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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…

Landlord/Tenant Relations Handbook The Landlord/Tenant Relations Handbook is a useful guide for both renters and landlords to know their rights and responsibilities under the New Mexico Uniform Owner-Residents Relations Act, more commonly known as the “Landlord-Tenant Law.” Handbook Highlights Deposit information Fair Housing Laws/Discrimination Prohibitions Landlord and tenant obligations An overview of going to court…

Orlando Santillanes, 42, holds his dog, Coqueta, as he sits inside the broken-down vehicle he has been living in for the past six months parked underneath Interstate 40 near Downtown Albuquerque on May 23. (Chancey Bush/Journal) SANTA FE – New Mexico’s homeless population has surged by 48% over the last year, a trend complicated by…

Community Members, We need your feedback. Every five years, the state of New Mexico creates a consolidated plan to assess affordable housing needs and community development goals. This plan plays a pivotal role in shaping decisions for programs funded by the U.S. Department of Housing and Urban Development (HUD). To ensure fair housing remains a…

Higher property taxes and insurance costs are making investors take note. But is it as bleak as it seems? Often in an industry, people use cute little idioms to describe a bump in the road (See? That’s one just there). This creates a shorthand—people don’t have to explain the situation, and it downplays some of…

Since 2017, the commercial property insurance market has demonstrated persistent premium increases. Although there were indications of rate moderation in 2022, predominantly within single digits, it proved temporary. Industry data shows a substantial surge in Q1 2023 premiums at an average 20.4% increase. This marks the first time in two decades that the segment experienced…

An International Trend Finding affordable housing in the U.S. is a challenge complicated by insufficient housing stock that hasn’t kept up with demand, migration patterns, and the high borrowing costs that came in the wake of the Federal Reserve’s fight against inflation. But Americans aren’t alone in this struggle. Across the globe, it’s becoming increasingly…