New Life Homes 2 — Income-Restricted Housing in Albuquerque, NM 87121
330 Airport Dr SW, Albuquerque, NM 87121
18 units · 17 income-restricted · 1 BR · People with disabilities
Leasing office: (505) 433-5111Directions
How to apply
- Call the leasing office at (505) 433-5111 to ask about applying, vacancies, and waiting lists.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 2004
- Bedrooms
- 17 1 bedroom
- HUD inspection
- HUD inspection score: 95/100 (May 2026) HUD inspects subsidized buildings on a 0–100 scale. This is a snapshot, not a pass/fail grade.
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Nearby income-restricted buildings
New Life Homes 3
6801 Gwin Rd SW, Albuquerque, NM 87121
0.1 mi away
15 units · 14 income-restricted · 1 BR · People with disabilities
Agua Azul Apts
353 Camino Azul NW, Albuquerque, NM 87121
0.7 mi away
25 units · 24 income-restricted · 1–2 BR · People with disabilities
Nuevo Atrisco Apartments
201 Unser Blvd. NW, Albuquerque, NM 87121
0.7 mi away
80 units · 68 income-restricted · 1–3 BR
Ahepa 501 III Apartments
6620 Bluewater Rd NW, Albuquerque, NM 87121
0.8 mi away
52 units · 51 income-restricted · 1 BR
Sandia Valley Apts
8200 Bridge Blvd SW, Albuquerque, NM 87121
0.9 mi away
215 units
- Affordability period may have ended — call to confirm
Rents and income limits in 87121
- Fair market rent, 2 bedrooms
- $1,630/mo
- Income needed to pay it at 30% of income
- $65,200/yr
- Renters in 87121 paying 30% or more of income on rent
- 52%
Income limits (2026)
Albuquerque, NM area · median family income $100,400. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $21,100 | $35,150 | $56,250 |
| 2 | $24,100 | $40,200 | $64,250 |
| 3 | $27,320 | $45,200 | $72,300 |
| 4 | $33,000 | $50,200 | $80,300 |
| 5 | $38,680 | $54,250 | $86,750 |
| 6 | $44,360 | $58,250 | $93,150 |
| 7 | $50,040 | $62,250 | $99,600 |
| 8 | $55,720 | $66,300 | $106,000 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 87121 | Wider area |
|---|---|---|
| Studio | $1,150 | $977 |
| 1 bedroom | $1,310 | $1,112 |
| 2 bedrooms | $1,630 | $1,384 |
| 3 bedrooms | $2,240 | $1,902 |
| 4 bedrooms | $2,640 | $2,242 |
Wider area = Albuquerque, NM. Two-bedroom fair market rents in 4 nearby ZIPs range from $1,320 (87105) to $1,700 (87120).
Census figures for 87121 (2020–2024 average): median rent $1,321. Median household income $60,796. 23% of homes are rented. 52% of renters pay 30% or more of their income on rent, and 30% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 87121's fair market rent.
Estimate your Section 8 rent share for 87121Frequently Asked Questions
How do I apply to New Life Homes 2?
Call (505) 433-5111 and ask about applying, vacancies, and waiting lists at New Life Homes 2 in Albuquerque, NM 87121. These records do not show openings.
Is New Life Homes 2 Section 8 housing?
New Life Homes 2 is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.
How many units are at New Life Homes 2?
Public records list 18 units at New Life Homes 2 in Albuquerque, NM 87121. That is a building size, not a count of open apartments.
Are there other affordable apartments near New Life Homes 2?
Yes — this page lists other income-restricted buildings in 87121 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into New Life Homes 2?
Call the number on this page and ask about the waiting list or how to apply at New Life Homes 2 in Albuquerque, NM 87121. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Albuquerque, NM 87121?
Most income-restricted buildings in Albuquerque, NM 87121 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $35,150, and $50,200 for a 4-person household. Public housing can go up to 80% ($56,250 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Albuquerque, NM 87121?
For many programs in Albuquerque, NM 87121, the 2026 HUD very low-income (50%) limit is $35,150 a year for 1 person and $50,200 for 4 people. The low-income (80%) limit is $56,250 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Albuquerque, NM 87121?
In public housing and most Section 8 in Albuquerque, NM 87121, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Albuquerque, NM 87121 is $1,630 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does New Life Homes 2 take Section 8 vouchers?
New Life Homes 2 is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction.