Affordable Housing In Rio Arriba County
7 Low Income Apartment Communities In Rio Arriba County
Housing Authorities that serve Rio Arriba County
|Housing Authority of the County of Rio Arriba||Section 8 Housing Choice Voucher (HCV); Public Housing|
|Northern Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)|
Guide To Affordable Housing in Rio Arriba County, New Mexico
There are 7 low income housing apartment communities offering 515 affordable apartments for rent in Rio Arriba County, New Mexico.
Income Based Apartments in Rio Arriba County, New Mexico
Rio Arriba County features 325 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 Rio Arriba County, New Mexico
There are 190 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rio Arriba County.
Housing Choice Vouchers in Rio Arriba County, New Mexico
On average, Section 8 Housing Choice vouchers pay Rio Arriba County landlords $700 per month towards rent. The average voucher holder contributes $200 towards rent in Rio Arriba County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rio Arriba County, New Mexico for a two-bedroom apartment is between $696 and $850.
2021 Rio Arriba 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|
|Fair Market Rent||$663||$678||$773||$961||$1,048|
|Payment Standard Range||$597 to $729||$610 to $746||$696 to $850||$865 to $1,057||$943 to $1,153|
Sourced from federal housing data and AffordableHousingOnline.com research.
Rio Arriba County, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||7|
|Total Low Income Apartments||515|
|Total Housing Units with Rental Assistance||325|
|Percentage of Housing Units Occupied By Renters||22.35%|
|Average Renter Household Size||2.83|
|Average Household Size||2.86|
|Median Household Income||$36,098 ±$3,101|
|Median Rent||$634 ±$50|
|Percentage Of Renters Overburdened||43.66% ± 6.74pp|
Population and Household Demographics
Rio Arriba County is a county in New Mexico with a population of 39,949. There are 13,730 households in the county with an average household size of 2.86 persons. 22.35% of households in Rio Arriba County are renters.
Income and Rent Overburden in Rio Arriba County
The median gross income for households in Rio Arriba County is $36,098 a year, or $3,008 a month. The median rent for the county is $634 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rio Arriba County, a household making less than $2,113 a month would be considered overburdened when renting an apartment at or above the median rent. 43.66% of households who rent are overburdened in Rio Arriba County.
Area Median Income In Rio Arriba 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 Rio Arriba County, HUD calculates the Area Median Income for a family of four as $48,200
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 Rio Arriba 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 Rio Arriba County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$12,760||$17,240||$21,720||$26,200||$29,650||$31,850||$34,050||$36,250|
|50% of Median||$19,250||$22,000||$24,750||$27,450||$29,650||$31,850||$34,050||$36,250|
|80% of Median||$30,750||$35,150||$39,550||$43,900||$47,450||$50,950||$54,450||$57,950|
Cities In Rio Arriba County
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