Alta Tierra Apartments

1500 E Madrid Ave, Las Cruces, New Mexico 88001

Alta Tierra Apartments offers 2 bedroom units. For more information about leasing, please contact the Alta Tierra leasing office.

Units

Unit (Bd/Ba) Ft2 Rent
1 Bedroom (1/1) 780 Call for Price

Alta Tierra Apartments Details

  • 57 1 bedroom units.
  • $30.00 application fee
  • Low-Income Housing Tax Credit (LIHTC)
  • HOME Investment Partnerships Program

Property Amenities

  • Playground
  • Computer Lab
  • Community Room
  • Business Center
  • Clubhouse
  • High Speed Internet Access
  • Laundry Facility

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Refrigerator
  • Oven and Range
  • Water Trash and Sewer Included
  • Heat and Air

Nearby Amenities

  • Near Schools

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Las Cruces Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Las Cruces but actual income limits may differ for units at Alta Tierra Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $21,350 $24,400 $27,450 $30,500 $32,950 $35,400 $37,850 $40,300
Low Income (60%) $25,620 $29,280 $32,940 $36,600 $39,540 $42,480 $45,420 $48,360

Alta Tierra Apartments is managed by JL Gray Company.

Image of Alta Tierra Apartments

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