ALBUQUERQUE, N.M. (KRQE) – In just six years, roughly 40% of Bernalillo County will be over 65 years old and facing a housing crunch. Ahead of that, East Central will have a new affordable place for more than 80 seniors to call home.
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The Farolito project at Central and Eubank promises 82 apartments for lower-income seniors. “This type of property relies on individuals that have an income but need something that is more affordable than some of the other options that a for-profit housing provider might be able to provide,” said Miriam Hicks, Sol Housing, Director of Housing Development.
The project site has been vacant for nearly two decades on property owned by the New Mexico State Land Office. It marks the second time state trust land will be used for a senior living facility. “This is unique where we are now using state land to solve a challenge, solve our housing challenge,” said Stephanie Garcia Richard, NM State Land Commissioner.