2025 Affordable Homeownership Development Project (Scattered-Site)

This solicitation invites qualified non-profit organizations and government entities to submit proposals for developing affordable homeownership units targeted at households earning at or below 80% of the area median income in Albuquerque, New Mexico. The project focuses on utilizing vacant city-owned parcels, totaling approximately 0.60 acres, located in the Barelas Neighborhood, including four contiguous parcels near 2nd Street SW and Santa Fe SW, as well as two additional parcels on 3rd and 4th Streets SW south of Cromwell Ave SW. The City of Albuquerque will allocate up to $455,000 in Capital Outlay funding from the State of New Mexico, with the land's value to be determined through appraisal prior to contract signing. The total project budget may range from $455,000 to $1,000,000, depending on land valuation and development costs. Proposals are due by July 8, 2025, with the project aimed at fostering homeownership opportunities on scattered-site parcels within the specified neighborhood. The initiative emphasizes creating affordable housing solutions for low- to moderate-income households, leveraging city-owned land and state funding to support community development. Interested parties can find additional details and submit proposals through the designated online portal. The project aligns with the city's broader efforts to promote affordable housing and community revitalization in Albuquerque.