About This Property
Mundo Ranch comprises 46 units in Dulce, New Mexico, with 45 units designated for low-income households. The property was placed in service in 2004 and is financed through tax-exempt bonds with 4% Low-Income Housing Tax Credits. The development serves Rio Arriba County residents.
Property Details
Fair Market Rent - Rio Arriba 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 | $666 |
| 1 Bedroom | $670 |
| 2 Bedroom | $877 |
| 3 Bedroom | $1,060 |
| 4 Bedroom | $1,168 |
Income Limits - Rio Arriba County, NM
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,150
- Low (80%)
- $30,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $21,850
- Low (80%)
- $35,000
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $24,600
- Low (80%)
- $39,350
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $27,300
- Low (80%)
- $43,700
- Extremely Low (30%)
- $29,500
- Very Low (50%)
- $29,500
- Low (80%)
- $47,200
- Extremely Low (30%)
- $31,700
- Very Low (50%)
- $31,700
- Low (80%)
- $50,700
- Extremely Low (30%)
- $33,900
- Very Low (50%)
- $33,900
- Low (80%)
- $54,200
- Extremely Low (30%)
- $36,050
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,150 | $30,600 |
| 2 Persons | $17,420 | $21,850 | $35,000 |
| 3 Persons | $21,960 | $24,600 | $39,350 |
| 4 Persons | $26,500 | $27,300 | $43,700 |
| 5 Persons | $29,500 | $29,500 | $47,200 |
| 6 Persons | $31,700 | $31,700 | $50,700 |
| 7 Persons | $33,900 | $33,900 | $54,200 |
| 8 Persons | $36,050 | $36,050 | $57,700 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Dulce, NM?+
The Fair Market Rent (FMR) for Rio Arriba County, NM is: $666 (Studio), $670 (1BR), $877 (2BR), $1060 (3BR), $1168 (4BR). Actual rent at subsidized properties like Mundo Ranch is typically 30% of household income or less.
What are the income limits for affordable housing in Rio Arriba County, NM?+
For a 4-person household in Rio Arriba County, NM, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $27,300, Low Income (80% AMI): $43,700. These limits are set by HUD and updated annually.
How do I apply for housing at Mundo Ranch?+
Mundo Ranch 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 Mundo Ranch?+
Mundo Ranch is managed by . You can reach them at . Visit their website for more information.
Contact Information
Location
Rio Arriba County, NM
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