Nuevo Atrisco s commercial phase gets thumbs up from Albuquerque Development Commission bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Santa Fe County seeking architecture and engineering firms for new affordable housing development bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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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.