Albuquerque, NM(KKOB) –In an effort to expand affordable housing options in the Albuquerque metro area, Bernalillo County has purchased the Poblana Place Apartments, an 84-apartment home complex at 2818 Fourth St. NW. The complex is four stories, sits on 1.3 acres and has the capacity to provide homes for up to 234 people. It has been serving tenants at below-market rental rates but recently went up for sale.
The purchase of the complex was made thanks to the $80 million for housing needs in the county and Albuquerque approved by the state legislature and deployed by the New Mexico Department of Workforce Solutions Office of Housing.
“The investment in Poblana Place puts 84 units in a walkable transit corridor into permanent affordability,” says NMDWS Cabinet Secretary Sarita Nair. “We know New Mexico needs an ‘all of the above’ approach to tackling the housing crisis, and this initiative shows that we have many tools, in addition to new construction, that can help us achieve our goals.”…