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There are three parts of the application and qualification process which must be met prior to being approved for move-in, these are (1) Screening application; (2) Income/asset verification for program eligibility; and (3) Student eligibility. Each part of the application process is outlined below.
All sources and amounts of current and anticipated annual income expected to be derived during the twelve months after move-in must be collected, verified, and reviewed by our compliance department. Our compliance department will review the household file to certify eligibility with the program. Our compliance department has a legal responsibility to ensure that all residents comply with the maximum allowable income limits at the time of move-in and are required to annually re-certify each household. The current maximum allowable monthly rents** as established by the New Mexico Morgage Finance Authority (NMMFA) are:
Resources
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