Over $7.5 million appropriated to affordable housing projects in downtown Albuquerque, Barelas
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The projects include $5 million for the Lomas Towers Apartments Project, which will convert 85% of the Lomas Towers building into 100 – 120 workforce housing apartments. Nearly $2 million is going to the Romero project, which will create 69 affordable housing units, along with commercial space in Barelas. GIZMO Artspace will get more than $630,000 to fund renovations to turn a downtown building into an arts hub that will provide six affordable reentry housing units transitioning for young adults transitioning from incarceration.
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