Posts by aromero@ventanafund.org

Housing in Albuquerque is still sparse to say the least and the high prices aren’t helping. At least one national site has the average rent in the metro up $150 from last year. But there is some help for New Mexicans really struggling to make ends meet. The federal Department of Housing and Urban Development,…

Kendra Yevoli wants to turn New Mexico’s economy around. Yevoli, the executive director of the Ventana Fund, has two children and three grandchildren who live in Colorado. “That’s part of why I’m in this (career), because my kids don’t want to be here. They don’t feel like they have places to have jobs to thrive…

New Mexico can’t seem to break $40,000 in median annual pay. That figure has remained static since the end of last year, according to ADP Pay Insights. Click here to view the graph. While New Mexico’s wages remain stagnant, change may be on the horizon pending a new overtime rule by the Department of Labor which would expand…

Among affordable housing developers today, there’s one commonality tying projects together: uncertainty. AEC firms share their latest insights and philosophies on the future of affordable housing. This article first appeared in BD+C’s 2023 Multifamily Annual Report—our first-ever “state of the state” special report on the multifamily housing construction sector. To download the full 76-page report, click here.…

A new bill designed to boost housing construction and streamline the construction process for developers within the Albuquerque metro has been approved. Resolution 24-22, which prioritizes site plan approvals and permit requests for projects aimed at creating permanent housing, was signed into law by Albuquerque Mayor Tim Keller on April 26, Tim Walsh, City of Albuquerque…

The Middle Rio Grande Housing Collaborative, a new board jointly formed by the City of Albuquerque and Bernalillo County, is set to hold its first meeting this week. Approved around a year ago, the board aims to address the chronic housing shortage affecting Bernalillo County. Its five members will identify vacant land and current buildings…

An Austin-based real estate developer and an Albuquerque-based homebuilder are teaming up to construct the City of Vision’s first build-to-rent community. The Eleanor Rio Rancho Cabezon will feature 126 homes at 2300 Westside Blvd. SE, across from Presbyterian Rust Medical Center. Homes will range from 650 to 1,500 square feet and rental prices will be…

The U.S. Department of Housing and Urban Development (HUD) has announced its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program, which is designed to preserve and revitalize manufactured housing and manufactured housing communities. According to HUD, the $225 million competitive grant program will provide resources to support residents of manufactured housing through repairs and…

A new center aimed to support homeless veterans is preparing to open in Downtown El Paso. The center is the Veterans Transitional Living Center located at 1217 Magoffin Avenue and will replace the current veterans center at 818 Myrtle. John Martin, the deputy director of the Opportunity Center for the Homeless said the facility cost…

Austin-based real estate company Turnkey Ventures Inc. is planning to turn a long-closed building at the Roswell Air Center into a modular home manufacturing center. The City of Roswell, which owns the 45-acre property at 42 W. Earl Cummings Loop, is considering the sale, according to a Feb. 8 City Council meeting agenda. If approved, the…