About This Property
Willow Bend Villas comprises 60 low-income rental units in Hobbs, New Mexico, with a mix of 12 one-bedroom, 28 two-bedroom, and 20 three-bedroom apartments. The property has been in service since 2005 and receives funding through the HOME program and 9% Low-Income Housing Tax Credits. Inquiries regarding availability and lease terms should be directed to the property management office.
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 Willow Bend Villas is typically 30% of household income or less.
What size apartments are available at Willow Bend Villas?+
Willow Bend Villas offers the following unit types: 12 One-Bedroom, 28 Two-Bedroom, 20 Three-Bedroom units, for a total of 60 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 Willow Bend Villas may be lower for income-eligible households.
Who manages Willow Bend Villas?+
Willow Bend Villas is managed by . You can reach them at . Visit their website for more information.
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.
How do I apply for housing at Willow Bend Villas?+
Willow Bend Villas 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
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.