About This Property
Enchanted Vista Apts offers 174 low-income units in Rio Rancho, New Mexico, with a unit mix of 44 one-bedroom, 111 two-bedroom, and 19 three-bedroom apartments. The property was placed in service in 2005 and is funded through tax-exempt bonds with 4% Low-Income Housing Tax Credit financing. This multifamily community serves households in Sandoval County.
Property Details
Fair Market Rent - Sandoval 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 | $828 |
| 1 Bedroom | $1,005 |
| 2 Bedroom | $1,222 |
| 3 Bedroom | $1,722 |
| 4 Bedroom | $2,064 |
Income Limits - Sandoval County, NM
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,200
- Very Low (50%)
- $23,650
- Low (80%)
- $37,800
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,000
- Low (80%)
- $43,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,400
- Low (80%)
- $48,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,750
- Low (80%)
- $54,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,450
- Low (80%)
- $58,350
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,150
- Low (80%)
- $62,650
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $41,850
- Low (80%)
- $67,000
- Extremely Low (30%)
- $44,550
- Very Low (50%)
- $44,550
- Low (80%)
- $71,300
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,200 | $23,650 | $37,800 |
| 2 Persons | $17,420 | $27,000 | $43,200 |
| 3 Persons | $21,960 | $30,400 | $48,600 |
| 4 Persons | $26,500 | $33,750 | $54,000 |
| 5 Persons | $31,040 | $36,450 | $58,350 |
| 6 Persons | $35,580 | $39,150 | $62,650 |
| 7 Persons | $40,120 | $41,850 | $67,000 |
| 8 Persons | $44,550 | $44,550 | $71,300 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Rio Rancho, NM?+
The Fair Market Rent (FMR) for Sandoval County, NM is: $828 (Studio), $1005 (1BR), $1222 (2BR), $1722 (3BR), $2064 (4BR). Actual rent at subsidized properties like Enchanted Vista Apts is typically 30% of household income or less.
What size apartments are available at Enchanted Vista Apts?+
Enchanted Vista Apts offers the following unit types: 44 One-Bedroom, 111 Two-Bedroom, 19 Three-Bedroom units, for a total of 174 units.
Who manages Enchanted Vista Apts?+
Enchanted Vista Apts is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Rio Rancho, NM?+
Based on Fair Market Rent for Sandoval County, the estimated price range is: 1-bedroom: $1005, 2-bedroom: $1222, 3-bedroom: $1722. Actual rent at Enchanted Vista Apts may be lower for income-eligible households.
How do I apply for housing at Enchanted Vista Apts?+
Enchanted Vista 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.
What are the income limits for affordable housing in Sandoval County, NM?+
For a 4-person household in Sandoval County, NM, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,750, Low Income (80% AMI): $54,000. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Enchanted Vista Apts
Arroyo Villas Apts
Albuquerque, NM
200 UnitsDriftwood
Albuquerque, NM
1 UnitsCottonwood Apts
Albuquerque, NM
185 UnitsDesert Willow Apts
Albuquerque, NM
224 UnitsWestpark Apts
Albuquerque, NM
140 UnitsVilla Elena Apts
Bernalillo, NM
53 Units