Cielo De Oro Senior Housing Apartments

1700 W Hendricks St, Roswell, New Mexico 88203

Studio & one bedroom units located in Roswell, NM. 

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Units

Unit (Bd/Ba) Ft2 Rent
Studio (1/1) 414 Call for Price
One Bedroom (1/1) 534 Call for Price

Cielo De Oro Senior Housing Apartments Details

  • 30 1 bedroom units.
  • Section 202 Supportive Housing for the Elderly
  • Low-Income Housing Tax Credit (LIHTC)

Property Amenities

  • Community Room
  • Laundry Facility

Unit Amenities

  • All Appliances included
  • Sewer Included
  • Trash Included
  • Water Included
  • Mini Blinds & Curtain Rods

Nearby Amenities

  • Close to Shopping

Section 202 Supportive Housing for the Elderly

Since this property was built or renovated using funding from HUD's Section 202 Supportive Housing for the Elderly program, residency is usually restricted to households earning 50% of the Area Median Income (AMI) or less with at least one member age 62 years or older. Tenants pay rent based on household income. This rent is usually the highest of the following three amounts: either 30% adjusted monthly income, or 10% unadjusted monthly income, or, if receiving welfare assistance, the housing costs portion of this assistance.

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.

Roswell HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Roswell but actual income limits may differ for units at Cielo De Oro Senior Housing Apartments.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $13,590 $18,310 $23,030 $27,750 $32,470 $35,400 $37,850 $40,300
50% $21,350 $24,400 $27,450 $30,500 $32,950 $35,400 $37,850 $40,300
80% $34,200 $39,050 $43,950 $48,800 $52,750 $56,650 $60,550 $64,450

Cielo De Oro Senior Housing Apartments is managed by Tierra del Sol Housing Corp..

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