Casitas de Colores

215 Lead Ave SW, Albuquerque, New Mexico 87102

They are a premier family friendly apartment community with the best downtown location. In 2014 our community received a score of 94 through the popular online app, “Walk Score”. Casitas is walking distance from Albuquerque's Alvarado Transportation Center, so their residents appreciate the accessibility to work, schools, civic and health facilities. their community is also near family-oriented establishments such as Century 14 Downtown Theater, Rio Grande Bio-Park, Main Library, and River Bike Trail. They are just minutes away from dozens of unique restaurants, downtown entertainment and shopping.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/2)	511	Call for Price
1 Bedroom (1/1)	577	Call for Price
2 Bedroom (2/1)	767	Call for Price
2 Bedroom (2/2)	820	Call for Price
3 Bedroom (3/2)	1035	Call for Price

Eligibility for Casitas de Colores

Casitas de Colores Details

71 studio, one, two and three bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Elevator
24hr Emergency Maintenance
Gated Community
High Speed Internet Access
On-Site Laundry

Unit Amenities

Dishwasher
Garbage Disposal
Washer and Dryer Hookup
Balconies or Patios Available

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.