Latest news with #SOMOS
Yahoo
2 days ago
- Business
- Yahoo
New mixed-income housing project underway in Albuquerque
ALBUQUERQUE, N.M. (KRQE) – Construction is underway for Sol Housing, a new mixed-income apartment complex in Albuquerque. The building called 'SOMOS' is located near Central Ave. and Alcazar St., which is east of Louisiana Blvd. City officials say it is designed to provide affordable housing for older adults and those with accessibility needs. The city said it's part of their Near Heights Metropolitan Redevelopment Plan, which aims to stabilize low-income neighborhoods. The Metropolitan Redevelopment Agency donated the land for the project. Funding came from: $4 million from the New Mexico Housing Trust Fund in the form of a loan; Approximately $1.6 million annually in 9% Low-Income Housing Tax Credits for 10 years; $5.18 million in HOME Investment Partnerships Program funds from the U.S. Department of Housing and Urban Development (HUD); $1 million in American Rescue Plan Act (ARPA) funds from the U.S. Department of Treasury; $158,756 in Community Development Block Grant (CDBG) funding for infrastructure improvements. The complex will offer 70 homes, 80% of which will be reserved for people age 55 and older. Also, 59 will be income-restricted and 11 will be market-rate units. Construction is expected to be completed in December 2026. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-04-2025
- Business
- Yahoo
Is there progress being made on major housing developments in southeast Albuquerque?
ALBUQUERQUE, N.M. (KRQE) – The city has given some nice tax breaks to four big housing projects in southeast Albuquerque, but months down the line, some of those projects have yet to see much work. Almost all of these projects are located on Central Ave., many of which have funding to start but still have more permitting, hiring, and funding challenges to meet. Story continues below Education: 'Distraction-Free Bill' to curb cell phone use in schools set to go into effect Crime: Santa Fe man accused of killing wife during an argument Resources: How New Mexico families can get money for groceries this summer 'We've had a huge historic underinvestment in this area, and absolutely, before things get more expensive or the landscape gets more uncertain, it's time to act and do what we have to do now,' said Nichole Rodgers, Albuquerque City Councilor. She is pushing to get more housing in her district, including four projects for which the city already approved redevelopment tax breaks that could collectively save millions. 'These all happen to be kind of off the Central corridor, which is really nice to see, too. That's very important for access to the art transit route and reinvigorating central a bit in preparation for the centennial,' said Terry Brunner, Metropolitan Redevelopment Agency Director, CABQ. But each of those projects still has a long way to go, including the 'SOMOS' development, which will mix affordable apartments with commercial space at Central Ave. near Louisiana Blvd. The developer, Sol Housing, said their permits and contractor are set, but they need nearly $5 million to close the gap. 'Our target date is kind of early May, so hopefully within 30 days we should be breaking ground and going vertical,' said Felipe Rael, executive director of Sol Housing. Another project, the Highlands Central Market and Residence Inn, would be across from Presbyterian Hospital with a food hall and long-stay hotel. Titan development is still working on permits. 'This one is really about local economy, business development, economic development,' said Rogers. Near Nob Hill, the 16-unit Garfield townhomes have started utility work. Meanwhile, one of two towers on San Mateo near Central Ave. is looking for contractors before work begins to convert offices to apartments. 'These are out-of-state developers that are kind of new to the New Mexico market, so we want to get them in the game as soon as possible. And those towers are also something that the community is just really interested in seeing get done,' said Brunner. Across the four projects, if they come to fruition as planned, the city says it will add around 313 new units of housing. None of the projects has solid dates so far for completion. A funding boost for the 70-unit SOMOS project is slated for city council review next week. Developers are looking for $6 million from federal grants. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Politico
17-03-2025
- Health
- Politico
Physicians vie for a greater share of NY's MCO tax proceeds
Beat Memo A new tax on managed care organizations is expected to net $3.7 billion over the next two years for Medicaid, and health care industry stakeholders all have different ideas for how the state should use it. SOMOS Community Care, a Bronx-based physician network, will bring hundreds of primary care doctors to Albany this week to push its proposal: a $300 million independent physician investment fund. Physician associations would apply for funds to expand service offerings, create 'risk reserves' so they can enter more advanced value-based payment contracts, distribute staff bonuses or invest in technology for quality improvement, for example. The program would be funded at $300 million annually for three years and administered by Medicaid managed care plans, in keeping with guidance from the state Department of Health on how funds should be allocated. 'Family doctors are the front line of prevention and wellness, especially those that serve Medicaid patients,' Ramón Tallaj, board chair for SOMOS Community Care, said in a statement to POLITICO. 'We maintain health care, not sick care, which significantly improves patient outcomes and saves money.' 'By investing in independent primary care, New York can ensure that doctors across the state can provide the care our communities need, treat conditions before they are critical and make our entire system more effective and efficient,' Tallaj added in the statement. As SOMOS officials note, hospitals have typically been the primary beneficiaries of the state's investment pools for health care facilities — and that's the case under Gov. Kathy Hochul's executive budget proposal for the MCO tax proceeds. SOMOS is among several organizations pushing for primary care doctors to get a larger piece of the pie. Under Hochul's proposal, $50 million from the tax would support an increase in the Medicaid physician fee schedule, and $10 million would support enhanced rates for health clinics and federally qualified health centers. ON THE AGENDA: — Monday at 11 a.m. The New York State Coordinating Council for Services Related to Alzheimer's Disease and Other Dementia will meet. — Monday at 4:30 p.m. The Senate and Assembly will hold a budget meeting on mental hygiene. — Tuesday at 1 p.m. The Senate Health Committee will meet. — Tuesday at 4:30 p.m. The Senate and Assembly will hold a budget meeting on health. GOT TIPS? Send story ideas and feedback to Maya Kaufman at mkaufman@ and Katelyn Cordero at kcordero@ Want to receive this newsletter every weekday? Subscribe to POLITICO Pro. You'll also receive daily policy news and other intelligence you need to act on the day's biggest stories. What you may have missed — Six years ago, Rockland County was at the center of the worst measles outbreak in the U.S. in decades. Now as the disease is on the rise nationally, health care workers are putting pressure on local officials to take action, POLITICO Pro reported. Just 62 percent of children countywide received one dose of the measles vaccine by the age of two, compared with 81 percent statewide, according to state data as of Jan. 1. A group of 31 doctors and nurses sounded the alarm in a letter to Rockland County Executive Ed Day on Thursday. Day oversaw the local response during the 2018-2019 measles outbreak. 'We take the health and safety of our residents incredibly seriously and strongly disagree with the assertions made by the uninformed signatories of the letter,' Rockland County spokesperson John Lyon said in a statement. 'The County is taking action and has been communicating directly with hundreds of healthcare providers, community leaders and local elected officials to encourage immunization.' Odds and Ends NOW WE KNOW — The New York City Health Department is investigating two pet cats that died after being infected with bird flu. TODAY'S TIP — Got asthma? It's time to start preparing for spring allergy season. STUDY THIS — Medical device manufacturers have to report adverse events within 30 days, and a new study found most late reports were submitted by a small number of companies. What We're Reading — Patients who try to quit benzodiazepines like Xanax are suffering extreme anxiety, memory loss and intense physical pain. (WSJ) — Keeping with Kennedy's advice, measles patients turn to unproven treatments (New York Times) — At NIH, 'everyone is on edge' as they brace for deep cuts and more centralized control. (STAT) Around POLITICO — CDPAP subcontractors press for more time to switch to new system, Katelyn Cordero and Maya Kaufman report. — Europe's drug shortage plan looked like a win for the EU and U.S. — until Trump got involved, Helen Collis and Lauren Gardner report. — Senate Republicans stymie Democrats' bid to pass bipartisan health package, Ben Leonard reports. MISSED A ROUNDUP? Get caught up on the New York Health Care Newsletter.
