Low Income (LIHTC)

Casa Hermosa

920 E Michigan Dr, Hobbs, NM, 88240

Information verified May 9, 2026·We re-check waiting list status daily

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About This Property

Casa Hermosa is an affordable housing community in Hobbs, New Mexico, comprising 73 units. The property serves residents in Lea County and continues to be actively managed. Inquiries about availability and lease terms can be directed through the property management office.

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

8888

Low-Income Units

0 / 73

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 Casa Hermosa 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 Casa Hermosa?+

Casa Hermosa is managed by . You can reach them at . Visit their website for more information.

How do I apply for housing at Casa Hermosa?+

Casa Hermosa 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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