Capital Outlay Web Project Summary

LCS WEB ID: 784

ALB AFFORDABLE HOUSING CONSTRUCT

Albuquerque requests $50,000,000

to plan, design, acquire land, improve, purchase, and construct affordable housing as provided in F/S(3) O-06-8 in Albuquerque in Bernalillo county.

Project location: Albuquerque
County: Bernalillo
Fiscal agent: Albuquerque

Total amount requested this legislative session: $50,000,000
Funded to date/secured: $39,373,936
Total project cost: $109,373,936
Total project cost estimated by qualified professional(s): Yes
The amount requested this session will: fully fund a phase of the project
Have capital appropriations been made for this project in previous years: Yes
Other funding for this project: LBonds - $20M
Local Government Planning Fund grant awarded: No
Have easements, rights of way, land or property required to begin construction been acquired?: Yes
The amount requested this session will be used to match federal funds: Yes
Project start date: 7/1/23 - 6/30/24 (FY 24)

Project Contact: Jess Martinez
Title: Deputy Director
Phone: 505-767-5886
Email: jrmartinez@cabq.gov

ICIP ID: 30963

56TH LEGISLATURE-FIRST SESSION-2023