About This Property
Jack Rabbit Hill Development offers 16 three-bedroom units in Penasco, NM, serving low-income households. The property has been in service since 2001 and utilizes 9% Low-Income Housing Tax Credits to maintain affordability. Interested parties may contact the property management for additional information.
Property Details
Fair Market Rent - Taos 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 | $845 |
| 1 Bedroom | $921 |
| 2 Bedroom | $1,050 |
| 3 Bedroom | $1,375 |
| 4 Bedroom | $1,782 |
Income Limits - Taos 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 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Penasco, NM?+
The Fair Market Rent (FMR) for Taos County, NM is: $845 (Studio), $921 (1BR), $1050 (2BR), $1375 (3BR), $1782 (4BR). Actual rent at subsidized properties like Jack Rabbit Hill Development is typically 30% of household income or less.
What size apartments are available at Jack Rabbit Hill Development?+
Jack Rabbit Hill Development offers the following unit types: 16 Three-Bedroom units, for a total of 16 units.
How do I apply for housing at Jack Rabbit Hill Development?+
Jack Rabbit Hill Development 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 is the price range for apartments in Penasco, NM?+
Based on Fair Market Rent for Taos County, the estimated price range is: 3-bedroom: $1375. Actual rent at Jack Rabbit Hill Development may be lower for income-eligible households.
Who manages Jack Rabbit Hill Development?+
Jack Rabbit Hill Development is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Taos County, NM?+
For a 4-person household in Taos 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.
Contact Information
Location
Taos County, NM
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