About This Property
Southview Place Apts is a 48-unit apartment community in Lovington, NM, with 46 units designated for low-income households. The property was placed in service in 2009 and is financed through tax-exempt bonds with 4% Low-Income Housing Tax Credits. The community continues to provide affordable rental housing in Lea County.
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 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 Southview Place 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.
How do I apply for housing at Southview Place Apts?+
Southview Place 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.
Who manages Southview Place Apts?+
Southview Place Apts is managed by . You can reach them at . Visit their website for more information.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
