About This Property
Colonial Hillcrest is an affordable housing community in Carlsbad, NM with 75 units available. The property was placed in service in 8888 and is managed locally to serve residents in Eddy County. For more information about availability and lease terms, interested parties can contact the property management office.
Property Details
Fair Market Rent - Eddy 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 | $791 |
| 1 Bedroom | $968 |
| 2 Bedroom | $1,087 |
| 3 Bedroom | $1,532 |
| 4 Bedroom | $1,648 |
Income Limits - Eddy County, NM
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,300
- Very Low (50%)
- $25,550
- Low (80%)
- $40,850
- Extremely Low (30%)
- $17,500
- Very Low (50%)
- $29,200
- Low (80%)
- $46,650
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,500
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,450
- Low (80%)
- $58,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,300
- Low (80%)
- $67,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,200
- Low (80%)
- $72,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,150
- Low (80%)
- $77,000
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,300 | $25,550 | $40,850 |
| 2 Persons | $17,500 | $29,200 | $46,650 |
| 3 Persons | $21,960 | $32,850 | $52,500 |
| 4 Persons | $26,500 | $36,450 | $58,300 |
| 5 Persons | $31,040 | $39,400 | $63,000 |
| 6 Persons | $35,580 | $42,300 | $67,650 |
| 7 Persons | $40,120 | $45,200 | $72,300 |
| 8 Persons | $44,660 | $48,150 | $77,000 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Carlsbad, NM?+
The Fair Market Rent (FMR) for Eddy County, NM is: $791 (Studio), $968 (1BR), $1087 (2BR), $1532 (3BR), $1648 (4BR). Actual rent at subsidized properties like Colonial Hillcrest is typically 30% of household income or less.
What are the income limits for affordable housing in Eddy County, NM?+
For a 4-person household in Eddy County, NM, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,450, Low Income (80% AMI): $58,300. These limits are set by HUD and updated annually.
Who manages Colonial Hillcrest?+
Colonial Hillcrest is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Colonial Hillcrest?+
Colonial Hillcrest 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.