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Aug. 30—Another affordable housing project has broken ground in Albuquerque, the latest in a series of developments as public and private officials try to counter slim supply. The project ...
Aug. 27—Housing is a hot topic in Albuquerque. Local leaders, including Mayor Tim Keller, have touted housing as one of the most pressing issues facing the community. Keller laid out his plan to ...
Aug. 24—YES Housing Inc. aims to bring more affordable housing to the Duke City and is working through two projects — one in the construction phase and the other in planning — to do just that.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
In September 2021, the city of Albuquerque swept an encampment of 15 to 20 people, throwing away their IDs and personal belongings in violation of the terms of the city's 2017 settlement in McClendon v. Albuquerque. The area around Wells Park was fenced off and restricted to use by a community group. [135]
Park Plaza was constructed in 1963–4 at a cost of $2.5 million. With 144 one- and two-bedroom luxury apartments, it was the largest apartment complex in Albuquerque at the time and was described in a contemporary advertisement as "the Southwest's most beautiful and modern apartment building".
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