Low Income (LIHTC)

Rio Verde Apts

2291 Highway 304 Apt 5, Rio Communities, NM, 87002

Information verified May 8, 2026·We re-check waiting list status daily

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About This Property

Rio Verde Apts comprises 40 low-income residential units in Belen, New Mexico. The property was placed in service in 1992 and receives 4% Low-Income Housing Tax Credit financing. Rio Verde Apts serves the Valencia County area with affordable housing options.

Property Details

Total Units

Fair Market Rent - Valencia 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 - Valencia County, NM

Annual income limits by household size used to determine eligibility for affordable housing programs.

1 Person

Extremely Low (30%): $14,200
Very Low (50%): $23,650
Low (80%): $37,800

2 Persons

Extremely Low (30%): $17,420
Very Low (50%): $27,000
Low (80%): $43,200

3 Persons

Extremely Low (30%): $21,960
Very Low (50%): $30,400
Low (80%): $48,600

4 Persons

Extremely Low (30%): $26,500
Very Low (50%): $33,750
Low (80%): $54,000

5 Persons

Extremely Low (30%): $31,040
Very Low (50%): $36,450
Low (80%): $58,350

6 Persons

Extremely Low (30%): $35,580
Very Low (50%): $39,150
Low (80%): $62,650

7 Persons

Extremely Low (30%): $40,120
Very Low (50%): $41,850
Low (80%): $67,000

8 Persons

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

Year Placed in Service

1992

LIHTC Credit Type

Low-Income Units

40 / 40

Frequently Asked Questions

What is the average rent for affordable housing in Rio Communities, NM?+

The Fair Market Rent (FMR) for Valencia County, NM is: $828 (Studio), $1005 (1BR), $1222 (2BR), $1722 (3BR), $2064 (4BR). Actual rent at subsidized properties like Rio Verde Apts is typically 30% of household income or less.

What are the income limits for affordable housing in Valencia County, NM?+

For a 4-person household in Valencia 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.

How do I apply for housing at Rio Verde Apts?+

Rio Verde 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 Rio Verde Apts?+

Rio Verde Apts is managed by . You can reach them at . Visit their website for more information.

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