215 Lead Ave SW, Albuquerque, NM 87102
Waiting List Forecast: Likely Short or None
Verified for 2021 by Colleen Carter, Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Studio - 3 Beds | 1 - 2 Baths | 511 - 1,035 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.
They are a premier family friendly apartment community with the best downtown location. In 2014 our community received a score of 94 through the popular online app, “Walk Score”. Casitas is walking distance from Albuquerque's Alvarado Transportation Center, so their residents appreciate the accessibility to work, schools, civic and health facilities. their community is also near family-oriented establishments such as Century 14 Downtown Theater, Rio Grande Bio-Park, Main Library, and River Bike Trail. They are just minutes away from dozens of unique restaurants, downtown entertainment and shopping.
Because Casitas de Colores participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. For a HOME project of this size, some of the units are set aside for households at or below 50% AMI with a corresponding lower rent cap. As this property appears not to have a project-based subsidy or any other Federal assistance, you likely will have to pay your own rent, albeit, at a lower rent amount thanks to the HOME and LIHTC programs. Since this property participates in the HOME and LIHTC programs, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Studio (Studio/2) | 511ft2 | Call for Price† |
| 1 Bedroom (1/1) | 577ft2 | Call for Price† |
| 2 Bedroom (2/1) | 767ft2 | Call for Price† |
| 2 Bedroom (2/2) | 820ft2 | Call for Price† |
| 3 Bedroom (3/2) | 1035ft2 | Call for Price† |
| 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 Casitas de Colores have a waiting list?
Casitas de Colores 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 Casitas de Colores ?
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 Casitas de Colores ?
Casitas de Colores is managed by Capstone Real Estate Services, Inc. headquartered in Austin, Texas.
In addition to Casitas de Colores , how many other affordable housing properties (and units) are there in Albuquerque?
In addition to Casitas de Colores , 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.
Interested in a waiting list that opens soon?
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