Albuquerque Workforce Housing Trust Fund
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The National Low Income Housing Coalition is providing this data as a public service. NLIHC will continue to update the database. The accuracy of the data is based on information provided by the programs' administrators and user submissions.
The Workforce Housing Trust Fund provides gap financing to fund the rehabilitation or new construction of affordable housing. Eligible development projects must set aside at least 30% of units to serve low income households. The program supported the development of 11 affordable housing projects between 2008 and 2011, and added 402 multifamily housing units to the city's inventory during this time period.
The Workforce Housing Trust Fund is funded through bonds issued by the City of Albuquerque, and approved by voters. In 2007, 2009, and 2011, $10 million was approved by Albuquerque voters, for a total of $30 million. As of 2015, the Workforce Housing Trust Fund has received $32.5 Million across four bond cycles. Another vote for an additional $4 million took place in the fourth quarter of 2015.
PLEASE NOTE: Some of the information on housing trust funds included in this database was provided by the Center for Community Change (Housing Trust Fund Project). Go to www.housingtrustfundproject.org for more information on State and Local Housing Trust Funds.
Contact: Richard Giron, Department of Family and Community Services, [email protected], 505-768-2968