Polk Avenue Apts
214 West Polk Ave., Lovington, NM 88260
Elderly · 52 1BR
Managed by Monarch Properties, INC
- Units
- 52
- Rental assistance
- 0
- Vacant
- 3
- Accessible
- 4
- Opened
- 1998
New Mexico
USDA rental housing in Lea County, NM
2 properties in Lea County have USDA Section 515 or 514 financing: 100 apartments in Lovington. 46 of those units carry USDA rental assistance, which ties what an eligible tenant pays to income.
2properties
100apartments
46rental assistance units
4vacant units reported
Equal housing opportunity. Properties financed by USDA Rural Development must follow the Fair Housing Act, which bars discrimination because of race, color, religion, sex, disability, familial status or national origin. If you believe you were treated unfairly, you can file a complaint with HUD at 1-800-669-9777 or with USDA at 866-632-9992.
Open Country does not own, manage or rent these properties and does not take applications. Contact each property's management company for availability, rents and eligibility. Listings come from USDA's public data and may be out of date.
Southview Place Nm Apartments
1300 W. Brian Urlacher, Lovington, NM 88260
Family · 48 2BR
- Units
- 48
- Rental assistance
- 46
- Vacant
- 1
- Accessible
- 3
- Opened
- 1989
Source: USDA Rural Development, Section 515/514 active properties file (data as of October 19, 2026). Vacancies are as USDA last recorded them, not live availability.
Who can rent here
USDA-financed apartments are for very low, low and moderate income households (7 CFR 3560.152), and elderly and congregate properties also require a household that meets USDA's definition of elderly. In a unit with USDA rental assistance, the tenant pays the highest of 30% of monthly adjusted income, 10% of gross monthly income or a welfare shelter allowance, and the assistance covers the rest of the rent (7 CFR 3560.203). Each property's manager checks income against USDA's limits for the area when you apply and can tell you whether a unit with rental assistance is open.
For owners and buyers
All 2 are limited-profit. All also have housing tax credits. 1 serves elderly tenants. Owners of aging 515 properties can use a Section 538 guaranteed loan to finance a transfer and rehab, at USDA's lower 60 and 25 basis point preservation fees. How 515 transfers work with 538.
Every property in one file: 515/514 portfolio download (CSV and JSON).