Low Income (LIHTC)

Broadway Apts

1200 E Broadway St, Hobbs, NM, 88240

Information verified April 18, 2026·We re-check waiting list status daily

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About This Property

Broadway Apts consists of 78 low-income residential units in Hobbs, NM and has been in service since 1997. The property is financed through 9% Low-Income Housing Tax Credits. Management contact information is available upon request.

Property Details

Total Units

Fair Market Rent - Lea 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	$801
1 Bedroom	$889
2 Bedroom	$1,168
3 Bedroom	$1,487
4 Bedroom	$1,642

Income Limits - Lea County, NM

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $12,950
Very Low (50%): $21,600
Low (80%): $34,550

2 Persons

Extremely Low (30%): $17,420
Very Low (50%): $24,650
Low (80%): $39,450

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $27,750
Low (80%): $44,400

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $30,800
Low (80%): $49,300

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $33,300
Low (80%): $53,250

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $35,750
Low (80%): $57,200

7 Persons

Extremely Low (30%): $38,200
Very Low (50%): $38,200
Low (80%): $61,150

8 Persons

Extremely Low (30%): $40,700
Very Low (50%): $40,700
Low (80%): $65,100

Household	Extremely Low (30%)	Very Low (50%)	Low (80%)
1 Person	$12,950	$21,600	$34,550
2 Persons	$17,420	$24,650	$39,450
3 Persons	$21,960	$27,750	$44,400
4 Persons	$26,500	$30,800	$49,300
5 Persons	$31,040	$33,300	$53,250
6 Persons	$35,580	$35,750	$57,200
7 Persons	$38,200	$38,200	$61,150
8 Persons	$40,700	$40,700	$65,100

Tax Credit Program Details

Year Placed in Service

1997

LIHTC Credit Type

Low-Income Units

78 / 78

Frequently Asked Questions

What is the average rent for affordable housing in Hobbs, NM?+

The Fair Market Rent (FMR) for Lea County, NM is: $801 (Studio), $889 (1BR), $1168 (2BR), $1487 (3BR), $1642 (4BR). Actual rent at subsidized properties like Broadway Apts is typically 30% of household income or less.

What are the income limits for affordable housing in Lea County, NM?+

For a 4-person household in Lea County, NM, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $30,800, Low Income (80% AMI): $49,300. These limits are set by HUD and updated annually.

Who manages Broadway Apts?+

Broadway Apts is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Broadway Apts?+

Broadway 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.

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