Affordable / Attainable Housing
To address housing costs, the Office of Housing is investing directly in affordable and attainable housing developments across the state. Projects range from large multifamily communities to small single-family home infill projects, ensuring any affordable housing built can respond to a variety of community needs and preferences.
Sombra del Oeste
In Progress
Location: Albuquerque
Partner(s): Bernalillo County, Homewise
Total Investment: $1,500,000
Number of Units: 14
Target Population / Affordability: Up to 80% of area median income (affordable to moderate-income families) | Perpetual affordability
About the Project:
This small-scale infill development will create 14 permanently affordable homes in the Albuquerque area. The project increases long-term housing stability for working families and contributes to neighborhood revitalization.
Tierra Linda
In Progress
Location: Albuquerque
Partner(s): Bernalillo County, DBG Properties
Total Investment: $9,509,324
Number of Units: 240
Target Population / Affordability: Up to 60% of area median income (affordable to low-income households) | 30-year affordability
About the Project:
Tierra Linda will add 240 new attainable apartments in southwest Albuquerque for households earning up to 60% of the local median income. The project expands access to safe, quality housing near transit and employment centers.
Lomas Towers (Wells Fargo Building Conversion)
In Progress
Location: Albuquerque
Partner(s): Bernalillo County, Silvermans/Lincoln Capital
Total Investment: $10,000,000
Number of Units: 100
Target Population / Affordability: Up to 70% of area median income (affordable to working families) | 30 year affordability
About the Project:
An adaptive-reuse project in downtown Albuquerque converting the former Wells Fargo office building into 100 attainable apartments. This investment supports downtown revitalization while providing new homes for working Burqueños.
West Mesa Ridge A
In Progress
Location: Albuquerque
Partner(s): Bernalillo County, Yes Housing
Total Investment: $3,500,000
Number of Units: 128
Target Population / Affordability: 30–80% of area median income (affordable to very low- through moderate-income households) | 30-year affordability
About the Project:
Located on Albuquerque’s Westside, West Mesa Ridge A will deliver 128 mixed-income housing units serving a broad range of households. The development promotes economic diversity and community growth.
West Mesa Ridge B
Planning Phase
Location: Albuquerque
Partner(s): Bernalillo County, Yes Housing
Total Investment: $10,000,000
Number of Units: 144
Target Population / Affordability: 30–80% of area median income (affordable to very low- through moderate-income households) | 30-year affordability
About the Project:
A companion project to West Mesa Ridge A, this second phase adds 144 additional homes, expanding affordable and workforce housing capacity in Bernalillo County.
Aldea del Rio
Planning Phase
Location: Albuquerque
Partner(s): Bernalillo County, Yes Housing
Total Investment: $3,000,000
Number of Units: 300
Target Population / Affordability: 30–80% of area median income (affordable to very low- through moderate-income households)
About the Project:
This project supports the transformation of 97 acres of industrially zoned land in Bernalillo County into a sustainable, mixed-use community with affordable and workforce housing. The proposed development will bring together housing, urban agriculture, green spaces, neighborhood businesses, and access to public transportation, creating a healthier, more connected community.
With a focus on environmental sustainability and equitable development, the project aims to expand access to housing, jobs, fresh food, and essential services in a historically underserved area. Planned improvements include renewable energy infrastructure, water reuse, walking and biking connections, and access to the Rail Runner, helping create a more livable neighborhood while addressing longstanding environmental challenges.
Cottages at 161 Chama
In Progress
Location: Albuquerque
Partner(s): Bernalillo County, Center for Housing Economics and StreetVision (fka East Central Ministries)
Total Investment: $1,800,000
Number of Units: 20
Target Population / Affordability: Individuals earning 50% or less of the Area Median Income (AMI)
About the Project:
The Cottages at 161 Chama are 21 400-500 square foot cottages in Albuquerque's International District. This will be the second cottage project in Albuquerque and will serve low income households exiting poverty, treatment, or homelessness. The goal is to rent the cottages for about $1 a square foot.
Planning for State Fairgrounds
Planning Phase
Location: Albuquerque
Partner(s): New Mexico General Services Department
Total Investment: $380,000
Number of Units: TBD
Target Population / Affordability: TBD
About the Project:
The State Fairgrounds redevelopment project will bring new housing opportunities to central Albuquerque as part of a larger effort to transform the property into a mixed-use community. The first phase of development includes plans for more than 430 new housing units, alongside public green spaces, improved pedestrian connections, and community amenities.
The project aims to expand access to housing near jobs, transportation, and essential services while supporting long-term neighborhood revitalization.
Uptown Connect
In Progress
Location: Albuquerque
Partner(s): New Mexico Department of Workforce Solutions, Family Housing Development Corporation/Palindrome
Total Investment: $1,000,000
Number of Units: 175
Target Population / Affordability: Affordability tiers from 30-80% of Area Median Income (AMI) | 20 year affordability
About the Project:
Development of affordable multifamily housing within a mixed use development close to transit and shopping in the Uptown area of Albuquerque.
Affordable Senior Housing Land Acquisition
In Progress
Location: Albuquerque
Partner(s): City of Albuquerque
Total Investment: $3,100,000
Number of Units: 40
Target Population / Affordability: Seniors and other low income populations
About the Project:
Acquisition of site for housing and social services for seniors and other low income households.
Carlsbad Affordable Housing Developments
In Progress
Location: Carlsbad
Partner(s): New Mexico Department of Workforce Solutions
Total Investment: $1,612,000
Number of Units: 26
Target Population / Affordability: Individuals earning 120% or less of the Area Median Income (AMI) | 20 year affordability
About the Project:
Funding for site readiness and infrastructure costs for a new single family homeownership development in eastern NM.
Habitat for Humanity development
In Progress
Location: Hobbs
Partner(s): City of Hobbs
Total Investment: $860,000
Number of Units: 14
Target Population / Affordability: Individuals earning 60% or less of the Area Median Income (AMI) | 15 year affordability
About the Project:
Construction of 14 single family homes
Peachtree Phase I
Complete
Location: Las Cruces
Partner(s): City of Las Cruces, Thomas Development Group
Total Investment: $4,300,000
Number of Units: 144
Target Population / Affordability: Up to 60% of area median income (affordable to low-income households) | 20-year affordability
About the Project:
Peachtree Canyon Apartments added 144 new rental homes for working families and individuals earning up to 60% of the local median income. Designed as part of a larger multi-phase community, the development will include shared outdoor spaces and community amenities to promote safety, connection, and long-term housing stability.
Arcadia 4 Subdivision
In Progress
Location: Las Cruces
Partner(s): City of Las Cruces, Tierra del Sol, Habitat for Humanity
Total Investment: $3,250,000
Number of Units: 52
Target Population / Affordability: Up to 120% of area median income (affordable to middle-income households) | 15-year affordability
About the Project:
Arcadia 4 will create 52 single-family homes for first-time and moderate-income homebuyers in the Metro Verde neighborhood. Built in partnership with local nonprofit housing organizations, the project expands attainable homeownership options and supports workforce retention in one of Las Cruces’s fastest-growing areas.
Skylark Subdivision
In Progress
Location: Las Cruces
Partner(s): City of Las Cruces, Tierra del Sol, Habitat for Humanity
Total Investment: $1,081,522
Number of Units: 32
Target Population / Affordability: Up to 120% of area median income (affordable to middle-income families) | 15-year affordability
About the Project:
Skylark will add 32 homes for working families and individuals earning up to 120% of the local median income. This project will expand affordable housing capacity for affordable to middle-income families in Las Cruces.
Pedrena Senior Apartments
Complete
Location: Las Cruces
Partner(s): City of Las Cruces, Thomas Development Companies
Total Investment: $400,000
Number of Units: 80
Target Population / Affordability: Up to 60% of area median income (affordable to low-income seniors) | 20-year affordability
About the Project:
Pedreña Senior Apartments provides 80 affordable, age-restricted homes for residents aged 55 and older. The project will include accessible units, shared community areas, and design features that support aging in place, ensuring older adults can remain safely housed within their community.
Coyote Mesa
In Progress
Location: Los Alamos
Partner(s): NM Department of Workforce Solutions
Total Investment: $4,964,800
Number of Units: 98
Target Population / Affordability: Individuals earning 120% or less of the Area Median Income (AMI) | 20 year affordability
About the Project:
In Los Alamos, the Coyote Mesa development will add much needed multi-family rental housing for households earning up to 120% AMI. Backed by a $4,964,800 Office of Housing investment, the project aims to expand affordable rental options in a community facing rising housing costs. The development will include 380 housing units in total, 218 of which will be affordable for households earning up to 120% AMI. Of those, 98 affordable units are directly supported by the Office's funding.
Red River Workforce Housing
Complete
Location: Red River
Partner(s): NM Department of Workforce Solutions
Total Investment: $1,600,000
Number of Units: 6
Target Population / Affordability: Individuals earning 120% or less of the Area Median Income (AMI) | 20 year affordability
About the Project:
Red River Workforce Housing addressed the need for attainable housing options for the local workforce by investing $1,600,000 to create 6 modular rental homes for individuals earning up to 120% AMI. The development includes a 20-year affordability commitment, ensuring these units remain accessible to working residents for the long term.
Ruidoso Workforce Housing Project
In Progress
Location: Ruidoso
Partner(s): Village of Ruidoso, Enriched Communities
Total Investment: $5,374,500
Number of Units: 88
Target Population / Affordability: Individuals earning 150% or less of the Area Median Income (AMI)
About the Project:
When catastrophic wildfires and flooding devastated Ruidoso in 2024, families lost both homes and livelihoods, while local housing resources were stretched beyond capacity.
As Department of Workforce Solutions staff worked with displaced residents seeking unemployment assistance and workforce services, they saw the growing housing crisis firsthand. The Office of Housing worked alongside the Village of Ruidoso and community partners to expand emergency housing resources and support the community's longer-term recovery.
Las Estrellas Land Purchase
In Progress
Location: Santa Fe
Partner(s): Santa Fe Community Housing Trust
Total Investment: $4,490,000
Number of Units: 78
Target Population / Affordability: Individuals earning 120% or less of the Area Median Income (AMI)
About the Project:
Partnership with Santa Fe Community Housing Trust to purchase property in Las Estrellas subdivision and develop at least 10 affordable residences within three years, with 78 total affordable residences planned over 15 years.
Arroyo Oeste
In Progress
Location: Santa Fe
Partner(s): Santa Fe Community Housing Trust
Total Investment: $6,500,000
Number of Units: 20
Target Population / Affordability: Individuals earning 120% or less of the Area Median Income (AMI)
About the Project:
In Santa Fe, the Office awarded $6.5 million to Arroyo Oeste to expand affordable homeownership opportunities for households earning up to 120% AMI. The project will create 20 single-family homes for purchase, helping increase the supply of attainable ownership options in a high-cost housing market.
Tierra Contenta spine infrastructure
In Progress
Location: Santa Fe County
Partner(s): Santa Fe County, Homewise
Total Investment: $2,000,000
Number of Units: 600
Target Population / Affordability: Some units for Individuals earning 120% or less of the Area Median Income (AMI), some market rate units
About the Project:
The Tierra Contenta Spine Infrastructure project supports the next phase of affordable housing development in southwest Santa Fe. The Office of Housing's investment will help fund essential roads, utilities, and infrastructure needed to move forward with Phase 3A of the Tierra Contenta community, opening the door to more than 1,000 new homes, including affordable rental and homeownership opportunities.
Led by Homewise, the development will include a mix of housing types, with 40% of homes reserved as affordable housing. Plans also include walking and biking trails, open spaces, and potential neighborhood amenities. By investing in the infrastructure needed to support new construction, the project helps expand housing opportunities and create a more connected, accessible community for Santa Fe residents.
Workforce Housing - Infrastructure
In Progress
Location: Taos
Partner(s): Taos County
Total Investment: $5,200,000
Number of Units: 92
Target Population / Affordability: Public sector workers, healthcare workers
About the Project:
Curb to stub out infrastructure on property already owned and dedicated to variety of "missing middle" housing options
Affordable Housing Preservation
For homeowners on a fixed or limited income, a failing roof or an aging furnace isn't just an inconvenience. Left unaddressed, it can force a family out of a home they've lived in for years and lead to a decrease in the available affordable housing stock. In addition, the expiration of affordability covenants result in entire apartment buildings leaving the affordable housing stock to become market-rate rentals. To prevent such loss, the Office of Housing invests in repairing and preserving existing housing across New Mexico.
Poblana Place Apartments
Complete
Location: Albuquerque
Partner(s): Bernalillo County
Total Investment: $17,850,517
Number of Units: 84
Target Population / Affordability: Individuals earning 120% or less of the Area Median Income (AMI)
About the Project:
The Office awarded $17,850,517 to Bernalillo County to preserve Poblana Place Apartments, an 84-unit, as an affordable apartment complex in Albuquerque. The investment keeps existing affordable housing in service while adding supportive services for seniors and displaced youth living at the complex.
BernCo Builds Home Rehab
Location: Bernalillo County
Partner(s): Bernalillo County
Total Investment: $1,000,020
Number of Units: 27
Target Population / Affordability: Low income homeowners
About the Project:
The Office of Housing invested $1,000,020 in BernCo Home Rehab, which funds critical repairs and improvements for income-qualified homeowners in Bernalillo County, including accessibility modifications for older adults and people with disabilities, structural repairs, and the replacement of major systems like plumbing, electrical, roofing, and heating. The program provides zero-interest, conditionally forgivable loans with no monthly payments, provided homeowners continue to meet program requirements. The program helped preserve 27 housing units.
Supportive Housing
For many people exiting homelessness, a lease alone isn't enough. Lasting stability may also require case management, behavioral health services, rental assistance, or a landlord willing to accept a housing voucher. The Office invests in supportive housing and wraparound services that help people in the below 30% AMI range to secure and maintain stable housing.
Amador Crossing
In Progress
Location: Las Cruces
Partner(s): City of Las Cruces, Mesilla Valley Community of Hope
Total Investment: $2,043,478
Number of Units: 50
Target Population / Affordability: People exiting homelessness at <80% of area median income (AMI)
About the Project:
In Las Cruces, Amador Crossing will add 50 units of permanent supportive housing connected to Community of Hope, backed by a $2,043,478 investment from the Office. The two-story building will offer one-bedroom units, including ADA-accessible options, for people exiting homelessness and earning less than 80% AMI. On-site case management and behavioral health services will help residents build and maintain greater stability as they move out of homelessness.
Cornerstone Apartments
In Progress
Location: Silver City
Partner(s): New Mexico Department of Workforce Solutions, High Desert Housing & Blue Line Development
Total Investment: $3,000,000
Number of Units: 30
Target Population / Affordability: People exiting homelessness
About the Project:
When the federal government unexpectedly terminated a grant supporting a critical supportive housing project in Silver City, the Office of Housing filled the gap so that the years of planning already invested in the project were not lost. The result was a $3,000,000 investment in support of Cornerstone Apartments, a 30-unit development for individuals exiting homelessness. The project combines affordable housing, rental assistance, and on-site supportive services with community amenities designed to help residents maintain long-term stability.
Barriers to Access
The Office of Housing also invests in helping New Mexicans take the step from renting into homeownership. For many working families, the obstacle to owning a home isn't the mortgage; it's coming up with the cash for a down payment or closing costs. These investments target that upfront gap directly, helping first-time and low- to moderate-income New Mexicans become homeowners.
Closing Cost and Downpayment Assistance Program
Location: Gallup
Partner(s): Northwest New Mexico Council of Governments
Total Investment: $300,000
Number of Units: 8
Target Population / Affordability: Identified buyers of affordable housng
About the Project:
This program provides closing cost and downpayment assistance to families who want to purchase a home developed by the Gallup municipal housing authority, lowering the barriers to homeownership.
Homebuyer Assistance Program
Location: Valencia County
Partner(s): Homewise
Total Investment: $1,800,000
Number of Units: 60
Target Population / Affordability: Homebuyers < 150% AMI
About the Project:
Program helps low income buyers purchase newly constructed homes. Eligible borrowers may receive $30,000 in no-interest assistance that is forgiven over time if the home remains their primary residence.
Understanding Measures of Affordability
The affordability of housing is often measured by Area Median Income (AMI)—the midpoint of household income for a region.
- 30% of AMI generally reflects very low-income households (for example, individuals or families earning roughly $20,000–$25,000 per year in Bernalillo County).
- 60% of AMI reflects low-income households, often earning between $35,000–$45,000 per year.
- 80% of AMI reflects moderate-income households, such as teachers, health aides, and service workers earning around $55,000–$60,000 per year.
Projects that list a specific “period of affordability” (for example, 20-year affordability) must remain affordable for that length of time under the terms of their state funding. That means rents or sale prices are limited to stay affordable to households within the income range listed, helping ensure that state investments provide long-term housing stability rather than short-term relief.
All projects are designed so that residents pay no more than 30% of their income on housing costs, ensuring affordability and stability for New Mexicans across income levels.