FAQs

We anticipate that the first units at Elk Meadows will be ready for move-in by early 2027. Final construction timelines will be confirmed closer to completion.

Yes, we will maintain a waitlist for interested applicants. We will begin a waitlist in 2026.

Rent will vary based on unit size and income qualifications. Some units will be reserved for deep affordability, but the project has been designed to be affordable for the income levels of the workforce in the Ruidoso community. There will be a range of income levels available for each unit type.

Elk Meadows will offer a mix of one-, two-, and three-bedroom apartments designed for families, individuals, and seniors.

Yes, most but not all of the units at Elk Meadows will be income-restricted. Applicants must meet certain income guidelines to qualify for residency.

Amenities will include on-site parking, laundry facilities, a community room, outdoor play areas, and access to supportive services.

Elk Meadows will allow cats and small dogs that are not aggressive. There will be a one-time pet fee of $150 which will be non-refundable, a refundable pet deposit of $150, and monthly pet rent of $25/month.

Assistance/support/service animals will require a physician’s written documentation of such need by a household member.

Next year, an online application will be posted. You can apply by completing our application online or visiting our leasing office once it opens. We will also host community information sessions during the leasing process.

You will need photo identification, proof of income (such as pay stubs or benefit statements), and previous rental history, if applicable.

Elk Meadows will be professionally managed by Monarch Property Management, a firm experienced in affordable workforce housing. They will handle applications, maintenance, and ongoing resident services.