they have a family that they must support, as well.
The good news for people in this position is that the city does have low income apartments that some of these individuals will undoubtedly qualify for. There are maximum income requirements for these apartments, to ensure that they really go to people who are needy instead of people who are either lazy and don't want to work or who want to have really low rent so they can just blow all of their money on other things. People also have to make a minimum amount, though, because they need to be able to pay their rent. Low income apartments are not a free ride where people don't have to pay anything.
Typically, they will need to pay around thirty percent of their income in rent and utility payments. The rest will be subsidized so that they can stop paying most of their income out in living expenses. This can help them pay down debt, handle other bills, put food on the table, and save money so that they can own a home someday. That's getting harder and harder to do without a sizeable down payment, and most of these people don't have much credit.
If they do, it's usually not that good, so it can't really help them get qualified to buy a place of their own. A lot of people who are just starting out and some seniors who are on very limited incomes also live in low income apartments because they can afford to stay there and have a roof over their head while still affording food and other necessities.
