About This Property
King Arthur's Court is a 28-unit affordable housing property in Lordsburg, NM that serves low-income households. The property, placed in service in 2004, contains eight 1-bedroom units, twelve 2-bedroom units, and eight 3-bedroom units. Financing for this property includes tax-exempt bonds and FHA funding, with 4% Low-Income Housing Tax Credit allocation.
Property Details
Fair Market Rent - Hidalgo 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 | $627 |
| 1 Bedroom | $707 |
| 2 Bedroom | $877 |
| 3 Bedroom | $1,236 |
| 4 Bedroom | $1,488 |
Income Limits - Hidalgo 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 Lordsburg, NM?+
The Fair Market Rent (FMR) for Hidalgo County, NM is: $627 (Studio), $707 (1BR), $877 (2BR), $1236 (3BR), $1488 (4BR). Actual rent at subsidized properties like King Arthur'S Court is typically 30% of household income or less.
What size apartments are available at King Arthur'S Court?+
King Arthur'S Court offers the following unit types: 8 One-Bedroom, 12 Two-Bedroom, 8 Three-Bedroom units, for a total of 28 units.
What is the price range for apartments in Lordsburg, NM?+
Based on Fair Market Rent for Hidalgo County, the estimated price range is: 1-bedroom: $707, 2-bedroom: $877, 3-bedroom: $1236. Actual rent at King Arthur'S Court may be lower for income-eligible households.
How do I apply for housing at King Arthur'S Court?+
King Arthur'S Court 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 King Arthur'S Court?+
King Arthur'S Court is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Hidalgo County, NM?+
For a 4-person household in Hidalgo 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.
