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Collins Drive Apartments

2505 Collins Dr
Las Vegas, New Mexico
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Property Details

  • 32 units.
  • Project-Based Rental Assistance

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 515 properties, insures renters only pay 30% of their adjusted income towards rent.USDA Rural Development Rental Assistance may not be available for all units at this property.

Las Vegas HUD Rental Assistance Income Qualifications

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30%$12,140$16,460$20,780$25,100$29,000$31,150$33,300$35,450
50%$18,800$21,500$24,200$26,850$29,000$31,150$33,300$35,450
80%$30,100$34,400$38,700$42,950$46,400$49,850$53,300$56,700

Collins Drive Apartments receives rental subsidies through HUD's Project Based Section 8 program for some or all of its apartments. Some units may be designated as market rate housing.

You can make up to 80% of the Area Median Income (AMI) and be eligible for a Project Based Section 8 Program unit. Market rate units would have no subsidies or income restrictions.

Figuring out income and rent limits for affordable housing can be complex when more than one Federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

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