Income-based rent, explained
What income-based rent means at the Lofts.
Affordable, income-based, income-restricted, tax-credit: different words for one simple promise. If your household qualifies, your rent is set below the market, in a landmark building.
How the program works here
Hotel Clovis Lofts participates in the federal affordable-housing tax-credit program. In exchange, every one of the 60 homes rents below the market rate, with caps set by the program. There is no separate affordable section and no lottery: every floor plan, in both buildings, is priced the same way. Rent is a fixed amount, not a percentage of what you earn.
Who qualifies
Eligibility is about your household, not your age. Your combined income must fall under limits HUD publishes each year for Curry County, and the limits scale with household size, so a family of four has a higher limit than a single renter. One quick call with a rough idea of your monthly income is usually enough for us to tell you where you stand, and applying is straightforward from there.
Housing Choice Vouchers are welcome
You do not need a Section 8 voucher to live here, because rents are already below market for everyone. But if your household has one, it is welcome at Hotel Clovis Lofts, and our office will gladly walk you through how the voucher and the tax-credit program work together.
What it costs
Current program rents: $601 per month for a one-bedroom, $563 for a two-bedroom, and $844 for a three-bedroom home, the same in both buildings. Program rents adjust from time to time, so call the office to confirm today's exact rate and check availability while you are on the line.
Common questions about qualifying
Who can live at Hotel Clovis Lofts?
Everyone is welcome to apply. Hotel Clovis Lofts is an affordable community, so eligibility comes down to household income and size, never age. Call the office and we can tell you in a few minutes whether your household qualifies.
What are the income limits?
Household income must fall below limits that HUD sets each year for Curry County. They depend on how many people live with you and they change annually, so the surest way to know is to call us with a rough idea of your monthly income. Most people are surprised they qualify.
How much is the rent?
Current program rents are $601 per month for a one bedroom, $563 for a two bedroom, and $844 for a three bedroom. They are a fixed amount, not a percentage of your income. Program rents adjust from time to time, so please call to confirm today's exact rate and availability.
Affordable Apartments · Downtown Clovis, New Mexico
Come see it for yourself.
The best way to know if Hotel Clovis Lofts feels like home is to visit. Call us and we will answer your questions and set up a tour.