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Affordable Housing In Ventura
Luna County, New Mexico

Housing Authorities that serve Ventura

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

Guide To Affordable Housing in Ventura, New Mexico

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Ventura, New Mexico.

Income Based Apartments in Ventura, New Mexico

Ventura features 0 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 Ventura, New Mexico

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ventura.

Housing Choice Vouchers in Ventura, New Mexico

On average, Section 8 Housing Choice vouchers pay Ventura landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Ventura.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ventura, New Mexico for a two-bedroom apartment is between $661 and $807.

2021 Ventura, 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
Ventura, New Mexico Fair Market Rent $484 $557 $734 $1,032 $1,271
Ventura, New Mexico Payment Standard Range $436 to $532 $501 to $613 $661 to $807 $929 to $1,135 $1,144 to $1,398

Sourced from federal housing data and AffordableHousingOnline.com research.

Ventura, NM Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters %
Average Renter Household Size 0.00
Average Household Size 1.59
Median Household Income $29,281 ±$15,946
Median Rent $0 ±$0
Total Population 183

Population and Household Demographics

Ventura is a city in Luna County, New Mexico with a population of 183. There are 115 households in the city with an average household size of 1.59 persons. % of households in Ventura are renters.

Income and Rent Overburden in Ventura

The median gross income for households in Ventura is $29,281 a year, or $2,440 a month. The median rent for the city is $0 a month.

Area Median Income In Ventura

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 Ventura, the AMI is calculated from all households within Luna County.

In Ventura, HUD calculates the Area Median Income for a family of four as $38,200

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 Ventura

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 Ventura

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Ventura AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,760 $17,240 $21,720 $26,200 $29,650 $31,850 $34,050 $36,250
50% AMI Income Limits
Renters earning up to 50% of the Ventura AMI may qualify for rental assistance programs that target Very Low Income households.
$19,250 $22,000 $24,750 $27,450 $29,650 $31,850 $34,050 $36,250
80% AMI Income Limits
Renters earning up to 80% of the Ventura AMI may qualify for rental assistance programs that target Low Income households.
$30,750 $35,150 $39,550 $43,900 $47,450 $50,950 $54,450 $57,950