2 days ago
Over $7.5 million appropriated to affordable housing projects in downtown Albuquerque, Barelas
ALBUQUERQUE, N.M. (KRQE) – Albuquerque city councilors passed a resolution Monday night appropriating millions of dollars to multiple affordable housing projects in downtown and Barelas. The measure allocates more than $7.5 million in state capital outlay funding to three projects.
Story continues below
New Mexico News Insiders: What Happens When The Rio Grande Runs Dry?
News: 'You are very spiteful': Community confronts McKinley County DA over funding issues
Trending: VIDEO: Man arrested, accused of setting father's house on fire and stealing emergency vehicle
News: Repeat drunk driver saw jail as 'free vacation;' then an opportunity came in Bernalillo County
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.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Solve the daily Crossword
