Enchanted Vista Apartments

4501 Sprint Blvd NE, Rio Rancho, New Mexico 87144

Enchanted Vista Apartments Details

  • 174 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)

Low-Income Housing Tax Credit (LIHTC)

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.

Rio Rancho Low-Income Housing Tax Credit Income Limits

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 Rio Rancho but actual income limits may differ for units at Enchanted Vista Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $23,650 $27,000 $30,400 $33,750 $36,450 $39,150 $41,850 $44,550
Low Income (60%) $28,380 $32,400 $36,480 $40,500 $43,740 $46,980 $50,220 $53,460

Nearby Low Income Apartment Communities

Buena Vista Active Adult Community

1355 Meadowlark Ln SE
Rio Rancho, New Mexico

Westview Townhomes

Sunset Dr SW
Rio Rancho, New Mexico