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Rich Properties Wins Approval for Jupiter Townhouses
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Boise-based developers begin construction on new affordable housing project in Idaho Falls
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The Nuevo Atrisco development, near Unser and Central, includes 24 affordable housing units specifically for extremely low-income households. The city helped pay for the project. (Jim Thompson/Albuquerque Journal)
A May 2020 report commissioned by the city government found that Albuquerque lacked enough affordable housing for the growing number of renter households at the lowest end of the income spectrum. In fact, while the number of “extremely low-income” households increased, the supply of units they could live in shrank.
Authors of that Urban Institute study estimated the city needed 15,500 more affordable housing units to bridge the gap, while warning that the then-nascent COVID-19 pandemic was likely to make the situation even more precarious.