Affordable Housing In Espanola
Rio Arriba County, New Mexico

6 Low Income Apartment Communities In Espanola

Villa Del Norte

737 La Joya Street NE
Espanola, New Mexico
Call For Rent
1-2 BR
Elderly Supportive Housing

Santa Clara Apartments

816 E Chamisal St
Espanola, New Mexico

Espanola Ph

143A Roman Dr
Espanola, New Mexico

737 La Joya Street

737 La Joya St
Espanola, New Mexico

Las Lomas Apartments

600 State Road 76
Espanola, New Mexico

La Vista Del Rio Apartments

911 Avenida Canada
Espanola, New Mexico
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Section 8 Vouchers, Apartments, and Waiting Lists in Espanola, New Mexico

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Espanola, New Mexico

Housing Authority Programs
Housing Authority of the County of Rio Arriba Section 8 Housing Choice Voucher (HCV); Public Housing
Northern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Espanola, New Mexico

There are 6 low income housing apartment communities offering 475 affordable apartments for rent in Espanola, New Mexico.

Income Based Apartments in Espanola, New Mexico

Espanola features 325 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 Espanola, New Mexico

There are 150 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Espanola.

Housing Choice Vouchers in Espanola, New Mexico

On average, Section 8 Housing Choice vouchers pay Espanola landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Espanola.

The maximum amount a voucher would pay on behalf of a low-income tenant in Espanola, New Mexico for a two-bedroom apartment is between $653 and $799.

2022 Espanola, 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
Espanola, New Mexico Fair Market Rent $626 $637 $726 $897 $985
Espanola, New Mexico Payment Standard Range $563 to $689 $573 to $701 $653 to $799 $807 to $987 $887 to $1,084

Sourced from federal housing data and research.

Espanola, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 475
Total Housing Units with Rental Assistance 325
Percentage of Housing Units Occupied By Renters 35.17%
Average Renter Household Size 2.73
Average Household Size 2.68
Median Household Income $30,257 ±$2,396
Median Rent $661 ±$37
Percentage Of Renters Overburdened 51.48% ± 7.52pp
Total Population 10,168

Population and Household Demographics

Espanola is a city in Rio Arriba County, New Mexico with a population of 10,168. There are 3,739 households in the city with an average household size of 2.68 persons. 35.17% of households in Espanola are renters.

Income and Rent Overburden in Espanola

The median gross income for households in Espanola is $30,257 a year, or $2,521 a month. The median rent for the city is $661 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Espanola, a household making less than $2,203 a month would be considered overburdened when renting an apartment at or above the median rent. 51.48% of households who rent are overburdened in Espanola.

Area Median Income In Espanola

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 Espanola, the AMI is calculated from all households within Rio Arriba County.

In Espanola, 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 Espanola

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 Espanola

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 Espanola AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,400 $37,850 $40,300
50% AMI Income Limits
Renters earning up to 50% of the Espanola AMI may qualify for rental assistance programs that target Very Low Income households.
$21,350 $24,400 $27,450 $30,500 $32,950 $35,400 $37,850 $40,300
80% AMI Income Limits
Renters earning up to 80% of the Espanola AMI may qualify for rental assistance programs that target Low Income households.
$34,200 $39,050 $43,950 $48,800 $52,750 $56,650 $60,550 $64,450