2026 Affordable Rental Housing Project Utilizing HUD HOME ARP Funding

Project Description: This Request for Proposals (RFP) makes available $6,611,427.00 of HOME-American Rescue Plan (HOME-ARP) funds awarded to the City of Albuquerque by the U.S. Department of Housing and Urban Development (HUD) to support the development of affordable rental housing for HOME-ARP qualifying populations identified in the City's HOME-ARP Allocation Plan. In addition to HOME-ARP funding, the City is making available a City-owned development site located at 6600 Zuni Rd. SE. The City will subdivide the property and convey approximately 1.72 acres of vacant land to the selected developer for the construction of affordable rental housing. Through this investment, the City seeks to leverage its land and HOME-ARP resources to maximize the production of high-quality affordable housing that serves Albuquerque's most vulnerable residents. Additionally, the development must also meet the applicable statutory and/or regulatory requirements of 24 CFR Part 92, related to the available HOME Investment Partnerships (HOME) funds, 2 CFR Part 200 related to the Uniform Administrative Requirements, 24 CFR Part 75 regarding HUD Section 3 requirements direct employment, training, and contracting opportunities to low-income individuals and the businesses that employ these persons within their community, and any other applicable requirements for federal awards.