MORE HOUSING OPTIONS COMING TO ALBUQUERQUE. THE BERNALILLO COUNTY COMMISSION HAS APPROVED A NEW DEVELOPMENT FOR THE CENTRAL PART OF THE CITY. IT’S THE ARROYO VISTA APARTMENTS, SLATED FOR CONSTRUCTION IN THE 42-HUNDRED BLOCK OF BRYN MAWR DRIVE NORTHEAST, NEAR I-25 AND MONTGOMERY.
THE APARTMENT COMPLEX WILL INCLUDE 190 UNITS RANGING FROM ONE TO THREE BEDROOMS. THE COMMISSION SAYS ALL THE APARTMENTS WILL BE MADE AVAILABLE TO PEOPLE WHO QUALIFY FOR AFFORDABLE HOUSING.
THE DEVELOPER GETS A TAX BREAK OF JUST UNDER 30-THOUSAND DOLLARS A YEAR FOR THE NEXT 52 YEARS BUT IS ALSO REQUIRED TO PAY THE COUNTY 11-THOUSAND DOLLARS A YEAR IN ADMINISTRATION FEES.
IT’S EXPECTED THE PROJECT WILL CREATE 320 CONSTRUCTION JOBS AND FOUR PERMANENT JOBS.
