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BernCo Receives $500,000 State Grant for Housing Rehabilitation

07/01/2020

The Bernalillo County Housing Department is receiving a $500,000 Community Development Block Grant from the State of New Mexico to rehabilitate 75 of its multifamily units.

The units are known as El Centro and Seybold Village and are designated for disabled and senior residents in the South Valley. The units are over 35 years old and will receive many renovations, including electrical, flooring, bathroom and other upgrades.

Bernalillo County last received the community development grant in 2003. The funds went unused and were returned to the state. The last grant awarded for housing rehabilitation went to the New Mexico Mortgage Finance Authority in 2005.

“I am very proud how hard the department worked to receive this grant,” says Housing Director Betty Valdez. “After laying the groundwork for the grant, we intend to apply again in the future, and continue investing in not only in our housing facilities but possibly other community projects.”

Another $500,000 will be raised from general obligation bonds for the renovations, totaling $1 million in investments into county housing facilities.

The County Commission unanimously approved the grant on a 5 to 0 vote.

 

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