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Affordable Housing In Taos
Taos County, New Mexico

7 Low Income Apartment Communities In Taos

Tierra Montosa Apartments

750 Gusdorf Rd
Taos, New Mexico

Vista Del Sur Pud Coner

Vista del Sur Pud Corner of Charnis
Taos, New Mexico

El Cerrito Apartments

250 Paseo del Canon E
Taos, New Mexico

Operation Breakthrough

102 Gusdorf Pl
Taos, New Mexico

New Mexico

400 Weimer Rd
Taos, New Mexico

Loma Parda

1200 Camino de La Cruz
Taos, New Mexico

Mariposa Apartments

201 Mariposa Place
Taos, New Mexico
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Housing Authorities that serve Taos

Housing Authority Programs
Northern Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Veteran Affairs Supportive Housing (VASH)

Guide To Affordable Housing in Taos, New Mexico

There are 7 low income housing apartment communities offering 415 affordable apartments for rent in Taos, New Mexico.

Income Based Apartments in Taos, New Mexico

Taos features 221 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 Taos, New Mexico

There are 194 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Taos.

Housing Choice Vouchers in Taos, New Mexico

On average, Section 8 Housing Choice vouchers pay Taos landlords $400 per month towards rent. The average voucher holder contributes $200 towards rent in Taos.

The maximum amount a voucher would pay on behalf of a low-income tenant in Taos, New Mexico for a two-bedroom apartment is between $828 and $1,012.

2021 Taos, 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 $756 $760 $920 $1,144 $1,593
Payment Standard Range $680 to $832 $684 to $836 $828 to $1,012 $1,030 to $1,258 $1,434 to $1,752

Sourced from federal housing data and AffordableHousingOnline.com research.

Taos, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 415
Total Housing Units with Rental Assistance 221
Percentage of Housing Units Occupied By Renters 50.17%
Average Renter Household Size 1.85
Average Household Size 2.12
Median Household Income $31,112 ±$2,375
Median Rent $696 ±$90
Percentage Of Renters Overburdened 54.79% ± 11.37pp
Total Population 5,711

Population and Household Demographics

Taos is a city in Taos County, New Mexico with a population of 5,711. There are 2,579 households in the city with an average household size of 2.12 persons. 50.17% of households in Taos are renters.

Income and Rent Overburden in Taos

The median gross income for households in Taos is $31,112 a year, or $2,593 a month. The median rent for the city is $696 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Taos, a household making less than $2,320 a month would be considered overburdened when renting an apartment at or above the median rent. 54.79% of households who rent are overburdened in Taos.

Area Median Income In Taos

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 Taos, the AMI is calculated from all households within Taos County.

In Taos, HUD calculates the Area Median Income for a family of four as $48,800

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 Taos

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 Taos

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