Albuquerque, NM (KKOB) — Thursday, the Albuquerque Development Commission (ADC) recommended that the City Council approve a Development Agreement for the “SOMOS” affordable housing project located on Central and Alcazar in the International District.
The project is a public-private partnership between the Metropolitan Redevelopment Agency (MRA) and the Greater Albuquerque Housing Partnership (GAHP) that envisions a 70-unit multi-family building with commercial elements, creating a vibrant and inclusive space for residents and businesses alike.
In July 2023, MRA issued RFP #01-2023 seeking development partners for MRA-owned land at 7200 Central Ave. SE in the Near Heights Metropolitan Redevelopment Area. GAHP responded with a proposal that advances the goals of the Near Heights Redevelopment Plan by providing affordable, quality housing units and enriching the retail environment of the International District. This project will leverage its proximity to nearby community assets such as the Talin Market, ART stations, and the new International District Library, providing low-income residents with easy access to food, transit, and learning opportunities.
“The Greater Albuquerque Housing Partnership is a local non-profit Community Housing Development Organization who has worked with the city for over 30 years to build a better Albuquerque by providing housing options that are affordable,” said Felipe Rael, Executive Director of the Greater Albuquerque Housing Partnership. “We have the staff knowledge, experience, and capacity to successfully bring this proposed development through the funding applications and construction.”
“The SOMOS project embodies a commitment to affordable housing, environmental sustainability, and community engagement,” said Terry Brunner, Director of the Metropolitan Redevelopment Agency. “As the proposal moves forward, we look forward to the City Council’s consideration of a project that not only transforms a physical space, but also enriches the lives of our residents.”
“This project aligns with our city’s commitment to fostering sustainable, accessible housing that can help reinvigorate our communities,” said Mayor Tim Keller. “By incorporating housing, commercial spaces, and environmentally friendly design, this is a great example of how we can support an affordable, sustainable future for Burqueños.”
Pending City Council approval, the project could break ground as soon as 2025, and is expected to be complete about one-and-a-half years later.