Affordable Housing In Lake Arthur
Chaves County, New Mexico

Section 8 Vouchers, Apartments, and Waiting Lists in Lake Arthur, 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 Lake Arthur, New Mexico

Housing Authority Programs
Eastern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Lake Arthur, New Mexico

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Lake Arthur, New Mexico.

Income Based Apartments in Lake Arthur, New Mexico

Lake Arthur 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 Lake Arthur, New Mexico

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

Housing Choice Vouchers in Lake Arthur, New Mexico

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Arthur, New Mexico for a two-bedroom apartment is between $733 and $895.

2022 Lake Arthur, 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
Lake Arthur, New Mexico Fair Market Rent $613 $618 $814 $1,051 $1,169
Lake Arthur, New Mexico Payment Standard Range $552 to $674 $556 to $680 $733 to $895 $946 to $1,156 $1,052 to $1,286

Sourced from federal housing data and AffordableHousingOnline.com research.

Lake Arthur, 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 15.11%
Average Renter Household Size 1.71
Average Household Size 3.14
Median Household Income $60,417 ±$18,295
Median Rent $458 ±$59
Percentage Of Renters Overburdened 0% ± 104.76pp
Total Population 436

Population and Household Demographics

Lake Arthur is a city in Chaves County, New Mexico with a population of 436. There are 139 households in the city with an average household size of 3.14 persons. 15.11% of households in Lake Arthur are renters.

Income and Rent Overburden in Lake Arthur

The median gross income for households in Lake Arthur is $60,417 a year, or $5,035 a month. The median rent for the city is $458 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lake Arthur, a household making less than $1,527 a month would be considered overburdened when renting an apartment at or above the median rent. 0% of households who rent are overburdened in Lake Arthur.

Area Median Income In Lake Arthur

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 Lake Arthur, the AMI is calculated from all households within Chaves County.

In Lake Arthur, HUD calculates the Area Median Income for a family of four as $53,500

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 Lake Arthur

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 Lake Arthur

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 Lake Arthur AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $29,500 $31,700 $33,900 $36,050
50% AMI Income Limits
Renters earning up to 50% of the Lake Arthur AMI may qualify for rental assistance programs that target Very Low Income households.
$19,150 $21,850 $24,600 $27,300 $29,500 $31,700 $33,900 $36,050
80% AMI Income Limits
Renters earning up to 80% of the Lake Arthur AMI may qualify for rental assistance programs that target Low Income households.
$30,600 $35,000 $39,350 $43,700 $47,200 $50,700 $54,200 $57,700