Low Income (LIHTC)

Villa Elena Apts

201 Villa Elena Ln, Bernalillo, NM, 87004

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

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About This Property

Villa Elena Apartments is a 53-unit affordable housing community in Bernalillo, New Mexico. The property offers low-income housing units in Sandoval County. The complex has been in service since 1988.

Property Details

Total Units

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.

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

8888

Low-Income Units

53 / 53

Frequently Asked Questions

What is the average rent for affordable housing in Bernalillo, 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 Villa Elena Apts is typically 30% of household income or less.

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.

Who manages Villa Elena Apts?+

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

How do I apply for housing at Villa Elena Apts?+

Villa Elena 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.

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