Affordable Housing In Santa Fe
Santa Fe County, New Mexico

26 Low Income Apartment Communities In Santa Fe

Las Palomas Apartments

2001 Hopewell Street
Santa Fe, NM
$600-772
Studio-2 BR
HCV Welcome

Villa Consuelo Apartments

1200 Camino Consuelo
Santa Fe, NM
Call For Rent
1 BR
HCV Welcome
Subsidized

Casa Milagro

49 Camino Bajo
Santa Fe, NM
Accessible
Disabled Supportive Housing
Subsidized

Challenge New Mexico Svcs for Hdcp

631 Agua Fria St
Santa Fe, NM
62+
Accessible
Elderly Supportive Housing
Subsidized

Challenge New Mexico Group Home One

1888 Calle Quedo
Santa Fe, NM
62+
Accessible
Elderly Supportive Housing
Subsidized

Encino Villa

1501 Montano St
Santa Fe, NM
62+
Accessible
Elderly Supportive Housing
Subsidized

Challenge New Mexico Group Home Two

1868 Vista del Sur
Santa Fe, NM
62+
Accessible
Elderly Supportive Housing
Subsidized

Ventana De Vida Senior Apartments

1500 Pacheco St
Santa Fe, NM
HCV Welcome

Country Club Apartments

1002 Airport Rd
Santa Fe, NM
HCV Welcome

Casa Rufina Phase II

2323 Casa Rufina Rd
Santa Fe, NM
HCV Welcome

Housing Authorities that serve Santa Fe

Housing Authority Programs
Santa Fe Civic Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Other Housing Authorities located in Santa Fe

Housing Authority Programs
Housing Authority of the County of Santa Fe Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Santa Fe, New Mexico

There are 26 low income housing apartment communities offering 2,563 affordable apartments for rent in Santa Fe, New Mexico. Santa Fe features 735 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 1,828 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Santa Fe.

Sourced from federal housing data and AffordableHousingOnline.com research.

Santa Fe, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 26
Total Low Income Apartments 2,563
Total Housing Units with Rental Assistance 735
Percentage of Housing Units Occupied By Renters 38.54%
Average Renter Household Size 2.19
Average Household Size 2.29
Median Household Income $50,737 ±$1,409
Median Rent $952 ±$18
Percentage Of Renters Overburdened 48.29% ± 3.09pp
Total Population 83,008

Population and Household Demographics

Santa Fe is a City in Santa Fe County, New Mexico with a population of 83,008. There are 35,592 households in the city with an average household size of 2.29 persons. 38.54% of households in Santa Fe are renters.

Income and Rent Overburden in Santa Fe

The median gross income for households in Santa Fe is $50,737 a year, or $4,228 a month. The median rent for the city is $952 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Santa Fe, a household making less than $3,173 a month would be considered overburdened when renting an apartment at or above the median rent. 48.29% of households who rent are overburdened in Santa Fe.1

Area Median Income In Santa Fe

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Santa Fe, the AMI is calculated from all households within Santa Fe County.

In Santa Fe, HUD calculates the Area Median Income for a family of four as $73,200

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 Santa Fe

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 Santa Fe HUD Rental Assistance in Santa Fe

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,400 $17,600 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
80% of Median $41,000 $46,850 $52,700 $58,550 $63,250 $67,950 $72,650 $77,300
Low Income Housing Tax Credits in Santa Fe

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2007, 13 low income apartment communities containing 2,106 rental apartments have been constructed and made affordable to low income persons in Santa Fe 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 Santa Fe

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $25,650 $29,300 $32,950 $36,600 $39,550 $42,500 $45,400 $48,350
60% of Median $30,780 $35,160 $39,540 $43,920 $47,460 $51,000 $54,480 $58,020

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 Santa Fe is $39,540 a year, or $3,295 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,295 by 30% to get a maximum rent of $989 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% $641 $687 $824 $952 $1,063 $1,172
60% $770 $824 $989 $1,142 $1,275 $1,406
Fair Market Rents in Santa Fe

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.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$802 $928 $1,057 $1,376 $1,534