Affordable Housing In Colfax County
7 Low Income Apartment Communities In Colfax County
Housing Authorities that serve Colfax County
|Northern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)|
Guide To Affordable Housing in Colfax County, New Mexico
There are 7 low income housing apartment communities offering 409 affordable apartments for rent in Colfax County, New Mexico.
Income Based Apartments in Colfax County, New Mexico
Colfax County features 311 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 Colfax County, New Mexico
There are 98 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Colfax County.
Housing Choice Vouchers in Colfax County, New Mexico
On average, Section 8 Housing Choice vouchers pay Colfax County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Colfax County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Colfax County, New Mexico for a two-bedroom apartment is between $695 and $849.
2021 Colfax 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|
|Colfax County, New Mexico Fair Market Rent||$583||$587||$772||$960||$1,092|
|Colfax County, New Mexico Payment Standard Range||$525 to $641||$528 to $646||$695 to $849||$864 to $1,056||$983 to $1,201|
Sourced from federal housing data and AffordableHousingOnline.com research.
Colfax County, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||409|
|Total Housing Units with Rental Assistance||311|
|Percentage of Housing Units Occupied By Renters||30.2%|
|Average Renter Household Size||2.23|
|Average Household Size||2.26|
|Median Household Income||$32,380 ±$3,520|
|Median Rent||$586 ±$45|
|Percentage Of Renters Overburdened||40% ± 8.11pp|
Population and Household Demographics
Colfax County is a county in New Mexico with a population of 12,997. There are 5,546 households in the county with an average household size of 2.26 persons. 30.2% of households in Colfax County are renters.
Income and Rent Overburden in Colfax County
The median gross income for households in Colfax County is $32,380 a year, or $2,698 a month. The median rent for the county is $586 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Colfax County, a household making less than $1,953 a month would be considered overburdened when renting an apartment at or above the median rent. 40% of households who rent are overburdened in Colfax County.
Area Median Income In Colfax 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 Colfax County, HUD calculates the Area Median Income for a family of four as $49,700
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 Colfax 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 Colfax 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 Colfax County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Colfax County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Colfax County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Colfax County
Select A City to View its Apartment Communities and Waiting Lists.
|Angel Fire||The HUD funded Public Housing Agency that serves Angel Fire is the Northern Regional Housing Authority.|
|Cimarron||The HUD funded Public Housing Agency that serves Cimarron is the Northern Regional Housing Authority.|
|Eagle Nest||The HUD funded Public Housing Agency that serves Eagle Nest is the Northern Regional Housing Authority.|
|Maxwell||The HUD funded Public Housing Agency that serves Maxwell is the Northern Regional Housing Authority.|
|Raton||The HUD funded Public Housing Agencies that serve Raton are the Housing Authority of the City of Raton and Northern Regional Housing Authority.|
|Springer||The HUD funded Public Housing Agency that serves Springer is the Northern Regional Housing Authority.|
|Ute Park||The HUD funded Public Housing Agency that serves Ute Park is the Northern Regional Housing Authority.|