City Seeks Innovative Ideas for Affordable Housing on Vacant Properties
ALBUQUERQUE – There is a critical need for more affordable housing across the City. To help address this need, this month, the City is calling on developers to consider sharing ideas on the possibility of developing 11 City properties into affordable housing.
“Instead of sitting vacant, these properties could be transformed into homes and communities, said Health, Housing and Homelessness Deputy Director Joseph Montoya. “Through this Request for Interest, we are leaning on our strong partners for their valuable insight to add more needed units to our City’s inventory.”
This Request for Interest also coincides with Affordable Housing Month, a time to raise awareness about the importance of affordable housing and to advocate for policies and initiatives that increase housing accessibility.
Since 2018 the City has financed nearly 2,500 units of affordable housing. The City owns 594 affordable housing units across 8 properties. This includes Los Altos Lofts, the City’s first motel conversion project.
“The housing crisis is now, and we’re fully committed to using every tool at our disposal to address it,” said Mayor Tim Keller. “Investing in a range of affordable housing options creates pathways to stability, uplifts families, and prevents more people from falling through the cracks and becoming unhoused.”
A recent study highlights the growing challenge of affordable housing in Albuquerque, revealing that homelessness is strongly linked to rising rent prices.
The Request for Interest closes on May 30, 2025.