ABQ Anchor Businesses Announce Half a Million Dollar Contribution to City Homelessness Initiatives

Feb. 26, 2021

Five Albuquerque businesses are pooling their resources in public-private partnership with the Keller Administration to tackle homelessness, one of the City’s top priorities. As homelessness rises across the nation, the Bank of Albuquerque, French Funerals and Cremations, New Mexico Mutual, PNM Resources, and Presbyterian Healthcare Services are contributing $500,000 to boost access to services and help house more people here in Albuquerque.

“From renting entire hotels to get people off the street and out of harm’s way, to the Gateway Centers, to our Fast-Track to Housing, we’re turning a corner in how we tackle homelessness in this city,” said Mayor Tim Keller. “But government alone can’t solve this problem—and in the true One Albuquerque spirit these businesses are stepping up big to help and we are grateful.”

“Business has a key role to play in creating a vibrant economy and a healthy downtown,” said Norm Becker, New Mexico Mutual’s president and CEO. “While financial support is not the only solution, it can help foster programs that address Albuquerque’s needs. By coming together, and committing to specific causes, business can make a bigger impact.”

The Coalition is providing financial support for the City of Albuquerque’s multi-faceted homelessness plan which addresses the root causes of homelessness. The plan includes emergency shelters, transitional housing, behavioral health services and substance abuse treatment.