Affordable Housing In Torrance County
2 Low Income Apartment Communities In Torrance County
Housing Authorities that serve Torrance County
|Western Regional Housing Authority||Section 8 Housing Choice Voucher (HCV); Public Housing|
Guide To Affordable Housing in Torrance County, New Mexico
There are 2 low income housing apartment communities offering 56 affordable apartments for rent in Torrance County, New Mexico.
Income Based Apartments in Torrance County, New Mexico
Torrance County features 28 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 Torrance County, New Mexico
There are 28 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Torrance County.
Housing Choice Vouchers in Torrance County, New Mexico
On average, Section 8 Housing Choice vouchers pay Torrance County landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Torrance County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Torrance County, New Mexico for a two-bedroom apartment is between $846 and $1,034.
2021 Torrance County, 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||$621||$770||$940||$1,345||$1,617|
|Payment Standard Range||$559 to $683||$693 to $847||$846 to $1,034||$1,211 to $1,480||$1,455 to $1,779|
Sourced from federal housing data and AffordableHousingOnline.com research.
Torrance County, NM Affordable Housing Snapshot
|Total Affordable Apartment Properties||2|
|Total Low Income Apartments||56|
|Total Housing Units with Rental Assistance||28|
|Percentage of Housing Units Occupied By Renters||16.67%|
|Average Renter Household Size||3.44|
|Average Household Size||2.81|
|Median Household Income||$32,083 ±$3,004|
|Median Rent||$732 ±$84|
|Percentage Of Renters Overburdened||45.59% ± 7.46pp|
Population and Household Demographics
Torrance County is a county in New Mexico with a population of 15,853. There are 5,370 households in the county with an average household size of 2.81 persons. 16.67% of households in Torrance County are renters.
Income and Rent Overburden in Torrance County
The median gross income for households in Torrance County is $32,083 a year, or $2,674 a month. The median rent for the county is $732 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Torrance County, a household making less than $2,440 a month would be considered overburdened when renting an apartment at or above the median rent. 45.59% of households who rent are overburdened in Torrance County.
Area Median Income In Torrance 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 Torrance County, HUD calculates the Area Median Income for a family of four as $69,100
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 Torrance 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 HUD Rental Assistance in Torrance County
|Income||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|30% of Median||$14,550||$17,240||$21,720||$26,200||$30,680||$35,160||$39,640||$44,120|
|50% of Median||$24,200||$27,650||$31,100||$34,550||$37,350||$40,100||$42,850||$45,650|
|80% of Median||$38,750||$44,250||$49,800||$55,300||$59,750||$64,150||$68,600||$73,000|
Cities In Torrance County
Select A City to View its Apartment Communities and Waiting Lists.
|Duran||The HUD funded Public Housing Agency that serves Duran is the Western Regional Housing Authority.|
|Encino||The HUD funded Public Housing Agency that serves Encino is the Western Regional Housing Authority.|
|Estancia||The HUD funded Public Housing Agency that serves Estancia is the Western Regional Housing Authority.|
|Indian Hills||The HUD funded Public Housing Agency that serves Indian Hills is the Western Regional Housing Authority.|
|Manzano||The HUD funded Public Housing Agency that serves Manzano is the Western Regional Housing Authority.|
|McIntosh||The HUD funded Public Housing Agency that serves McIntosh is the Western Regional Housing Authority.|
|Moriarty||The HUD funded Public Housing Agency that serves Moriarty is the Western Regional Housing Authority.|
|Mountainair||The HUD funded Public Housing Agency that serves Mountainair is the Western Regional Housing Authority.|
|Tajique||The HUD funded Public Housing Agency that serves Tajique is the Western Regional Housing Authority.|
|Torreon||The HUD funded Public Housing Agency that serves Torreon is the Western Regional Housing Authority.|
|Willard||The HUD funded Public Housing Agency that serves Willard is the Western Regional Housing Authority.|