550 Paseo LIHTC Rio Rancho, NM
Profile last updated · Data vintage: HUD LIHTC 2024
550 Paseo is a Low-Income Housing Tax Credit (LIHTC) community in Rio Rancho, NM with 240 units. Rents are set relative to household income.
240
total units
—
occupancy
—
avg resident rent
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reported wait
Resident & program facts (HUD-reported)
| Program(s) | Low-Income Housing Tax Credit (LIHTC) |
|---|---|
| Address | 7810 Paseo 550 Drive Ne, Rio Rancho, NM 87144 Map → |
| Tax-credit (LI) units | 240 |
| Placed in service | 2024 |
| Affordability term | 35 years |
How to apply at 550 Paseo
LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
- Call or visit the management office at 7810 Paseo 550 Drive Ne, Rio Rancho; ask if the waitlist is open and request an application.
- Gather ID, Social Security cards, birth certificates, and proof of all income. Applications are always free.
- Claim eligible preferences (homelessness, veteran, local residency) with documentation.
- Respond fast to interview letters; verify rent expectations against your budget.
Other subsidized housing in Rio Rancho
Nearby subsidized housing (within ~10 km)
| Property | Location | Distance |
|---|---|---|
| Village in Bosque LIHTC | Bernalillo | 7.6 km |
| Village in the Bosque PB Section 8 | Bernalillo | 7.6 km |
| Villa Elena Apts LIHTC | Bernalillo | 7.6 km |
← All subsidized housing in Rio Rancho
Frequently asked questions
What kind of subsidy does 550 Paseo have?
Low-Income Housing Tax Credit (LIHTC). LIHTC tax-credit: units reserved for households within set income bands renting below market rate. Apply at the leasing office; you'll need steady income within limits.
How much is rent at 550 Paseo?
Rents are income-based: expect to pay roughly 30% of adjusted monthly household income under the building's federal program.
How do I apply at 550 Paseo?
Contact the management office at 7810 Paseo 550 Drive Ne in Rio Rancho. Ask whether the waitlist is open, request an application, and claim any preferences you qualify for. There is never a fee to apply for HUD-subsidized housing.