Low Income (LIHTC)Waitlist Closed

New Mexico Housing Fund V Iii

6517 Saint Josephs Ave NW, Albuquerque, NM, 87120

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

New Mexico Housing Fund V III offers 1 low-income residential unit in Albuquerque, Bernalillo County. The property is non-profit owned and provides affordable housing options for eligible residents.

Waitlist Information

Waitlist managed by City of Albuquerque Housing Authority

Public Housing Waitlist

Closed

A family's income cannot exceed 80 percent of Albuquerque's median income. Preferences include involuntarily displaced, victims of natural disaster, those needing to avoid reprisals, employed/students/job training, disabled, or elderly applicants.

Last verified February 27, 2026

Section 8 (HCV) Waitlist

Closed

A family's income cannot exceed 50 percent of Albuquerque's median income. Preferences include involuntarily displaced, victims of natural disaster, those needing to avoid reprisals, employed/students/job training, disabled, or elderly applicants.

Last verified February 27, 2026

Waitlist data provided by section8waitlist.org

Updated April 18, 2026

Property Details

Total Units

Fair Market Rent - Bernalillo County, NM

FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.

Bedrooms	FMR
Studio/Efficiency	$828
1 Bedroom	$1,005
2 Bedroom	$1,222
3 Bedroom	$1,722
4 Bedroom	$2,064

Income Limits - Bernalillo County, NM

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $14,200
Very Low (50%): $23,650
Low (80%): $37,800

2 Persons

Extremely Low (30%): $17,420
Very Low (50%): $27,000
Low (80%): $43,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $30,400
Low (80%): $48,600

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $33,750
Low (80%): $54,000

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $36,450
Low (80%): $58,350

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $39,150
Low (80%): $62,650

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $41,850
Low (80%): $67,000

8 Persons

Extremely Low (30%): $44,550
Very Low (50%): $44,550
Low (80%): $71,300

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$14,200	$23,650	$37,800
2 Persons	$17,420	$27,000	$43,200
3 Persons	$21,960	$30,400	$48,600
4 Persons	$26,500	$33,750	$54,000
5 Persons	$31,040	$36,450	$58,350
6 Persons	$35,580	$39,150	$62,650
7 Persons	$40,120	$41,850	$67,000
8 Persons	$44,550	$44,550	$71,300

Tax Credit Program Details

Year Placed in Service

8888

Low-Income Units

1 / 1

Designations

Non-Profit

Frequently Asked Questions

What is the average rent for affordable housing in Albuquerque, NM?+

The Fair Market Rent (FMR) for Bernalillo County, NM is: $828 (Studio), $1005 (1BR), $1222 (2BR), $1722 (3BR), $2064 (4BR). Actual rent at subsidized properties like New Mexico Housing Fund V Iii is typically 30% of household income or less.

What are the income limits for affordable housing in Bernalillo County, NM?+

For a 4-person household in Bernalillo County, NM, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,750, Low Income (80% AMI): $54,000. These limits are set by HUD and updated annually.

Is there a waitlist for New Mexico Housing Fund V Iii?+

Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.

How do I apply for housing at New Mexico Housing Fund V Iii?+

New Mexico Housing Fund V Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.

Who manages New Mexico Housing Fund V Iii?+

New Mexico Housing Fund V Iii is managed by . You can reach them at . Visit their website for more information.

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