Affordable Housing In Mora County
1 Low Income Apartment Communities In Mora County
Housing Authorities that serve Mora County
|Northern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)|
Guide To Affordable Housing in Mora County, New Mexico
There are 1 low income housing apartment communities offering 19 affordable apartments for rent in Mora County, New Mexico.
Income Based Apartments in Mora County, New Mexico
Mora County features 19 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 Mora County, New Mexico
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Mora County.
Housing Choice Vouchers in Mora County, New Mexico
On average, Section 8 Housing Choice vouchers pay Mora County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Mora County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Mora County, New Mexico for a two-bedroom apartment is between $752 and $919.
2021 Mora County, 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|
|Mora County, New Mexico Fair Market Rent||$653||$664||$835||$1,136||$1,405|
|Mora County, New Mexico Payment Standard Range||$588 to $718||$598 to $730||$752 to $919||$1,022 to $1,250||$1,265 to $1,546|
Sourced from federal housing data and AffordableHousingOnline.com research.
Mora County, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||1|
|Total Low Income Apartments||19|
|Total Housing Units with Rental Assistance||19|
|Percentage of Housing Units Occupied By Renters||19.95%|
|Average Renter Household Size||3.11|
|Average Household Size||2.81|
|Median Household Income||$23,822 ±$4,140|
|Median Rent||$640 ±$82|
|Percentage Of Renters Overburdened||46.97% ± 24.13pp|
Population and Household Demographics
Mora County is a county in New Mexico with a population of 4,660. There are 1,654 households in the county with an average household size of 2.81 persons. 19.95% of households in Mora County are renters.
Income and Rent Overburden in Mora County
The median gross income for households in Mora County is $23,822 a year, or $1,985 a month. The median rent for the county is $640 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Mora County, a household making less than $2,133 a month would be considered overburdened when renting an apartment at or above the median rent. 46.97% of households who rent are overburdened in Mora County.
Area Median Income In Mora County
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.
In Mora County, HUD calculates the Area Median Income for a family of four as $40,100
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 Mora County
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 Mora County
|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 Mora County AMI may qualify for rental assistance programs that target Extremely Low Income households.
|50% AMI Income Limits
Renters earning up to 50% of the Mora County AMI may qualify for rental assistance programs that target Very Low Income households.
|80% AMI Income Limits
Renters earning up to 80% of the Mora County AMI may qualify for rental assistance programs that target Low Income households.
Cities In Mora County
Select A City to View its Apartment Communities and Waiting Lists.
|Mora||The HUD funded Public Housing Agency that serves Mora is the Northern Regional Housing Authority.|
|Wagon Mound||The HUD funded Public Housing Agency that serves Wagon Mound is the Northern Regional Housing Authority.|
|Watrous||The HUD funded Public Housing Agency that serves Watrous is the Northern Regional Housing Authority.|