Bernalillo County purchase of Poblana Place aimed at preserving affordable housing, transcript says
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Summary
An unidentified speaker said Bernalillo County bought Poblana Place Apartments to keep units affordable and house residents, stressing that "profits are not the driving factor"; the transcript gives no price, funding source, or vote details.
Bernalillo County recently bought the Poblana Place Apartments to preserve affordability and keep residents housed, an unidentified speaker said. "Because it's an affordable place to live and we wanna keep it that way," the speaker said.
The speaker emphasized the county's motive was not financial. "Profits are not the driving factor for the county," they said, framing the acquisition as mission-driven rather than revenue-driven. The speaker added that the purchase is intended to secure housing: "It's really about housing people, putting a secure and safe roof over their head," and to help residents "remain members of our community."
The transcript records the county's purchase and the rationale presented but does not provide details on the purchase price, funding sources, whether the acquisition followed a formal vote, or next procedural steps. Those specifics were not specified in the provided transcript.