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New Mexico

New Mexico: Section 8 properties with a decision coming

HUD's file lists 137 active project-based assistance contracts in New Mexico, covering 6,638 assisted units. 41 of them reach their final expiration date by Oct 2028, when the owner has to choose whether and how to renew. 43 Section 8 HAP contracts pay rents under 90% of the area's Fair Market Rent, a first sign of a property that could qualify for a rent increase at renewal.

137active contracts on 135 properties
41reaching final expiration by Oct 2028 (830 assisted units)
43HAP contracts with rents under 90% of FMR
2FHA-insured apartment loans maturing within five years

Contracts reaching final expiration by Oct 2028

These contracts end their overall term within two years of HUD's October 6, 2026 file. The owner chooses among the renewal options the property qualifies for, and an owner who wants out has to give tenants at least a year's notice. "Rent vs FMR" is HUD's ratio of contract rent to the area's Fair Market Rent.

PropertyUnitsAssistedContract typeFinal expirationRent vs FMRHUD loan
Gateway Estates (811 Prac)Deming, Luna County87PRAC/811Oct 202688%202/811
Santa Fe Homeward BoundSanta Fe, Santa Fe County2019PRAC/811Oct 202679%202/811
Casa De CorazonesLas Cruces, Dona Ana County1514PRAC/811Oct 202685%202/811
Echols Place ApartmentsClovis, Curry County1414PRAC/811Oct 202673%202/811
Frank Gray HouseAlbuquerque, Bernalillo County98202/162 NCNov 202637%
Vern Jolly HouseAlbuquerque, Bernalillo County88202/162 NCNov 202637%
Willow Terrace ApartmentsRoswell, Chaves County1514PRAC/811Nov 202687%202/811
Gene Gilbert ManorAlbuquerque, Bernalillo County1817PRAC/811Nov 202691%202/811
Challenge New Mexico Grp Home TwoSanta Fe, Santa Fe County66202/8 NCDec 202663%202/811
Cheyenne Trails Senior Apartments IIClovis, CURRY County3333PRAC/202Dec 202675%202/811
Concha Ortiz Y Pino De KlevenAlbuquerque, Bernalillo County1010202/162 NCJan 202752%202/811
Vista GallinasLas Vegas, San Miguel County2928PRAC/811Jan 202777%202/811
Monroe Manor (811 Prac)Tucumcari, Quay County88PRAC/811Jan 202799%202/811
Center For Behavioral Services HomesAlbuquerque, Bernalillo County65PRAC/811Feb 202768%202/811
RedlandsAlbuquerque, BERNALILLO County1817PRAC/811Feb 202768%202/811
Mosaic Housing Corp XiiiGrants, Cibola County1212PRAC/811Feb 202750%202/811
Townsgate PlazaClovis, Curry County1414PRAC/811Feb 202767%202/811
Mosaic Housing XviFarmington, San Juan County1010PRAC/811Feb 202763%202/811
New Life Homes 6Albuquerque, Bernalillo County109PRAC/811Feb 202792%202/811
New Life Homes 2Albuquerque, Bernalillo County1817PRAC/811Mar 202774%202/811
La Cienaga Apartments (Prac/811)Silver City, Grant County54PRAC/811Apr 2027103%202/811
Casa EncantadaBelen, Valencia County65PRAC/811May 202767%202/811
New Life Homes 3Albuquerque, Bernalillo County1514PRAC/811May 202774%202/811
New Life Homes 5Albuquerque, Bernalillo County1514PRAC/811May 202775%202/811
Crownpoint Group HomeCrownpoint, MCKINLEY County1212202/8 NCJul 2027102%202/811
Casa MilagroSanta Fe, SANTA FE County1212PRAC/811Jul 202795%202/811
Retirement Planning CompanyDeming, Luna County4646515/8 NCAug 202782%
Challenge New Mexico Svcs For HdcpSanta Fe, SANTA FE County66202/8 NCAug 202757%
Challenge New Mexico Grp Home OneSanta Fe, SANTA FE County66202/8 NCAug 202750%
Mesa Hills ApartmentsAlbuquerque, Bernalillo County6059PRAC/202Jan 202873%202/811
Ahepa 501 III ApartmentsAlbuquerque, Bernalillo County5251PRAC/202Feb 202882%202/811
Saint Genevieves VillageLas Cruces, DONA ANA County4241PRAC/202Mar 202862%202/811
Rio Vista Senior HousingRoswell, Chaves County3030PRAC/202Apr 202869%202/811
Ahepa 501 ApartmentsAlbuquerque, Bernalillo County4848PRAC/202May 202877%202/811
Carlsbad Senior CommunityCarlsbad, Eddy County2423PRAC/202May 202868%202/811
Casa Del Malpais (R4p Pending Application)Grants, CIBOLA County2423PRAC/202Jun 2028135%202/811
Edward Romero TerraceAlbuquerque, Bernalillo County4040PRAC/202Jun 2028100%202/811
Chaparral Senior HousingLas Cruces, DONA ANA County4040PRAC/202Jul 202857%202/811
Cheyenne Trails ApartmentsClovis, Curry County4746PRAC/202Jul 202867%202/811
Roselawn ApartmentsArtesia, Eddy County2120PRAC/202Jul 202860%202/811
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026.

Section 8 contracts paying well under Fair Market Rent

HAP contracts with at least 20 assisted units whose rent-to-FMR ratio in HUD's file is under 90%, lowest first. Below-market contract rents are what HUD's Mark-Up-to-Market renewal option addresses, if the property qualifies; a rent comparability study, not this ratio, decides the new rents. "Run math" loads the size and ratio into the offer calculator.

PropertyUnitsAssistedRent vs FMRFinal expirationCurrent term ends
Pasa Tiempo (Rad Ph Conv.)Santa Fe, Santa Fe County12111048%Aug 2037Aug 2037Run math
Villa Hermosa (Rad Ph Conv)Santa Fe, Santa Fe County11611649%Feb 2037Feb 2037Run math
Santa Fe Community Living (Rad Ph Conv.)Santa Fe, Santa Fe County12111452%Dec 2034Dec 2026Run math
Village In The Bosque (221d4/Rad Ph Conv)Bernalillo, Sandoval County987654%Jul 2034Jul 2027Run math
Villa Del NorteEspanola, Santa Fe County505057%Jul 2035Jul 2027Run math
Villa Consuelo ApartmentsSanta Fe, SANTA FE County10010065%Jan 2038Jan 2027Run math
Villa San JoseCarlsbad, Eddy County606070%Apr 2035Apr 2027Run math
South Shiprock HousesShiprock, San Juan County25221271%Sep 2033Sep 2027Run math
Clovis II ApartmentsClovis, Curry County525272%Nov 2034Nov 2026Run math
Clovis I ApartmentsClovis, Curry County767673%Aug 2034Aug 2027Run math
Jardines VerdesLas Cruces, Dona Ana County404073%Mar 2033Mar 2027Run math
Belen CrossingBelen, Valencia County393973%Jun 2032Jun 2027Run math
Encino Terrace (Hap)Albuquerque, Bernalillo County1533074%Aug 2039Aug 2027Run math
Polk Avenue AptsLovington, Lea County525277%Dec 2034Dec 2026Run math
Valle Verde ApartmentsHatch, DONA ANA County353577%Feb 2039Feb 2027Run math
Abo ApartmentsArtesia, Eddy County727278%Aug 2034Aug 2027Run math
Hobbs ApartmentsHobbs, Lea County15115179%May 2039May 2027Run math
Dona Ana Park II ApartmentsLas Cruces, DONA ANA County595979%Aug 2034Aug 2027Run math
Rio Vista ApartmentsAlbuquerque, Bernalillo County757580%Nov 2036Nov 2026Run math
Socorro VillageSocorro, Socorro County404082%May 2034May 2027Run math
Northgate VillageFarmington, San Juan County565682%Sep 2034Sep 2027Run math
Retirement Planning CompanyDeming, Luna County464682%Aug 2027Aug 2027Run math
Brentwood GardensAlbuquerque, BERNALILLO County12212283%Oct 2031Oct 2026Run math
South Shiprock HousesShiprock, San Juan County2524083%Aug 2033Aug 2027Run math
Quay ApartmentsTucumcari, Quay County636384%Aug 2034Aug 2027Run math
Highland ParkLas Cruces, DONA ANA County505085%Jan 2034Jan 2027Run math
Dona Ana Park I ApartmentsLas Cruces, DONA ANA County737385%Jul 2034Jul 2027Run math
Solar VillaAlbuquerque, Bernalillo County10010086%Nov 2037Nov 2026Run math
Westwood Village ApartmentsAlbuquerque, Bernalillo County646486%Jan 2034Jan 2027Run math
Belen Vista ApartmentsBelen, Valencia County565687%Oct 2044Oct 2026Run math
 Source: HUD Multifamily Assistance and Section 8 Contracts database, data as of October 6, 2026. HUD describes the ratio as a guide only.

HUD-insured loans maturing in the next five years

A HUD loan amortizes to zero, so a near maturity usually means a small balance left on an older building. The list shows only what HUD's file says: the loan, its balance and its maturity date. It says nothing about any owner's plans, other debt or willingness to sell.

PropertyUnitsProgramBalanceMatures
Casamera ApartmentsGallup 87301 · FHA 11697262 72 542(b) $1,473,913 Nov 2027
Silver Gardens Phase IIAlbuquerque 87102 · FHA 11698068 55 542(c) $45,849 Jan 2028
Source: HUD Insured Multifamily Mortgages file, data as of September 30, 2026.

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Before you call an owner

Write to the owner of record from the county's deed records; HUD's file shows the contract, not the deed. Never contact residents or on-site staff about a sale, and never suggest to residents that their housing is about to change.

Buying the property means HUD has to approve you to take over the contract. Read what HUD reviews when a Section 8 property sells before you write a letter of intent.

Price it, then finance it

Use the offer calculator to value the property at today's contract rents and at market rents, then send the deal to the desk for acquisition financing.

Not affiliated with HUD. Inclusion here doesn't mean a property is for sale. How this data is built.