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Lien Forgiveness (Pilot Program)

The Metropolitan Redevelopment Agency (MRA), in partnership with the Planning Department, is offering a Lien Forgiveness Pilot Program to encourage investment and redevelopment in key areas of Albuquerque (Note: The pilot is only available in the Near Heights MR Area). This program helps eligible property owners and prospective buyers by reducing certain City liens—making it more feasible to revitalize underused or blighted properties.

What is Covered?

Only City liens related to property maintenance and demolition are eligible under this program.
Not eligible: Property tax liens, utility liens, or other non-City maintenance liens.

Who is Eligible?

You may qualify if:

  • You own or are looking to purchase a property within the Near Heights Metropolitan Redevelopment Area.
  • You have a viable redevelopment plan.
  • You can show proof of financial resources to complete the project.
  • You have a demonstrated financial need, or the lien has made a property sale cost-prohibitive.

Program Terms

  • Applicants must present a clear redevelopment plan and demonstrate financial readiness, such as:
    • A bank balance covering project costs, or
    • A pre-approved loan.
  • If selected:
    • 50% of the City lien will be forgiven upfront.
    • The applicant will have 12 months to substantially complete the project.
    • Once verified, the remaining 50% of the lien will also be forgiven.
    • If the project is not completed on time, the lien will be reinstated.

How to Apply

  1. Start with a phone screening.
    Call the MRA to determine your eligibility. Contact Jenny Jackson, Deputy Director, 505-263-5376.

  2. Submit an application.
    If you meet the initial criteria, you’ll be invited to apply. Applications are reviewed on a rolling basis.

Required Application Materials

To be considered, your application must include:

  • A site plan and renderings
  • A project timeline
  • A detailed budget, including contractor estimates
  • Proof of financial soundness:
    • Bank statements (if paying in cash), or
    • Loan pre-approval documentation

A contract outlining the forgiveness terms will be recorded on the deed. If the property is sold before project completion, the new owner will be subject to the original agreement.

Questions?

Contact us at 505-263-5376 or [email protected]. We're here to help.