Welcome to Portales Estates, located in the city of Portales, New Mexico. Portales Estates is a Senior Community near grocery stores, pharmacies, banks, restaurants and doctor’s offices. At Portales Estates, residents enjoy abundant apartment and community amenities. The area combines modern conveniences with quiet suburban living. To learn more about our community and all that it has to offer, call 575.359.0610 today.
|One Bedroom (1/1)||-||Call for Price|
|Two Bedroom (2/1)||-||Call for Price|
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.
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 Portales but actual income limits may differ for units at Portales Properties.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$19,250||$22,000||$24,750||$27,450||$29,650||$31,850||$34,050||$36,250|
|Low Income (60%)||$23,100||$26,400||$29,700||$32,940||$35,580||$38,220||$40,860||$43,500|
Portales Properties is managed by Fairway Management, Inc..