Construction Reporter
  • Home
  • Services
    • Planroom
    • Free Trial
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity

Las Cruces Bond Proposal to Fund Housing Projects

9/28/2022

0 Comments

 
Picture
In a move to address what is thought to be a roughly 5,600-unit shortfall of affordable housing, the City of Las Cruces has placed on this fall’s ballot a question asking for $6 million to fund new housing projects.

The ballot question will appear as a general obligation bond proposal and is one of four such bonds confronting Las Cruces voters in the November election.

If approved, the $6 million will be used to leverage significantly larger funding coming out of both Santa Fe and Washington for new housing construction.

The bond language more specifically says that the $6 million will be implemented to “provide resources to plan, design, construct, acquire, and preserve affordable housing” for residents classified as living in low to moderate income households.

The bond funding will, as part of the city’s Affordable Housing Trust Fund, also be used to acquire needed land.

In an interview with the Las Cruces Bulletin, Natalie Green, housing and neighborhood services manager with the City of Las Cruces, asserted that construction of such new housing could be characterized as a “catalyst for economic development.”

Green added that the new housing construction will most likely occur at sites throughout the city.
​
City officials have also said that they would like to see at least 300 new affordable housing units built and completed within the next three years.

​By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox.
    ​Sign up for our newsletter

    Subscribe

    Archives

    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

AFFILIATES

Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
HOME
PLANS & PRICING
FREE TRIAL
MAGAZINE​
BECOME A MEMBER
PRINTING SERVICES
FAQS
CONTACT
​ABOUT

TIMELY, RELIABLE NEWS SINCE 1949 ​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758

Copyright © 2022 Construction Reporter
User Agreement   Privacy Policy   Archive Policy
  • Home
  • Services
    • Planroom
    • Free Trial
    • Printing
    • Project Upload
    • Architects & Owners
    • General Contractors
    • Subcontractors
  • Become a Member
  • Magazine
  • News
  • Contact Us
  • About
    • About
    • FAQs
    • Privacy Policy
  • Employment Opportunity