✖ Close Social Content
Community Services

Community Services Division News

 

County Commission Approves Project Revenue Bonds for Martineztown Housing Development

01/29/2020

Bernalillo County Commissioners approved the issuance of $7.5 million in project revenue bonds for the Albuquerque Housing Authority to be used for The Commons at Martineztown in central Albuquerque.

The tax-exempt bonds will fund the renovation of 96 existing affordable housing units in The Commons at Martineztown to house low-income senior residents and residents with disabilities.

“This will upgrade existing housing for residents and transition the houses to the project based Section 8 rental assistance program,” says County Commissioner Debbie O’Malley. “That means more federal money will be available to assist county residents.”

The rehabilitation and renovation will allocate about $70,000 per unit and will include window replacement, new cabinetry, doors and roofs, as well as upgraded interior and exterior finishes.

Project revenue bonds are privately funded bonds issued for commercial improvement and/or construction of affordable housing projects and allow property tax exemptions.

The commission approved the bonds on a 5 to 0 vote.

back to list
View All Events
Latest News
Community Services
  • Play, learn and explore with the entire family! There are two ways to participate, you choose: - Come inside to explore, learn, read, craft and experiment with us! - Sign out a nature backpack and head outside. Each pack is filled with guidebooks, tools and activities for explorers of all ages!
    Location:
    Bachechi Open Space, 9521 Rio Grande Blvd. NW
    Time:
    3/29/2020 12:00 PM - 3/29/2020 5:00 PM

  • Join us Mondays and Thursdays from 12 to 1:30 for Home School P.E. for kids ages 6-14. See fliyer for cost and semesters.
    Location:
    Los Vecinos Community Center, 478 and a half, Old Highway 66, Tijeras
    Time:
    3/30/2020 12:00 PM - 3/30/2020 1:30 PM

  • Children ages 6-14 are invited to join us for Home School Arts & Crafts at Los Vecinos Community Center Mondays and Thursdays from 1:30-2:30 p.m.
    Location:
    Los Vecinos Community Center, 478 1/2 Old Hwy 66, Tijeras
    Time:
    3/30/2020 1:30 PM - 3/30/2020 2:30 PM

Powered by Real Time Solutions - Website Design & Document Management