Affordable Housing In East Pecos
San Miguel County,
Housing Authorities that serve East Pecos
|Bernalillo County Housing Department||Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP)|
|Northern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)|
|Housing Authority of the County of San Miguel||Public Housing|
|Housing Authority of San Miguel County||Section 8 Housing Choice Voucher (HCV)|
Guide To Affordable Housing in East Pecos, New Mexico
There are 0 low income housing apartment communities offering 0 affordable apartments for rent in East Pecos, New Mexico.
Income Based Apartments in East Pecos, New Mexico
East Pecos features 0 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 East Pecos, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in East Pecos.
Housing Choice Vouchers in East Pecos, New Mexico
On average, Section 8 Housing Choice vouchers pay East Pecos landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in East Pecos.
The maximum amount a voucher would pay on behalf of a low-income tenant in East Pecos, New Mexico for a two-bedroom apartment is between $720 and $880.
2021 East Pecos, 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|
|East Pecos, New Mexico Fair Market Rent||$673||$677||$800||$1,054||$1,085|
|East Pecos, New Mexico Payment Standard Range||$606 to $740||$609 to $745||$720 to $880||$949 to $1,159||$977 to $1,194|
Sourced from federal housing data and AffordableHousingOnline.com research.
East Pecos, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||0|
|Total Low Income Apartments||0|
|Total Housing Units with Rental Assistance||0|
|Percentage of Housing Units Occupied By Renters||41.63%|
|Average Renter Household Size||3.81|
|Average Household Size||2.44|
|Median Household Income||$26,581 ±$20,876|
|Median Rent||$0 ±$0|
|Percentage Of Renters Overburdened||77.32% ± 62.48pp|
Population and Household Demographics
East Pecos is a city in San Miguel County, New Mexico with a population of 569. There are 233 households in the city with an average household size of 2.44 persons. 41.63% of households in East Pecos are renters.
Income and Rent Overburden in East Pecos
The median gross income for households in East Pecos is $26,581 a year, or $2,215 a month. The median rent for the city is $0 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In East Pecos, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 77.32% of households who rent are overburdened in East Pecos.
Area Median Income In East Pecos
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.
HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For East Pecos, the AMI is calculated from all households within San Miguel County.
In East Pecos, HUD calculates the Area Median Income for a family of four as $43,100
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 East Pecos
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 East Pecos
|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 East Pecos AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the East Pecos AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the East Pecos AMI may qualify for rental assistance programs that target Low Income households.