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Silver Gardens

100 Silver Avenue SW, Albuquerque, New Mexico 87102

Silver Gardens Apartments is an award winning, green, urban, mixed-income community of 121 apartments. Designed with features that enhance the quality of life of its residents, it is ideally located directly across from the Alvarado Transportation Center in the heart of downtown Albuquerque on Silver Avenue SW between 1st and 2nd Streets. The second phase is now open.

Ask about our Affordable Housing Program; income guidelines apply. Pricing subject to change. For more leasing information and income qualifications, please contact Capstone Real Estate Services, Inc. at 505.246.8500

Silver Gardens Details

  • 121 bedroom units.
  • Mid Rise
  • FHA Mortgage Insurance/subsidy
  • Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Albuquerque Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Albuquerque but actual income limits may differ for units at Silver Gardens.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,650 $27,000 $30,400 $33,750 $36,450 $39,150 $41,850 $44,550
Low Income (60%) $28,380 $32,400 $36,480 $40,500 $43,740 $46,980 $50,220 $53,460

Silver Gardens is managed by Capstone Real Estate Services, Inc..

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