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Mayor Keller's Statement on Passage of Infrastructure & Housing Bond

GRT Revenue Bond provides boost to housing efforts and community infrastructure.

June 6, 2022

Mayor Keller issued the following statement on the affordable housing provision of the GRT improvement bond passed tonight. The $100 million bond also funds key capital improvement projects including public safety facilities, parks and aquatic centers, and westside roads.

“This is a $100 million investment to build up our city, support the local economy, and provide resources that are critical to Duke City residents. The $20 million allocation for affordable housing in this bond measure, on top of the $15 million for housing vouchers passed in the FY23 operating budget, is a real shot in the arm for our efforts to tackle housing insecurity and affordability. As housing prices rise, Albuquerque’s lowest income residents are increasingly on the edge. That’s a challenge that we have to face head on. This bond will help keep families in their homes and support our multi-pronged effort to help unhoused residents transition into housing. Housing stability and homelessness are city-wide challenges that require action across government, and we are grateful for Council’s vote tonight,” said Mayor Tim Keller.

The GRT Improvement Revenue Bond was sponsored by Councilors Bassan, Benton, and Lewis and supported by Mayor Keller, building on the administrations’ historic infrastructure investments.