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County approves bond, tax‑exemption and lease transfers for multiple housing and development projects
Summary
Bernalillo County on May 27 approved several financing and lease‑transfer measures intended to preserve affordable housing and support neighborhood development, including additional bond authority for Encino Senior Gardens and a $34 million industrial revenue bond for a Nob Hill hotel.
Bernalillo County on May 27 approved several ordinances and resolutions that finance and preserve affordable housing and support neighborhood development, including project revenue bond reauthorization, an industrial revenue bond for a boutique hotel, and transfers of existing affordable housing leaseholds.
The commission reauthorized use of an additional $4.8 million of previously approved project revenue bonds for Encino Senior Gardens, a senior affordable housing project at Alvarado and Zuni, citing higher construction costs and unforeseen conditions that increased the project’s capital needs. County staff said the action…
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