Affordable Housing In Isleta Village Proper
Bernalillo County,
New Mexico
Section 8 Vouchers, Apartments, and Waiting Lists in Isleta Village Proper, 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 Isleta Village Proper, New Mexico
| Housing Authority | Programs |
|---|---|
| Bernalillo County Housing Department | Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH); Family Unification Program (FUP) |
| 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 $896 and $1,096.
2022 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 | |
|---|---|---|---|---|---|
| Isleta Village Proper, New Mexico Fair Market Rent | $666 | $821 | $996 | $1,415 | $1,705 |
| Isleta Village Proper, New Mexico Payment Standard Range | $599 to $733 | $739 to $903 | $896 to $1,096 | $1,274 to $1,557 | $1,535 to $1,876 |
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 $67,500
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
| 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 Isleta Village Proper AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$14,200 | $17,420 | $21,960 | $26,500 | $31,040 | $35,580 | $40,120 | $44,550 |
| 50% AMI Income Limits Renters earning up to 50% of the Isleta Village Proper AMI may qualify for rental assistance programs that target Very Low Income households. |
$23,650 | $27,000 | $30,400 | $33,750 | $36,450 | $39,150 | $41,850 | $44,550 |
| 80% AMI Income Limits Renters earning up to 80% of the Isleta Village Proper AMI may qualify for rental assistance programs that target Low Income households. |
$37,800 | $43,200 | $48,600 | $54,000 | $58,350 | $62,650 | $67,000 | $71,300 |
