ALBUQUERQUE, N.M. (KRQE) – Albuquerque Mayor Tim Keller recently signed off on the city’s latest proposed General Obligation bond package. The package includes $12.5 million for housing and millions for street and infrastructure projects.
Keller has prioritized expanding affordable housing for unhoused and low-income families. Earlier this year, he asked lawmakers for $50 million to boost housing. Recently, the city bought a hotel to create 100 affordable apartments. Now, he’s approved a ‘GO’ bond package to help finance housing and other city projects.
“By investing in public safety, housing, and projects that boost the quality of life, we can build a stronger, safer Albuquerque,” Keller said in a press release. “The GO Bond package will help us address some of our most pressing needs while also creating jobs and stimulating economic growth.”
The housing funds would go towards building additional housing across the city. And some of the funds would go towards the Gateway Center, a would-be shelter that has recently been dealing with asbestos issues.
The package also would provide almost $60 million for road and storm drainage work and median landscaping. Some of that money would go toward a long-overdue makeover of the Lomas-University interchange.
Additionally, park improvements, public safety facilities, cultural spending, and museums will be emphasized with more than $40 million combined.
The funds still need approval from the city’s voters. They will be on the ballot during the general election this fall.