Las Palomas Apartments

2001 Hopewell Street, Santa Fe, New Mexico 87505

Contact Las Palomas Apartments

Las Palomas Apartments is an affordable apartment community in Santa Fe, NM. We offer amenities such as a pool, playground, and have 4 laundry rooms with brand new machines. Please call our site manager for more information.

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	500	$600
Two Bedroom (2/1)	676	$772

Eligibility for Las Palomas Apartments

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 Santa Fe but actual income limits may differ for units at Las Palomas Apartments.

AMI Band	1 Person	2 Person	3 Person	4 Person
Very Low Income (50%)	$29,900	$34,150	$38,400	$42,650
Low Income (60%)	$35,880	$40,980	$46,080	$51,180

Las Palomas Apartments Details

11 studio and two bedroom units.
High Rise
Low-Income Housing Tax Credit (LIHTC)
HOME Investment Partnerships Program
Section 221 (d) (3)

Property Amenities

Controlled Access
Playground
Pool
Laundry Room
Off-Street Parking

Unit Amenities

Air Conditioning
Ceiling Fan(s)
Dishwasher
Cable Ready
Carpet
Patio Deck Or Balcony
Refrigerator

Nearby Amenities

Close to Business District
Close to Downtown District
Close to Public Transportation
Near Hospital
Near Library
Near Park
Near Schools

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.