Affordable Housing In Chaves County
New Mexico

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There are 10 low income housing apartment complexes which contain 676 affordable apartments for rent in Chaves County, New Mexico. Many of these rental apartments are income based housing with about 332 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 172 Project-Based Section 8 subsidized apartments in Chaves County. There are 404 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.

The HUD funded Public Housing Agency that serves Chaves County is the Eastern Regional Housing Authority.

Affordable Apartments in Chaves County

1301 E. Alameda St.
Roswell, New Mexico
Spicewood Canyon Villas is a 60 unit low income housing apartment community in Roswell.
Apartments in this community are not rent subsidized. However, this apartment community has rents considered affordable for low income families in Roswell.
Low Income Housing Tax Credit
Accepts Housing Choice Vouchers
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1700 W Hendricks St
Roswell, New Mexico
Cielo De Oro Senior Housing Apartments is a 30 unit low income housing apartment community in Roswell.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 202 Supportive Housing for the Elderly
Project Based Rental Assistance
Senior (62+)
Accessible Units
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306 E Country Club Rd
Roswell, New Mexico
Willow Terrace Apartments is a 15 unit low income housing apartment community in Roswell.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 811 Supportive Housing for Persons with Disabilities
Project Based Rental Assistance
Accessible Units
Persons With Disabilities
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1600 W Hendricks St
Roswell, New Mexico
Rio Vista Senior Housing Apartments is a 30 unit low income housing apartment community in Roswell.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Section 202 Supportive Housing for the Elderly
Project Based Rental Assistance
Senior (62+)
Accessible Units
View More
1601 S Sunset Ave
Roswell, New Mexico
Sunset 1600 Apartments is a 60 unit low income housing apartment community in Roswell.
Some or all apartments in this community are rent subsidized, which means rent is income based.
Project-Based Section 8
Project Based Rental Assistance
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Housing Authorities that serve Chaves County

The Eastern Regional Housing Authority is a Section 8 and Public Housing public housing agency in Roswell, New Mexico.

Understanding Affordable Housing in Chaves County, New Mexico

Chaves County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties10
Total Low Income Apartments676
Total Rent Assisted Apartments332
Percentage of Housing Units Occupied By Renters33.35%
Average Renter Household Size2.66
Total Population65,811
Housing Units23,422
Average Household Size2.72
Median Household Income$40,630 ±$2,301
Median Rent$697 ±$24
Percentage Of Renters Overburdened40.51% ± 4.56pp

Population and Household Demographics

Chaves County is a County in New Mexico with a population of 65,811. There are 23,422 households in the county with an average household size of 2.72 persons. 33.35% of households in Chaves County are renters.

Income and Rent Overburden in Chaves County

The median gross income for households in Chaves County is $40,630 a year, or $3,386 a month. The median rent for the county is $697 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Chaves County, a household making less than $2,323 a month would be considered overburdened when renting an apartment at or above the median rent.40.51% of households who rent are overburdened in Chaves County.1

Data derived from 2010 Census and 2015 5-Year American Community Survey. Learn More.
1 Margin of Error: ± 4.56 percentage points.

Area Median Income In Chaves 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 Chaves County, HUD calculates the Area Median Income for a family of four as $51,100

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 Chaves 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.

Chaves County HUD Rental Assistance Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
30%$12,060$16,240$20,420$24,600$28,250$30,350$32,450$34,550
50%$18,350$20,950$23,550$26,150$28,250$30,350$32,450$34,550
80%$29,300$33,500$37,700$41,850$45,200$48,550$51,900$55,250

You can identify apartment communities that participate in a program that provides rental assistance by looking for the tags in the apartment list above. View Apartments.

Low Income Housing Tax Credits in Chaves County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1997 to 2005, 3 low income apartment communities containing 262 rental apartments have been constructed and made affordable to low income persons in Chaves County by the Low Income Housing Tax Credit Program.

You can identify apartment communities that participate in the program in Chaves County by looking for the tag in the apartment list above. View Apartments.

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.

Chaves County Low Income Housing Tax Credit Income Limits

AMI Band1 Person2 Person3 Person4 Person5 Person6 Person7 Person8 Person
50%$18,350$20,950$23,550$26,150$28,250$30,350$32,450$34,550
60%$22,020$25,140$28,260$31,380$33,900$36,420$38,940$41,460

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 Chaves County is $28,260 a year, or $2,355 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,355 by 30% to get a maximum rent of $707 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 AMIStudio2 Bed3 Bed4 Bed1 Bed5 Bed
50%$459$491$589$680$759$838
60%$551$590$707$816$911$1,005

Cities In Chaves County

Select A City to View its Apartment Communities and Waiting Lists.

CityListingsServed By
Roswell10
Hagerman0
Dexter0
Lake Arthur0
Midway0