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Affordable Housing In Chaves County
New Mexico

11 Low Income Apartment Communities In Chaves County

Cielo De Oro Senior Housing Apartments

1700 W Hendricks St
Roswell, New Mexico
Call For Rent
1 BR
Subsidized
62+
Accessible
Elderly Supportive Housing

Rio Vista Senior Housing Apartments

1600 W Hendricks St
Roswell, New Mexico
Subsidized
62+
Accessible
Elderly Supportive Housing

Spicewood Canyon Villas

1301 E. Alameda St.
Roswell, New Mexico

Willow Terrace Apartments

306 E Country Club Rd
Roswell, New Mexico
Subsidized
Accessible
Accessible
Disabled Supportive Housing

Sunset 1600 Apartments

1601 S Sunset Ave
Roswell, New Mexico
Subsidized

Wildewood Apartments

201 Sherrill Ln
Roswell, New Mexico
Subsidized

Roswell Summit Apartments

1100 S Wyoming Ave
Roswell, New Mexico
Subsidized

Region VI Ha

806 Redwood St
Roswell, New Mexico

502 S Wyoming

NW Corner of Wyoming And Bland
Roswell, New Mexico

Mesa Verde Apartments

502 S Wyoming Ave
Roswell, New Mexico

Housing Authorities that serve Chaves County

Housing Authority Programs
Eastern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Chaves County, New Mexico

There are 11 low income housing apartment communities offering 704 affordable apartments for rent in Chaves County, New Mexico.

Income Based Apartments in Chaves County, New Mexico

Chaves County features 360 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Chaves County, New Mexico

There are 344 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Chaves County.

Housing Choice Vouchers in Chaves County, New Mexico

On average, Section 8 Housing Choice vouchers pay Chaves County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Chaves County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Chaves County, New Mexico for a two-bedroom apartment is between $814 and $994.

2021 Chaves County, New Mexico Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Chaves County, New Mexico Fair Market Rent $681 $686 $904 $1,167 $1,298
Chaves County, New Mexico Payment Standard Range $613 to $749 $617 to $755 $814 to $994 $1,050 to $1,284 $1,168 to $1,428

Sourced from federal housing data and AffordableHousingOnline.com research.

Chaves County, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 11
Total Low Income Apartments 704
Total Housing Units with Rental Assistance 360
Percentage of Housing Units Occupied By Renters 33.35%
Average Renter Household Size 2.66
Average Household Size 2.72
Median Household Income $40,630 ±$2,301
Median Rent $697 ±$24
Percentage Of Renters Overburdened 40.51% ± 4.56pp
Total Population 65,811

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.

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 $57,000

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.

Income Qualifications for HUD Rental Assistance in Chaves County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Chaves County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,760 $17,240 $21,720 $26,200 $30,680 $33,100 $35,350 $37,650
50% AMI Income Limits
Renters earning up to 50% of the Chaves County AMI may qualify for rental assistance programs that target Very Low Income households.
$19,950 $22,800 $25,650 $28,500 $30,800 $33,100 $35,350 $37,650
80% AMI Income Limits
Renters earning up to 80% of the Chaves County AMI may qualify for rental assistance programs that target Low Income households.
$31,950 $36,500 $41,050 $45,600 $49,250 $52,900 $56,550 $60,200

Cities In Chaves County

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

City Served By
Dexter The HUD funded Public Housing Agency that serves Dexter is the Eastern Regional Housing Authority.
Hagerman The HUD funded Public Housing Agency that serves Hagerman is the Eastern Regional Housing Authority.
Lake Arthur The HUD funded Public Housing Agency that serves Lake Arthur is the Eastern Regional Housing Authority.
Midway The HUD funded Public Housing Agency that serves Midway is the Eastern Regional Housing Authority.
Roswell The HUD funded Public Housing Agency that serves Roswell is the Eastern Regional Housing Authority.