Eaton Village Apartments

About This Building

Affordable Housing Option in Eaton Village Apartments, Farmington, NM - Introduction: Eaton Village Apartments in Farmington, NM offers an affordable housing option through the Low-Income Housing Tax Credit (LIHTC) program. These rental apartments are designed to assist low-income individuals and families, providing them with suitable living spaces. - LIHTC and Income Restrictions: Supported by the LIHTC program, Eaton Village Apartments have rent and income restrictions in place. This program encourages builders and developers to offer affordable housing options to those with low incomes. The maximum rent is determined based on the Area Median Income (AMI), which may render this apartment unaffordable for some low-income individuals. - Rental Rates and Affordability: It is important to check the current rental rates to determine the affordability of Eaton Village Apartments. While the LIHTC aims to provide affordable housing, the AMI-based rent structure may still pose financial constraints for certain low-income individuals. Assess the rates carefully to determine if they align with your budget. - Two and Three Bedroom Apartments: Eaton Village Apartments offer a range of options, with 36 two and three bedroom apartments available. This provides flexibility for individuals or families requiring more than one bedroom, ensuring comfortable living spaces to accommodate different household sizes. - Application and Qualification: Given the high demand for affordable housing, many apartments often have waiting lists. However, we have provided the contact information for Eaton Village Apartments, enabling you to inquire directly about the application process and whether you qualify to live here. Don't hesitate to reach out and explore the possibilities.