Economic Development

Commission Approves Project Revenue Bonds for Two West Side Apartment Complexes

01/27/2021

Bernalillo County commissioners have approved project revenue bonds for two multi-family apartment complexes on Coors Boulevard which will bring more than 200 new apartments to low and moderate income residents.

The project revenue bonds were approved as follows:

La Serena Apartments

  • Fronting Coors Boulevard between Los Volcanes and Bluewater
  • $11 million
  • 78, age 55+ apartments

 

San Roque Apartments

  • Fronting Coors Blvd between Los Volcanes and Bluewater
  • $27.9 million
  • 136 apartments

“This is a great opportunity to bring some quality affordable housing to the west side,” says District 1 County Commissioner Debbie O’Malley. “Serving the living needs of multiple generations in their own housing areas makes this a unique effort.”

Project revenue bonds or multi-family housing revenue bonds, are used to provide tax-exempt and/or taxable financing for the construction or rehabilitation of multi-family housing projects for low to moderate-income individuals. Although the county is the issuer, multifamily housing revenue bonds do not constitute a debt of the county.

Both projects were approved on a 5 – 0 vote.

 

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  • Notice is hereby given that the Zoning Administrator for Bernalillo County will hold a virtual hearing in the Zoning Conference Room, 111 Union Square St SE, Albuquerque, NM 87102, on Wednesday, March 10, 2021 at 9:00 a.m. for the purpose of considering the below requests. Due to the State‚Äôs Emergency Order, this hearing will be conducted as a Public Zoom Video Conference. Members of the public may attend by clicking the attached Zoom link or by calling the following number: +1 669 900 6833 and entering Meeting ID: 879 8250 9669 and Password: 558442 Virtual attendance by all parties is encouraged to protect public health. Physical attendance by applicants or authorized agents is limited to two parties per application. Parties who wish to speak at the hearing must register - see attached link.
    Time:
    3/10/2021 9:00 AM

  • Please see attached schedule for hearing deadlines.
    Location:
    Virtual
    Time:
    4/14/2021 9:00 AM

  • Please see attached schedule for hearing deadlines.
    Location:
    Virtual
    Time:
    5/12/2021 9:00 AM

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