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Commission approves tax-exempt financing for three apartment rehabs to preserve affordability
Summary
The county approved a project revenue bond ordinance and two inducement resolutions to support rehabilitation and 30-year affordability commitments for Saint Anthony’s Plaza, Via Hermosa and Desert Willow.
Bernalillo County commissioners approved actions Jan. 14 to facilitate tax-exempt financing and tax-abatement mechanisms for three existing apartment complexes that will be rehabilitated and kept affordable.
The board adopted Ordinance 2025-5 to authorize project revenue bond financing tied to the planned acquisition and rehabilitation of Saint Anthony’s Plaza, a 160-unit complex. County staff said the project includes conveying the site to the county to facilitate…
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