City, county celebrate opening of new affordable housing units | KOB 4
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City, county celebrate opening of new affordable housing units

City, county celebrate opening of new affordable housing units

Marian Camacho
July 27, 2018 12:40 PM

ALBUQUERQUE, N.M. -  Albuquerque's downtown is the new home for Bernalillo County's newest affordable housing units.

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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.

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Marian Camacho

Copyright 2018 KOB-TV LLC, a Hubbard Broadcasting Company. All rights reserved

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