District 6 Housing Projects
SOMOS
This development, located at Central & Alcazar, will transform MRA-owned land into a70-unit affordable housing complex with 1,000 square feet of commercial space. 84% of the housing units will be income-restricted, addressing a critical need for affordable housing in Albuquerque.
Highlands Central Market & Residence Inn
The Highlands Central Market & Residence Inn development will feature a 14,900 sq. ft. food hall and a 126-unit Residence Inn. This project is designed to enhance the local economy by creating jobs, stimulating business, and providing a new vibrant space for residents and visitors.
The Garfield Town Homes
The Garfield is a 16-unit town home project will consist of two separate buildings containing two-story, one-bedroom loft-style units. The development will be LEED Platinum certified, 100% electric, energy efficient, and will incorporate cooling design features, materials, and colors to enhance energy efficiency.
The Park Central Project
The Park Central commercial-to-residential conversion project will create 101 units of new housing in an abandoned office tower. Features will include a green roof, EV charging stations,
a mural painting by a local artist, bike storage, a dedicated car share space, and all electric apartments.
“I am so excited to see all four of these projects in District 6,” said City Councilor Nichole Rogers. “This kind of investment in housing is a huge deal for us and I am so grateful to see this happening.”
The RTA program provides property tax abatement on the incremental property taxes for seven years. The property tax program, applicable in all tax districts, aims to attract private investment, foster high-quality sustainable development, and deliver tangible housing and economic benefits to the community.
For more information and updates on the Redevelopment Tax Abatement Program and other MRA incentives, please visit the Development Incentives page.