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Transitional housing options for Albuquerque’s women and children exiting emergency shelters are limited and waitlists are long — circumstances that can result in a return to life on the streets for families experiencing homelessness. However, $1 million in funding requested by Rep. Melanie Stansbury, D-NM, would expand housing availability for the vulnerable group. Transitional housing…

Senator John Fetterman (D-PA) and Representative Lisa Blunt Rochester (D-DE) introduced the “Reducing Regulatory Barriers to Housing Act” (S.4460, H.R.8604) in their respective chambers of the U.S. Congress on June 5. The NLIHC-endorsed legislation will empower state and local governments to proactively address the affordable housing crisis by directing HUD’s Office of Policy and Research to…

If there’s one common theme that resonates across the real estate market, from property owners, to investors and developers, it’s uncertainty. Constant changes in the market, such as interest rates, inflation and rising operational costs, to name just a few, have the potential to negatively affect real estate businesses. With no crystal ball to read…

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,…

In a Wednesday morning hearing, First Judicial District Court Judge Bryan Biedscheid ruled against a popular and pending tax intended to help create a funding stream for affordable housing in the city of Santa Fe. At the polls last November, 73% of voters approved the 3% tax on the portion of a home sale that…

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…