Low Income High Living

Dated: 02/13/2018

Views: 35

As we all know, the Colorado housing market has been on steady incline for years with no signs of slowing down in the foreseeing  feature.  With interest rate below the national average (4.35%), people have been flocking to Colorado from all around the country.  Whether it's due to great outdoor activities, the rising economy or maybe even legalization of marijuana, interest rates will continue to rise due to supply and demand.  The average price for a newer 2 bedroom house in Denver will cost roughly $1700 per month.  While the average price for a 2 bedroom apartment will cost around the same, with a 1 bed apartment as low as $1200 per month.  The average income salary for people in Denver is $41,000.  Critical thinkers might ask... what about people who aren't able to pay the high living expenses?  Are they getting pushed out the state, by the flood of people coming from around the country?  Or even worse, become homeless?  

New investors are coming to Denver, and they have a solution.  Not just a solution, but a way for people to live luxurious with low come.

It's called Lower Income Voucher Equity program or LIVE.  This program is designed to help Lower income people to live comfortably without having to pay Colorado high cost of living.  Not only that, LIVE provides a structure to help build a nest egg for a down payment for the house of your dreams.  Single residents making $23,500-47000 and families of 4 with incomes of $35,500-67,000 will qualify.  Residents will receive a 2 year subsidies to occupy the unit.  The beauty of this program is, a portion of their rent will be put into a savings account used for a down payment on a house after the 2 years.  After doing research, programs like LIVE brings me HOPE for humanity.

Blog author image

Avery Robinson

A New Yorker by birth but raised in Colorado, Avery has the unique advantage of knowing Denver Metro hidden gems. Examining the Real Estate market through an abstract lens, will have you in the house....

Want to Advertise on this Site?

Latest Blog Posts

5595 Darien Way Open House Saturday

     OPEN HOUSE       FEBRUARY 24th      10AM-2PMThis one of a kind home nestled in Mountain Shadows will capture your heart the moment you step

Read More

5595 Darien Way

http://brittany.denverhomesearchnow.com/details.php?mls=30&mlsid=6464016&ppc=&noreg

Read More

4 Tips To Get Approved For A Mortgage As A Sole Proprietor

Flexible hours, unlimited earning potential and no annoying boss? You must like the perks that come with self-employment. Taking your career into your own hands can be extremely rewarding,

Read More

Denver Events

Don't miss out on these upcoming Denver Events.February and March 2018 Denver Events-Start planning now for exciting 2018 events and festivals in Denver. Scroll down our month-by-month list and 

Read More