Downtown at 700-2nd

700 2nd St NW, Albuquerque, New Mexico 87102

Contact Downtown at 700-2nd

Downtown @ 700-2nd a micro efficiency community located in downtown Albuquerque offering fully furnished efficiency apartments. Amenities include large furnished communal spaces and an in-house cafe. This community is perfect for downtown living in Albuquerque.

Downtown @700 Apartments offer studio units. For more information about leasing, please contact the Downtown @700 leasing office.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	288	Call for Price

Eligibility for Downtown at 700-2nd

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Albuquerque but actual income limits may differ for units at Downtown at 700-2nd.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
50%	$28,000	$32,000	$36,000	$39,950	$43,150	$46,350	$49,550	$52,750

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Albuquerque but actual income limits may differ for units at Downtown at 700-2nd.

AMI Band	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
Very Low Income (50%)	$28,000	$32,000	$36,000	$39,950	$43,150	$46,350	$49,550	$52,750
Low Income (60%)	$33,600	$38,400	$43,200	$47,940	$51,780	$55,620	$59,460	$63,300

Downtown at 700-2nd Details

72 studio bedroom units.
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 8 Project-Based Voucher (PBV)

Property Amenities

Controlled Access
Elevator
Business Center
Clubhouse
Laundry Facilities
Smoke Free
Courtyard
Picnic Area
Heat Included
Wheel Chair Accessible

Unit Amenities

Air Conditioning
Microwave
Cable Ready
Water Trash and Sewer Included
Gas Included

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.

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.