About This Property
Valle Verde I Apartments comprises 36 low-income units in Placitas, New Mexico, serving families with a mix of one-, two-, three-, and four-bedroom floor plans. The property opened in 2019 and operates under 4% Low-Income Housing Tax Credit funding with HOME program support. A non-profit organization owns and manages the development.
Property Details
Fair Market Rent - Dona Ana 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 | $739 |
| 1 Bedroom | $881 |
| 2 Bedroom | $989 |
| 3 Bedroom | $1,383 |
| 4 Bedroom | $1,562 |
Income Limits - Dona Ana County, NM
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,150
- Low (80%)
- $30,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,850
- Low (80%)
- $35,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,600
- Low (80%)
- $39,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,300
- Low (80%)
- $43,700
- Extremely Low (30%)
- $29,500
- Very Low (50%)
- $29,500
- Low (80%)
- $47,200
- Extremely Low (30%)
- $31,700
- Very Low (50%)
- $31,700
- Low (80%)
- $50,700
- Extremely Low (30%)
- $33,900
- Very Low (50%)
- $33,900
- Low (80%)
- $54,200
- Extremely Low (30%)
- $36,050
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,150 | $30,600 |
| 2 Persons | $17,420 | $21,850 | $35,000 |
| 3 Persons | $21,960 | $24,600 | $39,350 |
| 4 Persons | $26,500 | $27,300 | $43,700 |
| 5 Persons | $29,500 | $29,500 | $47,200 |
| 6 Persons | $31,700 | $31,700 | $50,700 |
| 7 Persons | $33,900 | $33,900 | $54,200 |
| 8 Persons | $36,050 | $36,050 | $57,700 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Placitas, NM?+
The Fair Market Rent (FMR) for Dona Ana County, NM is: $739 (Studio), $881 (1BR), $989 (2BR), $1383 (3BR), $1562 (4BR). Actual rent at subsidized properties like Valle Verde I Apartments is typically 30% of household income or less.
What size apartments are available at Valle Verde I Apartments?+
Valle Verde I Apartments offers the following unit types: 6 One-Bedroom, 12 Two-Bedroom, 16 Three-Bedroom, 2 Four-Bedroom units, for a total of 36 units.
How do I apply for housing at Valle Verde I Apartments?+
Valle Verde I Apartments is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , 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 Valle Verde I Apartments?+
Valle Verde I Apartments is managed by . You can reach them at .
What is the price range for apartments in Placitas, NM?+
Based on Fair Market Rent for Dona Ana County, the estimated price range is: 1-bedroom: $881, 2-bedroom: $989, 3-bedroom: $1383. Actual rent at Valle Verde I Apartments may be lower for income-eligible households.
Who is eligible to live at Valle Verde I Apartments?+
Valle Verde I Apartments primarily serves families. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What are the income limits for affordable housing in Dona Ana County, NM?+
For a 4-person household in Dona Ana County, NM, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,300, Low Income (80% AMI): $43,700. These limits are set by HUD and updated annually.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.