Yeso/Jefferson, Hobbs, NM 88240
Waiting List Forecast: Likely Short or None
Verified for 2022 by Ben D. Layfield, Lorena Bentley, Colleen Carter| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 1 - 3 Beds | 1 Bath | 812 - 1,315 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.
This housing opportunity offers great living at an affordable price.
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Playa Escondida does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| One Bedroom (1/1) | 812ft2 | Call for Price† |
| Two Bedroom (2/1) | 1075ft2 | Call for Price† |
| Three Bedroom (3/1) | 1315ft2 | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people |
|---|---|---|---|---|---|---|
| 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 |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Playa Escondida have a waiting list?
Playa Escondida 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 Playa Escondida?
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 Playa Escondida?
Playa Escondida is managed by Tierra Realty Services headquartered in Sante Fe, New Mexico.
In addition to Playa Escondida, how many other affordable housing properties (and units) are there in Hobbs?
In addition to Playa Escondida, 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 Playa Escondida listing last updated?
Playa Escondida listing on Affordable Housing Online was last updated on 06/10/2022 by Ben D. Layfield. Remember, a property's status can change so you should contact the property to confirm.
Always check the program's income limit.
Most federal housing programs serve renters earning 80% or less of the Area Median Income (AMI), or less.Karen Grim says:
"I like Affordable Housing Online because it is easier to navigate than other websites that waste a lot of my time."