Multifamily news in Affordable Housing - Albuquerque
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Affordable Community Breaks Ground in Albuquerque
Nuevo Atrisco's multifamily component of 88 units is scheduled for completion in the first half of 2020. The development also features 30,000 square feet of commercial space and a community center.
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Community for Homeless Proposed in Albuquerque
A local business alliance plans to construct a campus-style property west of the city with space for approximately 170 people.
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Albuquerque Housing for Homeless Opens Doors
The developer broke ground on the new 52-unit building at the city’s largest shelter for homeless people, Joy Junction, in May 2017.
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YES Housing Launches Affordable Development in ABQ
Plans for the mixed-use project—anticipated to open in 2020—call for 88 apartments and between 80,000 and 90,000 square feet of retail.
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Another Affordable Property Opens in ABQ
Sterling Downtown is the first WELL-registered multifamily property in the Southwest. The property was designed to achieve LEED Platinum certification.
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Affordable Albuquerque Community Opens Doors
The Village at Avalon, containing 240 units, broke ground in early 2016. GSL Properties utilized nearly $20 million in revenue bonds to finance construction.
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Albuquerque Project Targets Homeless Crisis
Scheduled for completion by fall 2017, the 52-unit expansion sponsored by the Joy Junction ministry will increase capacity at the largest facility of its kind in New Mexico.
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Senior Community Awarded $500,000 AHP Grant
The rehabilitation of Pasa Tiempo community will begin in May 2017 and will be finalized in early 2019.
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Duke City Welcomes $19M Affordable Community
The Imperial Building is downtown Albuquerque's first major mixed-use development since the recession.
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CPP Begins Renovation on 205 Affordable New Mexico Homes
The company teamed up with Western States Housing and the U.S. Dept. of Agriculture to renovate six affordable housing communities in New Mexico.
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Homeless Housing Breaks Ground in Albuquerque’s Rescue Mission
Two Affordable Housing Program (AHP) grants totaling $786,000 were awarded in 2015 to the Albuquerque Rescue Mission by New Mexico Bank & Trust and FHLB Dallas.
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Berkadia Closes on Two Multifamily Sales in New Mexico
Two multifamily communities changed hands in New Mexico with Berkadia’s involvement.
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Historic Motel and Old Town Parcel on Route 66 to Get $15.9M Makeover
A historic motel along Route 66, currently left to crumble, will get a consistent makeover as part of an ongoing plan to revitalize a section of the popular highway. The Pueblo-style El Vado Motel will begin transformation in 2016.