About This Property
Sunrise Homes comprises 32 low-income residential units in Hobbs, NM, with a mix of 8 one-bedroom, 8 two-bedroom, and 16 three-bedroom apartments. The property has been in service since 1998 and operates under 9% LIHTC financing. Interested parties can contact the property for additional information and availability.
Property Details
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.
- Extremely Low (30%)
- $12,950
- Very Low (50%)
- $21,600
- Low (80%)
- $34,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $24,650
- Low (80%)
- $39,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $27,750
- Low (80%)
- $44,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $30,800
- Low (80%)
- $49,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $33,300
- Low (80%)
- $53,250
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $35,750
- Low (80%)
- $57,200
- Extremely Low (30%)
- $38,200
- Very Low (50%)
- $38,200
- Low (80%)
- $61,150
- 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
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 Sunrise Homes is typically 30% of household income or less.
What size apartments are available at Sunrise Homes?+
Sunrise Homes offers the following unit types: 8 One-Bedroom, 8 Two-Bedroom, 16 Three-Bedroom units, for a total of 32 units.
What is the price range for apartments in Hobbs, NM?+
Based on Fair Market Rent for Lea County, the estimated price range is: 1-bedroom: $889, 2-bedroom: $1168, 3-bedroom: $1487. Actual rent at Sunrise Homes may be lower for income-eligible households.
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 Sunrise Homes?+
Sunrise Homes is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Sunrise Homes?+
Sunrise Homes 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.
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