1700 Market St NW, Albuquerque, NM 87120
Waiting List Forecast: Likely Short or None
Verified for 2021 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| $711 - 979 per Month† | 1 - 3 Beds | 1 - 2 Baths | 850 - 1,125 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Welcome to Canon de Arrowhead
An affordable apartment community with income and student restrictions in West Albuquerque!
Experience the uncompromising blend of comfort and affordability! Cañon de Arrowhead apartments in Albuquerque, New Mexico offers 1, 2 and 3 bedroom floor plans as well as a variety of amenities that suit a wide range of tastes and needs. The apartment amenities include walk-in closets, private patio or balcony, open kitchen, washer/dryer connections, refrigerated air, dishwasher, and extra outdoor storage. They offer our residents several amenities such as an outdoor pool, fitness room, gated access, on-site laundry facility, clubhouse, 24-hour emergency maintenance, and courtesy patrol. The beautiful grounds feature a spectacular view of the Sandia Mountains as well as lush landscaping. Their property is conveniently located near I-40 so everything Albuquerque has to offer is easily within reach. Call or stop by Cañon de Arrowhead today for your personalized tour and see all that comfortable living at an exceptional price can offer you! Canon de Arrowhead is an affordable apartment community and has income restriction guidelines.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Canon De Arrowhead does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| 1 Bedroom (1/1) | 850ft2 | $711† |
| 2 Bedroom (2/2) | 925ft2 | $851† |
| 3 Bedroom (3/2) | 1125ft2 | $979† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year | $43,150 / year | $46,350 / year |
| 50% AMI for PBRA Units | $28,000 / year | $32,000 / year | $36,000 / year | $39,950 / year | $43,150 / year | $46,350 / year |
| 60% AMI for LIHTC Units | $33,600 / year | $38,400 / year | $43,200 / year | $47,940 / year | $51,780 / year | $55,620 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Canon De Arrowhead have a waiting list?
Canon De Arrowhead probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Canon De Arrowhead?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Canon De Arrowhead?
Canon De Arrowhead is managed by LaMar Management Inc. headquartered in Frederick, Maryland.
In addition to Canon De Arrowhead, how many other affordable housing properties (and units) are there in Albuquerque?
In addition to Canon De Arrowhead, we list 96 other affordable properties in Albuquerque. Learn about these properties here. Our data research shows that there are a total of 9582 affordable units in Albuquerque.
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