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Portales Properties

1903 S Avenue I, Portales, New Mexico 88130

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Call (575) 359-0610

Portales Properties is managed by Fairway Management, Inc..

Welcome to Portales Estates, located in the city of Portales, New Mexico. Portales Estates is a Senior Community near grocery stores, pharmacies, banks, restaurants and doctor’s offices. At Portales Estates, residents enjoy abundant apartment and community amenities. The area combines modern conveniences with quiet suburban living. To learn more about our community and all that it has to offer, call 575.359.0610 today.

Unit (Bd/Ba) Ft2 Rent
One Bedroom (1/1) - Call for Price
Two Bedroom (2/1) - Call for Price

Eligibility for Portales Properties

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 Portales but actual income limits may differ for units at Portales Properties.

AMI Band 1 Person 2 Person 3 Person 4 Person
Very Low Income (50%) $22,950 $26,200 $29,500 $32,750
Low Income (60%) $27,540 $31,440 $35,400 $39,300

Portales Properties Details

  • 44 one and two bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Section 515 Rural Rental Housing
  • Section 521 USDA Rental Assistance

Property Amenities

  • Community Room
  • Laundry Facilities

Unit Amenities

  • Ceiling Fan(s)

Office Hours

Day Hours
Monday 9:00am-5:00pm
Tuesday 9:00am-5:00pm
Wednesday 9:00am-5:00pm
Thursday 9:00am-5:00pm
Friday 9:00am-5:00pm
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.

Section 515 Rural Rental Housing

This property has received funding in part through the Section 515 Rural Rental Housing (Section 515) program. Very low, low, and moderate income families, elderly persons, and persons with disabilities are eligible to live at this property. Persons or Families living in substandard housing have priority for tenancy.

Section 521 USDA Rental Assistance

The property participates in the USDA Rural Development Rental Assistance program. This rental subsidy, available only to USDA Section 514, 515 and 516 properties, ensures renters only pay 30% of their adjusted income towards rent. USDA Rural Development Rental Assistance may not be available for all units at this property.

Images of Portales Properties
Image of Portales Properties