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Affordable Housing In Isleta Village Proper
Bernalillo County, New Mexico

Housing Authorities that serve Isleta Village Proper

Housing Authority Programs
Bernalillo County Housing Department Section 8 Housing Choice Voucher (HCV); Public Housing
Albuquerque Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Section 8 Project-Based Voucher (PBV); Rental Assistance Demonstration (RAD)

Guide To Affordable Housing in Isleta Village Proper, New Mexico

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Isleta Village Proper, New Mexico.

Income Based Apartments in Isleta Village Proper, New Mexico

Isleta Village Proper 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 Isleta Village Proper, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Isleta Village Proper.

Housing Choice Vouchers in Isleta Village Proper, New Mexico

On average, Section 8 Housing Choice vouchers pay Isleta Village Proper landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Isleta Village Proper.

The maximum amount a voucher would pay on behalf of a low-income tenant in Isleta Village Proper, New Mexico for a two-bedroom apartment is between $789 and $965.

2020 Isleta Village Proper, 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
Fair Market Rent $571 $713 $877 $1,265 $1,506
Payment Standard Range $514 to $628 $642 to $784 $789 to $965 $1,139 to $1,392 $1,355 to $1,657

Sourced from federal housing data and AffordableHousingOnline.com research.

Isleta Village Proper, 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 13.54%
Average Renter Household Size 2.35
Average Household Size 2.65
Median Household Income $37,500 ±$31,124
Median Rent $0 ±$0
Percentage Of Renters Overburdened 0% ± 84.62pp
Total Population 509

Population and Household Demographics

Isleta Village Proper is a city in Bernalillo County, New Mexico with a population of 509. There are 192 households in the city with an average household size of 2.65 persons. 13.54% of households in Isleta Village Proper are renters.

Income and Rent Overburden in Isleta Village Proper

The median gross income for households in Isleta Village Proper is $37,500 a year, or $3,125 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 Isleta Village Proper, a household making less than $0 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Isleta Village Proper.

Area Median Income In Isleta Village Proper

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 Isleta Village Proper, the AMI is calculated from all households within Bernalillo County.

In Isleta Village Proper, HUD calculates the Area Median Income for a family of four as $69,100

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 Isleta Village Proper

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 Isleta Village Proper

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,550 $17,240 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $24,200 $27,650 $31,100 $34,550 $37,350 $40,100 $42,850 $45,650
80% of Median $38,750 $44,250 $49,800 $55,300 $59,750 $64,150 $68,600 $73,000