About This Property
Lafayette Square offers 187 low-income residential units in Albuquerque, New Mexico, with a unit mix of 24 one-bedroom, 100 two-bedroom, 47 three-bedroom, and 16 four-bedroom apartments. The property was placed in service in 2005 and utilizes 4% Low-Income Housing Tax Credits for financing. Funding for the development includes tax-exempt bonds.
Waitlist Information
Waitlist managed by City of Albuquerque Housing Authority
AHA maintains one community-wide public housing list, ordered by preference points and then by the date and time of a complete application. Federal preferences include involuntary displacement, loss of home due to disaster, or needing to move to avoid reprisals; local preferences include being employed or going to school, or participating in welfare-to-work or job training programs, and for applicants who are disabled or elderly.
Applicants are placed on the waiting list using a lottery system, and the application pool and waiting list are purged annually. Federal preferences include involuntary displacement, loss of home due to disaster, or needing to move to avoid reprisals; local preferences include being employed or going to school, or participating in welfare-to-work or job training programs, and for applicants who are disabled or elderly.
Waitlist data provided by section8waitlist.org
Updated November 4, 2026
Property Details
Fair Market Rent - Bernalillo 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 - Bernalillo 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Albuquerque, NM?+
The Fair Market Rent (FMR) for Bernalillo County, NM is: $828 (Studio), $1005 (1BR), $1222 (2BR), $1722 (3BR), $2064 (4BR). Actual rent at subsidized properties like Lafayette Square is typically 30% of household income or less.
What size apartments are available at Lafayette Square?+
Lafayette Square offers the following unit types: 24 One-Bedroom, 100 Two-Bedroom, 47 Three-Bedroom, 16 Four-Bedroom units, for a total of 187 units.
How do I apply for housing at Lafayette Square?+
Lafayette Square 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 Albuquerque, NM?+
Based on Fair Market Rent for Bernalillo County, the estimated price range is: 1-bedroom: $1005, 2-bedroom: $1222, 3-bedroom: $1722. Actual rent at Lafayette Square may be lower for income-eligible households.
Is there a waitlist for Lafayette Square?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closing Soon but will be closing soon. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Lafayette Square?+
Lafayette Square is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Bernalillo County, NM?+
For a 4-person household in Bernalillo 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.
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