About This Property
Polk Avenue Apts offers 52 units of affordable housing in Lovington, New Mexico, with 51 units designated for low-income residents. The property contains 39 one-bedroom and 13 two-bedroom units and has been in service since 1999. This community is financed through 4% Low-Income Housing Tax Credits.
Property Details
HUD Inspection Score
HUD inspects properties on a 0-100 scale. Scores above 60 are considered passing.
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 Lovington, 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 Polk Avenue Apts is typically 30% of household income or less.
What size apartments are available at Polk Avenue Apts?+
Polk Avenue Apts offers the following unit types: 39 One-Bedroom, 13 Two-Bedroom units, for a total of 52 units.
What is the HUD inspection score for Polk Avenue Apts?+
Polk Avenue Apts has a HUD inspection score of 98 out of 100, which is considered excellent. HUD inspects subsidized housing properties to ensure they meet minimum health and safety standards. Scores of 60 or above are considered passing.
Who manages Polk Avenue Apts?+
Polk Avenue Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Lovington, NM?+
Based on Fair Market Rent for Lea County, the estimated price range is: 1-bedroom: $889, 2-bedroom: $1168. Actual rent at Polk Avenue Apts 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.
How do I apply for housing at Polk Avenue Apts?+
Polk Avenue 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.
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
