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County introduces $35 million project revenue bond for downtown Lomas Towers office-to-housing conversion
Summary
The county introduced a notice of intent for a $35 million project revenue bond to help finance the Lomas Towers conversion — a downtown office-to-apartment project expected to provide about 100 units and access 4% housing tax credits and bond financing.
Bernalillo County commissioners heard an introduction of a $35 million project revenue bond notice of intent for the Lomas Towers conversion project — a proposed office‑to‑housing redevelopment of the former Wells Fargo building in downtown Albuquerque.
The nut graf: Director Marcos Gonzalez said the inducement would enable the project to…
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