1621 E. Marland Street, Hobbs, NM 88240
Waiting List Forecast: Likely Short or None
Verified for 2022 by Lorena Bentley| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 - 2 Baths | 648 - 1,130 Sq Ft |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Located in Hobbs, NM this housing opportunity offers great living at an affordable price.
Because New Leaf Community participates in HUD's HOME program for rental housing and the LIHTC program, at least some of the units in this property are set aside for households earning 60% or less of the AMI and rents are capped at the local FMR and in many cases much lower. Depending on the number of HOME-designated units and the type of LIHTC program, additional units may have even lower household income requirements and corresponding lower rent caps.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 648ft2 | Call for Price† |
| Two Bedroom (2/1) | 906ft2 | Call for Price† |
| Three Bedroom (3/2) | 1130ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 30% AMI for PBRA Units | $14,580 / year | $19,720 / year | $24,860 / year | $30,000 / year | $35,140 / year | $38,950 / year |
| 50% AMI for LIHTC Units | $23,500 / year | $26,850 / year | $30,200 / year | $33,550 / year | $36,250 / year | $38,950 / year |
| 50% AMI for PBRA Units | $23,500 / year | $26,850 / year | $30,200 / year | $33,550 / year | $36,250 / year | $38,950 / year |
| 60% AMI for LIHTC Units | $28,200 / year | $32,220 / year | $36,240 / year | $40,260 / year | $43,500 / year | $46,740 / year |
| 80% AMI for PBRA Units | $37,600 / year | $43,000 / year | $48,350 / year | $53,700 / year | $58,000 / year | $62,300 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does New Leaf Community have a waiting list?
New Leaf Community probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at New Leaf Community?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges New Leaf Community?
New Leaf Community is managed by Monarch Properties, Inc. headquartered in Albuquerque, NM.
In addition to New Leaf Community, how many other affordable housing properties (and units) are there in Hobbs?
In addition to New Leaf Community, we list 13 other affordable properties in Hobbs. Learn about these properties here. Our data research shows that there are a total of 686 affordable units in Hobbs.
When was the New Leaf Community listing last updated?
New Leaf Community listing on Affordable Housing Online was last updated on 06/10/2022 by Lorena Bentley. Remember, a property's status can change so you should contact the property to confirm.
Section 8 vouchers can be moved to another area.
Once certain conditions are met, a Section 8 voucher may be transferred to another area (known as "porting").Theodore Taylor Jr. says:
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