CITY of ALBUQUERQUE
TWENTY SEVENTH COUNCIL
COUNCIL BILL NO. O-26-5 ____ ENACTMENT NO. ________________________
SPONSORED BY: Joaqu?n Baca, Tammy Fiebelkorn, Nichole Rogers, Stephanie Telles
ORDINANCE
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Amending The Short Term Rental Ordinance To Add A Separation Requirement For Short Term Rental Permits (Baca, Fiebelkorn, Rogers and Telles)
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WHEREAS, the City acknowledges that many residents purchase their homes with a reasonable expectation that the character of their neighborhood will remain consistent and that short-term rental properties can negatively impact neighborhoods, including increasing noise, disturbances, and impacting neighborhood character; and
WHEREAS, the City of Albuquerque Short Term Rental Ordinance was adopted in October 2020, and went into effect in May 2021; and
WHEREAS, while shelter is a basic necessity, nearly half of Albuquerque renters are housing cost-burdened, meaning they spend more than 30% of their income on housing, placing significant stress on middle-income households and creating real risk for lower-income households; and
WHEREAS, adequate housing is necessary to the safety and prosperity of Albuquerque residents and is integral to the City's equity, public safety, workforce, and economic development strategies; and
WHEREAS, the City is intent on utilizing any and all tools at its disposal in order to mitigate the effects of the housing crisis; and
WHEREAS, the City has appropriated millions to provide more affordable housing and housing resources throughout the City, but the City recognizes that it will take years for its investments in affordable and other housing to impact the housing shortage; and
WHEREAS, the City seeks to encourage the repurposing of existing properties into more long-term housing, in addition to the support of new development; and
WHEREAS, the City also seeks to mitigate the excessive utilization of dwelling units as short-t...
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