Affordable Housing - Albuquerque
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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.
27 January 2016 18:19 -
Berkadia Closes on Two Multifamily Sales in New Mexico
Two multifamily communities changed hands in New Mexico with Berkadia’s involvement.
20 November 2015 10:52 -
Dekker/Perich/Sabatini’s Mixed-Income Housing Wins Award from the Center for Active Design
The mixed-income housing community Casitas de Colores, designed by Dekker/Perich/Sabatini and built in the heart of Albuquerque by Romero Rose, YES Housing Inc., and Bradbury Stamm, is a winner of the Center for Active Design: Excellence awards. The ceremony took place at the Steelcase showroom in New York on May 11, marking its fifth award and its first international award.
14 May 2015 19:31 -
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.
09 October 2014 19:26 -
Moderate-Income Apartments in Downtown Albuquerque Nears Completion
The mixed-use project located at the periphery of Albuquerque’s Central Business District along historic Route 66 at 901 Park Avenue SW is nearing completion. The opening date is set for August 8, reports Albuquerque Business First.
02 July 2014 15:10 -
NewLife Homes Turns The Sundowner Motel, Former Bill Gates Abode, into Affordable Apt. Community
Famous for its location in the heart of Albuquerque on historic Route 66 and for having served as home to Microsoft founders Bill Gates and Paul Allen in the mid-1970s, the Sundowner Motel is no longer what it used to be; the property was transformed into a residential complex with commercial space for small businesses by NewLife Homes.
21 May 2014 21:43 -
Geltmore’s $20M Mixed-Use Project in Downtown Albuquerque to Receive Tax Credit
Albuquerque-based family-owned real estate firm, Geltmore LLC, has scheduled to start construction by the end of the year on a mixed-use development at 205 Silver Avenue SW, between Second and Third Streets; the project consists of a grocery store of 12,000 square feet and 74 residential units.
16 April 2014 22:54 -
Developers Launch 71-Unit Public/Private Tax Credit Development Located in Downtown Albuquerque
About a year ago, Romero Rose in partnership with YES Housing Inc., have started constructing a three-building multifamily development at 215 Lead Ave. SW. This public/private partnership development was recently finalized and leasing is booming, already 51 percent occupied.
28 March 2014 22:29 -
LGI Homes Offers Affordable Single-Family Homes in Albuquerque
Albuquerque has a new option for its inhabitants who want to change their housing status from renters into homebuyers through the newest community constructed by Woodlands-based LGI Homes, Inc. Camino Crossing offers in the city of Rio Rancho affordable homes starting at $799 per month.
08 March 2014 00:02 -
The Phoenix Apartments Rises From the Western Palisades Ashes
Once a foreclosed property, the Western Palisades residential community located at 1720 Atrisco Drive SW was rescued by Chuck Sheldon of T&C Management who purchased it in 2010 for approximately $1.5 million. The history of the property is a stormy one, one that made the new owner change its name into The Phoenix apartments.
16 October 2013 21:58 -
Microsoft’s Birthplace Converted into Apartments in $9M Redevelopment by NewLife Homes
Representatives from NewLife Homes and the Federal Home Loan Bank of Dallas (FHLB Dallas) celebrated with the Mayor of Albuquerque Richard J. Berry and other officials the official groundbreaking of the Sundowner Uhuru, a residential redevelopment of the former Sundowner Motel. The event took place on Thursday, April 18th, at 6101 Central Avenue NE.
26 April 2013 20:00 -
Yes Housing, Romero Rose Break Ground on $16.2M Downtown Affordable Project
Romero Rose LLC, in partnership with YES Housing Inc., has recently broken ground on Casitas de Colores, a $16.2 million multifamily affordable project in downtown Albuquerque. The 71-unit development targets people with incomes that range from 30% to 60% of Area Median Income.
13 March 2013 22:04 -
Historic Motel Converted to $5.7M Low-Cost Housing; Downtown Sears Building on the Market
Renovation work on the historic Luna Lodge is almost complete, and residents will be able to move in after Thanksgiving. Built in the 1950s, the Route 66 motel has been converted to low-cost housing, including 14 apartments and a new 16-unit wing added to the north part of the property, according to the New Mexico Business Weekly.
15 November 2012 21:23