Low Income Apartments In San Miguel County
New Mexico
Low Income Apartments In San Miguel County
Vista Gallinas Apartments
There are 13 low income housing apartment complexes which contain 854 affordable apartments for rent in San Miguel County, New Mexico. Many of these rental apartments are income based housing with about 472 apartments that set rent based on your income. Often referred to as "HUD apartments", there are 0 Project-Based Section 8 subsidized apartments in San Miguel County. There are 382 other low income apartments that don't have rental assistance but are still considered to be affordable housing for low income families.
Housing Authorities that serve San Miguel County
| Housing Authority | Programs |
|---|---|
| Housing Authority of the County of San Miguel | Public Housing |
| Housing Authority of San Miguel County | Section 8 Housing Choice Voucher |
| Northern Regional Housing Authority | Section 8 Housing Choice Voucher; Public Housing; Veteran Affairs Supportive Housing |
| Bernalillo County Housing Department | Section 8 Housing Choice Voucher; Public Housing |
Other Housing Authorities located in San Miguel County
| Housing Authority | Programs |
|---|---|
| Housing Authority of the City of Las Vegas | Public Housing |
| Housing Authority of the Village of Pecos | Public Housing |
Guide To Affordable Housing in San Miguel County, New Mexico
San Miguel County, NM Affordable Housing Snapshot
| Total Affordable Apartment Properties | 13 |
|---|---|
| Total Low Income Apartments | 854 |
| Total Rent Assisted Apartments | 472 |
| Percentage of Housing Units Occupied By Renters | 27.86% |
| Average Renter Household Size | 2.32 |
| Total Population | 28,668 |
| Housing Units | 10,788 |
| Average Household Size | 2.51 |
| Median Household Income | $29,237 ±$2,717 |
| Median Rent | $625 ±$38 |
| Percentage Of Renters Overburdened | 49.22% ± 6.54pp |
Population and Household Demographics
San Miguel County is a County in New Mexico with a population of 28,668. There are 10,788 households in the county with an average household size of 2.51 persons. 27.86% of households in San Miguel County are renters.
Income and Rent Overburden in San Miguel County
The median gross income for households in San Miguel County is $29,237 a year, or $2,436 a month. The median rent for the county is $625 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In San Miguel County, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 49.22% of households who rent are overburdened in San Miguel County.1
Area Median Income In San Miguel 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 San Miguel County, HUD calculates the Area Median Income for a family of four as $45,700
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 San Miguel 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 San Miguel County HUD Rental Assistance in San Miguel County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 30% of Median | $12,140 | $16,460 | $20,780 | $25,100 | $29,000 | $31,150 | $33,300 | $35,450 |
| 50% of Median | $18,800 | $21,500 | $24,200 | $26,850 | $29,000 | $31,150 | $33,300 | $35,450 |
| 80% of Median | $30,100 | $34,400 | $38,700 | $42,950 | $46,400 | $49,850 | $53,300 | $56,700 |
Low Income Housing Tax Credits in San Miguel County
The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.
From 1993 to 2002, 4 low income apartment communities containing 290 rental apartments have been constructed and made affordable to low income persons in San Miguel County by the Low Income Housing Tax Credit Program.
If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.
Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.
Income Qualifications for Low Income Housing Tax Credit Apartments in San Miguel County
| Income | 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person |
|---|---|---|---|---|---|---|---|---|
| 60% of Median | $22,560 | $25,800 | $29,040 | $32,220 | $34,800 | $37,380 | $39,960 | $42,540 |
For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in San Miguel County is $29,040 a year, or $2,420 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,420 by 30% to get a maximum rent of $726 a month.
Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.
| % of AMI | Studio | 1 Bed | 2 Bed | 3 Bed | 4 Bed | 5 Bed |
|---|---|---|---|---|---|---|
| 50% | $470 | $504 | $605 | $698 | $779 | $859 |
| 60% | $564 | $605 | $726 | $838 | $935 | $1,031 |
Fair Market Rents in San Miguel County
Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.
2019 Fair Market Rents
| Studio | One BR | Two BR | Three BR | Four BR |
|---|---|---|---|---|
| $628 | $660 | $817 | $1,037 | $1,208 |
Cities In San Miguel County
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