About This Property
Villa Hermosa Apts comprises 288 low-income units in Albuquerque, New Mexico, with a unit mix of 48 one-bedroom, 216 two-bedroom, and 24 three-bedroom apartments. The property has been in service since 1999 and is financed through tax-exempt bonds and 4% Low-Income Housing Tax Credits. This multifamily residential community serves households earning up to the area median income limits established for the property.
Waitlist Information
Waitlist managed by City of Albuquerque Housing Authority
Public Housing is not currently accepting applications.
The Housing Choice Voucher (HCV) program is not currently accepting applications.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
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.
- Extremely Low (30%)
- $14,200
- Very Low (50%)
- $23,650
- Low (80%)
- $37,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,000
- Low (80%)
- $43,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,400
- Low (80%)
- $48,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,850
- Low (80%)
- $67,000
- 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
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 Villa Hermosa Apts is typically 30% of household income or less.
What size apartments are available at Villa Hermosa Apts?+
Villa Hermosa Apts offers the following unit types: 48 One-Bedroom, 216 Two-Bedroom, 24 Three-Bedroom units, for a total of 288 units.
Is there a waitlist for Villa Hermosa Apts?+
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.
What is the price range for apartments in Albuquerque, NM?+
Based on Fair Market Rent for Bernalillo County, the estimated price range is: 1-bedroom: $1005, 2-bedroom: $1222, 3-bedroom: $1722. Actual rent at Villa Hermosa Apts may be lower for income-eligible households.
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.
Who manages Villa Hermosa Apts?+
Villa Hermosa Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Villa Hermosa Apts?+
Villa Hermosa Apts 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Villa Hermosa Apts
New Mexico Housing Fund V Iii
Albuquerque, NM
1 Units3214-16 Duranes Rd Nw
Albuquerque, NM
4 UnitsNew Mexico Housing Fund Ii
Albuquerque, NM
1 UnitsNew Mexico Housing Fund Iv
Albuquerque, NM
2 UnitsLadera Senior Apts
Albuquerque, NM
114 UnitsNew Mexico Housing Fund Phase Ii
Albuquerque, NM
5 Units