Affordable Housing In Bernalillo County
New Mexico
88 Low Income Apartment Communities In Bernalillo County
Albuquerque Silvercrest Residences
Ahepa 501 IIi Apartments
New Life Homes 5
Edward Romero Terrace
Encino Terrace
Encino Gardens
Housing Authorities that serve Bernalillo County
| Housing Authority | Programs |
|---|---|
| Bernalillo County Housing Department | Section 8 Housing Choice Voucher (HCV); Public Housing |
Other Housing Authorities located in Bernalillo County
| Housing Authority | Programs |
|---|---|
| Albuquerque Housing Authority | Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD) |
Guide To Affordable Housing in Bernalillo County, New Mexico
There are 88 low income housing apartment communities offering 95,750 affordable apartments for rent in Bernalillo County, New Mexico. Bernalillo County features 2,987 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 92,763 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Bernalillo County.
Sourced from federal housing data and AffordableHousingOnline.com research.
Bernalillo County, NM Affordable Housing Snapshot
| Total Affordable Apartment Properties | 88 |
|---|---|
| Total Low Income Apartments | 95,750 |
| Total Housing Units with Rental Assistance | 2,987 |
| Percentage of Housing Units Occupied By Renters | 37.77% |
| Average Renter Household Size | 2.37 |
| Average Household Size | 2.52 |
| Median Household Income | $47,725 ±$789 |
| Median Rent | $799 ±$10 |
| Percentage Of Renters Overburdened | 49.69% ± 1.35pp |
| Total Population | 673,943 |
Population and Household Demographics
Bernalillo County is a County in New Mexico with a population of 673,943. There are 263,270 households in the county with an average household size of 2.52 persons. 37.77% of households in Bernalillo County are renters.
Income and Rent Overburden in Bernalillo County
The median gross income for households in Bernalillo County is $47,725 a year, or $3,977 a month. The median rent for the county is $799 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Bernalillo County, a household making less than $2,663 a month would be considered overburdened when renting an apartment at or above the median rent. 49.69% of households who rent are overburdened in Bernalillo County.1
Area Median Income In Bernalillo County
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Bernalillo County, HUD calculates the Area Median Income for a family of four as $65,700
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Bernalillo County
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for Bernalillo County HUD Rental Assistance in Bernalillo County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $13,800 | $16,910 | $21,330 | $25,750 | $30,170 | $34,590 | $39,010 | $43,400 |
| 50% of Median | $23,000 | $26,300 | $29,600 | $32,850 | $35,500 | $38,150 | $40,750 | $43,400 |
| 80% of Median | $36,800 | $42,050 | $47,300 | $52,550 | $56,800 | $61,000 | $65,200 | $69,400 |
Low Income Housing Tax Credits in Bernalillo County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1992 to 2007, 34 low income apartment communities containing 5,264 rental apartments have been constructed and made affordable to low income persons in Bernalillo County by the Low Income Housing Tax Credit Program.
If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.
Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.
Income Qualifications for Low Income Housing Tax Credit Apartments in Bernalillo County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 50% of Median | $23,000 | $26,300 | $29,600 | $32,850 | $35,500 | $38,150 | $40,750 | $43,400 |
| 60% of Median | $27,600 | $31,560 | $35,520 | $39,420 | $42,600 | $45,780 | $48,900 | $52,080 |
For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Bernalillo County is $35,520 a year, or $2,960 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,960 by 30% to get a maximum rent of $888 a month.
Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.
| % of AMI | Studio | 1 Bed | 2 Bed | 3 Bed | 4 Bed | 5 Bed |
|---|---|---|---|---|---|---|
| 50% | $575 | $616 | $740 | $854 | $954 | $1,052 |
| 60% | $690 | $740 | $888 | $1,025 | $1,145 | $1,262 |
Fair Market Rents in Bernalillo County
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2020 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $571 | $713 | $877 | $1,265 | $1,506 |
Cities In Bernalillo County
Select A City to View its Apartment Communities and Waiting Lists.
| City | Listings | Served By |
|---|---|---|
| Albuquerque | 82 | The HUD funded Public Housing Agencies that serve Albuquerque are the Albuquerque Housing Authority and Bernalillo County Housing Department. |
| Rio Rancho | 3 | The HUD funded Public Housing Agency that serves Rio Rancho is the Bernalillo County Housing Department. |
| Los Ranchos | 2 | The HUD funded Public Housing Agency that serves Los Ranchos is the Bernalillo County Housing Department. |
| Carnuel | 0 | The HUD funded Public Housing Agency that serves Carnuel is the Bernalillo County Housing Department. |
| Cedar Crest | 0 | The HUD funded Public Housing Agency that serves Cedar Crest is the Bernalillo County Housing Department. |
| Cedro | 0 | The HUD funded Public Housing Agency that serves Cedro is the Bernalillo County Housing Department. |
| Chilili | 0 | The HUD funded Public Housing Agency that serves Chilili is the Bernalillo County Housing Department. |
| Edgewood | 0 | The HUD funded Public Housing Agency that serves Edgewood is the Bernalillo County Housing Department. |
| Edith Endave | 0 | The HUD funded Public Housing Agency that serves Edith Endave is the Bernalillo County Housing Department. |
| Isleta Village Proper | 0 | The HUD funded Public Housing Agency that serves Isleta Village Proper is the Bernalillo County Housing Department. |
| Los Ranchos de Albuquerque | 0 | The HUD funded Public Housing Agency that serves Los Ranchos de Albuquerque is the Bernalillo County Housing Department. |
| Manzano Springs | 0 | The HUD funded Public Housing Agency that serves Manzano Springs is the Bernalillo County Housing Department. |
| North Valley | 1 | The HUD funded Public Housing Agency that serves North Valley is the Bernalillo County Housing Department. |
| Pajarito Mesa | 0 | The HUD funded Public Housing Agency that serves Pajarito Mesa is the Bernalillo County Housing Department. |
| Paradise Hills | 0 | The HUD funded Public Housing Agency that serves Paradise Hills is the Bernalillo County Housing Department. |
| Ponderosa Pine | 0 | The HUD funded Public Housing Agency that serves Ponderosa Pine is the Bernalillo County Housing Department. |
| San Antonito | 0 | The HUD funded Public Housing Agency that serves San Antonito is the Bernalillo County Housing Department. |
| Sandia Heights | 0 | The HUD funded Public Housing Agency that serves Sandia Heights is the Bernalillo County Housing Department. |
| Sandia Knolls | 0 | The HUD funded Public Housing Agency that serves Sandia Knolls is the Bernalillo County Housing Department. |
| Sandia Park | 0 | The HUD funded Public Housing Agency that serves Sandia Park is the Bernalillo County Housing Department. |
| Sedillo | 0 | The HUD funded Public Housing Agency that serves Sedillo is the Bernalillo County Housing Department. |
| South Valley | 0 | The HUD funded Public Housing Agency that serves South Valley is the Bernalillo County Housing Department. |
| Tijeras | 0 | The HUD funded Public Housing Agency that serves Tijeras is the Bernalillo County Housing Department. |
