4325 Elks Drive, Las Cruces, NM 88007
Waiting List Forecast: Likely Long or Closed for Rent Assisted units, and Likely Short or None for other affordable units
Verified for 2019 by Lorena Bentley, Joshua Cappell| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | 2 - 4 Beds | 1 - 2 Baths | - |
Since this property is a USDA Section 514 and LIHTC property that might have rental assistance for some or all units, there might be seperate or split waiting lists for rental assistance and non-rental assistance units. In this case, the rental assistance waiting list can be much longer than properties without rental assistance. The non-rental assistance units waiting list is likely much shorter or it may not have a waiting list at all. 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.
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4325 Paseo Del Oro
Las Cruces, NM 88007
Because it participates in the USDA Section 514 Farm Labor Housing program, Paseo del Oro Apartments is likely located in a rural community and may be one of only a few rental housing choices in the area. To qualify for residency in a Section 514 property, you must earn a substantial portion of your income working at a farm or aquaculture facility. As a LIHTC property, there is a good chance most or all units in the property are likely limited to persons earning 60% of AMI. Since this property also participates in USDA's Section 521 Rental Assistance program, residents who earn 50% of the AMI or less may qualify for a subsidy that limits your rent payment to 30% of your income. Some Section 521 properties do not offer rent subsidies to all of the units, so it is possible a person earning 50% or less of the AMI is placed on a subsidy waiting list, They would have to pay the full rent until their name comes up on the list. Since this property has benefited from the LIHTC program, it is likely to be in better condition and offer more amenities than other Section 514/515 properties. These properties are almost always owned and managed by private/corporate owners or nonprofits. If you live in a rural area, work in agriculture or aquaculture, and need help paying your rent, this property may be good for you. Since this property participates in the LIHTC and RD 514 programs, the property is required to accept Section 8 Housing Choice Vouchers.
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| Unit (Bd/Ba) | Ft2 | Rent |
|---|---|---|
| Two Bedroom (2/1) | - | Call for Price† |
| Three Bedroom (3/1.5) | - | Call for Price† |
| Four Bedroom (4/2) | - | Call for Price† |
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $22,650 / year | $25,850 / year | $29,100 / year | $32,300 / year | $34,900 / year | $37,500 / year | $40,100 / year | $42,650 / year |
| 50% AMI for PBRA Units | $22,650 / year | $25,850 / year | $29,100 / year | $32,300 / year | $34,900 / year | $37,500 / year | $40,100 / year | $42,650 / year |
| 60% AMI for LIHTC Units | $27,180 / year | $31,020 / year | $34,920 / year | $38,760 / year | $41,880 / year | $45,000 / year | $48,120 / year | $51,180 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Paseo del Oro Apartments have a waiting list?
Paseo del Oro Apartments probably has a waiting list. Since our research has shown there is a project-based rental assistance associated with this property, the waiting list would be for the rent-assisted units. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Paseo del Oro Apartments?
We believe rents are most likely subsidized at all or some of the units since our research has turned up at least one public housing or rental assistance contract probably associated with this property.
What property management company manges Paseo del Oro Apartments?
Paseo del Oro Apartments is managed by J.L. Gray Company
In addition to Paseo del Oro Apartments, how many other affordable housing properties (and units) are there in Las Cruces?
In addition to Paseo del Oro Apartments, we list 27 other affordable properties in Las Cruces. Learn about these properties here. Our data research shows that there are a total of 2193 affordable units in Las Cruces.
201 Montana Ave, Las Cruces, New Mexico 88005
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