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Housing affordability crisis poised to harm Albuquerque's economic and social development

Copyright © 2021 Albuquerque Journal
EDITOR’S NOTE: This is the second in a series of stories on Albuquerque’s growing housing affordability crisis.
The city of Albuquerque is in the midst of a half-million-dollar recruitment campaign, hoping to lure new and former residents to New Mexico’s largest city. Targeted primarily at people living in large American metropolitan areas, the economic development effort highlights what many have long touted as the city’s best assets: Clean air. Open space. Diversity. Sunshine. Inexpensive housing.
“Let’s talk about cost of living. It’s lower here,” reads the digital, city-funded Home for Life recruitment campaign. “In Albuquerque, your dream space is waiting for you – and you can actually afford it.” ....

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Gateway won't be 'giant emergency shelter' » Albuquerque Journal

Director, City of Albuquerque Family and Community ServicesHomelessness has been in th . ....

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Push underway for more affordable housing funding

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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. ....

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