About This Property
La Tierra Apt Homes comprises 60 low-income residential units in Ruidoso, New Mexico. The property includes 15 one-bedroom, 30 two-bedroom, and 15 three-bedroom apartments and has been in service since 1999. The development is non-profit owned and financed through 9% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - Lincoln 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 | $627 |
| 1 Bedroom | $667 |
| 2 Bedroom | $877 |
| 3 Bedroom | $1,156 |
| 4 Bedroom | $1,488 |
Income Limits - Lincoln County, NM
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,900
- Low (80%)
- $33,450
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,900
- Low (80%)
- $38,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,900
- Low (80%)
- $43,000
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,850
- Low (80%)
- $47,750
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $32,250
- Low (80%)
- $51,600
- Extremely Low (30%)
- $34,650
- Very Low (50%)
- $34,650
- Low (80%)
- $55,400
- Extremely Low (30%)
- $37,050
- Very Low (50%)
- $37,050
- Low (80%)
- $59,250
- Extremely Low (30%)
- $39,450
- Very Low (50%)
- $39,450
- Low (80%)
- $63,050
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,900 | $33,450 |
| 2 Persons | $17,420 | $23,900 | $38,200 |
| 3 Persons | $21,960 | $26,900 | $43,000 |
| 4 Persons | $26,500 | $29,850 | $47,750 |
| 5 Persons | $31,040 | $32,250 | $51,600 |
| 6 Persons | $34,650 | $34,650 | $55,400 |
| 7 Persons | $37,050 | $37,050 | $59,250 |
| 8 Persons | $39,450 | $39,450 | $63,050 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Ruidoso, NM?+
The Fair Market Rent (FMR) for Lincoln County, NM is: $627 (Studio), $667 (1BR), $877 (2BR), $1156 (3BR), $1488 (4BR). Actual rent at subsidized properties like La Tierra Apt Homes is typically 30% of household income or less.
What size apartments are available at La Tierra Apt Homes?+
La Tierra Apt Homes offers the following unit types: 15 One-Bedroom, 30 Two-Bedroom, 15 Three-Bedroom units, for a total of 60 units.
Who manages La Tierra Apt Homes?+
La Tierra Apt Homes is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Lincoln County, NM?+
For a 4-person household in Lincoln County, NM, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,850, Low Income (80% AMI): $47,750. These limits are set by HUD and updated annually.
What is the price range for apartments in Ruidoso, NM?+
Based on Fair Market Rent for Lincoln County, the estimated price range is: 1-bedroom: $667, 2-bedroom: $877, 3-bedroom: $1156. Actual rent at La Tierra Apt Homes may be lower for income-eligible households.
How do I apply for housing at La Tierra Apt Homes?+
La Tierra Apt 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
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Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.