Affordable housing opens in Southeast Heights By Steve Sinovic / Journal Staff Writer Thursday, August 3rd, 2017 at 3:20pm
ALBUQUERQUE, N.M. — An affordable housing project in Albuquerque’s Southeast Heights that has been in the works since 2015 officially opened Thursday . Described as a high- design urban infill site , the 89- unit Casa Feliz apartment complex is a $17. 2 million redevelopment project that received funding from four sources. The bulk came from $12.5 million in low- income housing tax credits from the New Mexico Mortgage Finance Authority . City support for the project, which is located in the International District, includes $2.8 million from the Affordable Housing Fund . The New Mexico Housing Trust Fund kicked in $1.5 million and $400,000 came through the Ventana Fund, a nonprofit organization administered by MFA. The development, which is located at 443 Española Street SE, consists of efficiency, one-, two- and three-bedroom apartments. Casa Feliz is reserved for families and individuals with incomes at 30 to 60 percent of the area median household income of $48,900. Twenty per...