Los Lunas, NM (KKOB) – More affordable housing will be available in the Albuquerque metro area particularly for residents 55 years and older. A groundbreaking ceremony was held in Los Lunas for Plaza Luna Lofts, a housing development that will create 57 affordable apartments including 46 one-bedroom units and 11 two-bedroom units. The apartments come with amenities for seniors such as a community building, pergolas, a laundry facility, a gym and a covered picnic area. The project is supported in part by a $1.4 million Affordable Housing Program (AHP) grant, through the Federal Home Loan Bank of Dallas FHLB and its Dallas member First National Bank Texas, and will expand housing options in a rapidly growing community, strengthening long‑term housing stability for older residents.
Plaza Luna Lofts is one of 53 active multifamily developments that Housing New Mexico has in various stages of construction across the state, representing over $413 million in funding for 5,140 apartment units located in 19 municipalities in 14 counties. The eventual economic impact of all 53 projects once under construction is estimated to generate approximately $1.35 billion in local income and create approximately 16,602 jobs.
