ALBUQUERQUE, N.M. (KRQE) – Developers are getting a better idea of what the City of Albuquerque is looking for in its downtown housing project proposals. The housing project involves the Metropolitan Redevelopment Agency.
The city put out a call for requests for projects earlier in November. On Wednesday, they outlined the application for developers.
Each project must add at least 50 units of housing located within one of the Metropolitan Redevelopment Areas. Up to $3 million in city funding has been set aside for projects.
The deadline to submit proposals is March 3.