About This Property
Santa Teresa Terrace Apartments comprises 112 low-income residential units in Santa Teresa, New Mexico, consisting of 48 two-bedroom and 64 three-bedroom units. The property was placed in service in 1998 and operates under 9% Low-Income Housing Tax Credit financing. Management services are available through the property contact information.
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 Santa Teresa, 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 Santa Teresa Terrace Apts is typically 30% of household income or less.
What size apartments are available at Santa Teresa Terrace Apts?+
Santa Teresa Terrace Apts offers the following unit types: 48 Two-Bedroom, 64 Three-Bedroom units, for a total of 112 units.
Who manages Santa Teresa Terrace Apts?+
Santa Teresa Terrace Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Santa Teresa Terrace Apts?+
Santa Teresa Terrace 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.
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.
What is the price range for apartments in Santa Teresa, NM?+
Based on Fair Market Rent for Dona Ana County, the estimated price range is: 2-bedroom: $989, 3-bedroom: $1383. Actual rent at Santa Teresa Terrace Apts may be lower for income-eligible households.
Contact Information
Location
Dona Ana County, NM
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