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Affordable Housing In Truth Or Consequences
Sierra County, New Mexico

5 Low Income Apartment Communities In Truth Or Consequences

Casa Del Rio Apartments

165 N Silver St
Truth Or Consequences, New Mexico
Subsidized
62+
Accessible
Elderly Supportive Housing

Tradewinds Carriage Apartments

1301 N Pershing St
Truth Or Consequences, New Mexico
Subsidized

Villa Del Sol

401 Coleman St
Truth Or Consequences, New Mexico

Puesta De Sol

600 Tingley St
Truth Or Consequences, New Mexico

Rio Abajo Apartments

1485 E 2nd Ave
Truth Or Consequences, New Mexico
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Housing Authorities that serve Truth Or Consequences

Housing Authority Programs
Truth or Consequences Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Western Regional Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Truth Or Consequences, New Mexico

There are 5 low income housing apartment communities offering 278 affordable apartments for rent in Truth Or Consequences, New Mexico.

Income Based Apartments in Truth Or Consequences, New Mexico

Truth Or Consequences features 216 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 Truth Or Consequences, New Mexico

There are 62 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Truth Or Consequences.

Housing Choice Vouchers in Truth Or Consequences, New Mexico

On average, Section 8 Housing Choice vouchers pay Truth Or Consequences landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Truth Or Consequences.

The maximum amount a voucher would pay on behalf of a low-income tenant in Truth Or Consequences, New Mexico for a two-bedroom apartment is between $677 and $827.

2021 Truth Or Consequences, 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 $496 $571 $752 $1,016 $1,023
Payment Standard Range $446 to $546 $514 to $628 $677 to $827 $914 to $1,118 $921 to $1,125

Sourced from federal housing data and AffordableHousingOnline.com research.

Truth Or Consequences, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 5
Total Low Income Apartments 278
Total Housing Units with Rental Assistance 216
Percentage of Housing Units Occupied By Renters 35.73%
Average Renter Household Size 2.06
Average Household Size 2.08
Median Household Income $26,877 ±$2,314
Median Rent $493 ±$92
Percentage Of Renters Overburdened 38.95% ± 10.22pp
Total Population 6,266

Population and Household Demographics

Truth Or Consequences is a city in Sierra County, New Mexico with a population of 6,266. There are 2,888 households in the city with an average household size of 2.08 persons. 35.73% of households in Truth Or Consequences are renters.

Income and Rent Overburden in Truth Or Consequences

The median gross income for households in Truth Or Consequences is $26,877 a year, or $2,240 a month. The median rent for the city is $493 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Truth Or Consequences, a household making less than $1,643 a month would be considered overburdened when renting an apartment at or above the median rent. 38.95% of households who rent are overburdened in Truth Or Consequences.

Area Median Income In Truth Or Consequences

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 Truth Or Consequences, the AMI is calculated from all households within Sierra County.

In Truth Or Consequences, HUD calculates the Area Median Income for a family of four as $43,400

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 Truth Or Consequences

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 Truth Or Consequences

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