City, county celebrate opening of new affordable housing units
July 27, 2018 12:40 PM
ALBUQUERQUE, N.M. - Albuquerque's downtown is the new home for Bernalillo County's newest affordable housing units.
The ribbon cutting for the Sterling Downtown Apartments took place Friday morning at 8th Street and Silver Avenue.
The complex includes 107 units, 90-percent of which will be rent restricted, or income based, with the remaining 10-percent not restricted. Officials say that will increase the number of quality workforce housing units in Bernalillo County.
"With Sterling Apartments, Bernalillo County continues to be a critical partner in the creation of high-quality, affordable housing for working families,” says County Commissioner Debbie O’Malley. “This infill project represents an investment in our downtown core close to jobs and public transportation.”
The apartments were made possible through $10 million in project revenue bonds in 2014 for the Greater Albuquerque Housing Partnership, but county officials say only $8.6 million was spent.
107 new apartments opened today in downtown ABQ at 8th and Silver with the help of the #BernCo Commission. 90% of the apartments will be rent restricted or income based to increase the supply of quality workforce housing in BernCo. READ MORE: https://t.co/LqD2jb2B0b pic.twitter.com/vuLb9jPKfY— Bernalillo County (@BernCounty) July 27, 2018
Providing affordable housing is a key component to addressing some of the challenges our city is facing. The Sterling Downtown is close to transit, jobs & amenities at an affordable price. #OneAlbuquerque #AffordableHousing pic.twitter.com/VCesyoO2sg— Mayor Tim Keller (@MayorKeller) July 27, 2018
Updated: July 27, 2018 12:40 PM
Created: July 27, 2018 12:34 PM
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