The city of Albuquerque has launched a new program designed to help homeowners make repairs to their homes as part of the millions officials say they continue to invest in supportive and low-income housing.
“In general, we know that housing insecurity affects families here and across the nation,” Mayor Tim Keller said at a news conference. “We don’t see the same issues here in Albuquerque, but we still have the problems and challenges. They just are not as amplified.”
Known as the “ABQ at Home” project, authorities are slated to earmark around $3.3 million in federal stimulus funds for the repairs, according to KRQE.
City officials said that the job of overseeing program funds will be handled by a still-to-be determined non-profit organization, adding that the funds are pegged to help residents pay for things like replacing water heaters or roofs on homes.
The news comes as the city is in the midst of making a series of housing investments, including in several new market rate projects across the city. Among them are 14 new townhomes downtown and a 220-unit apartment complex to be erected across from Presbyterian Hospital.
In addition, the city is also weighing a proposal for a new 200-unit apartment complex in a project is known as “The Downtowner.”