CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. R-25-160 ENACTMENT NO. ________________________
SPONSORED BY: Nichole Rogers
RESOLUTION
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Creating A Working Group To Explore A Fixed Pricing Disposition Program For The Sale Of City-Owned Vacant Buildings And Lots For Housing Development (Rogers)
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WHEREAS, the City of Albuquerque seeks to support community-led development that prevents displacement, builds wealth for historically disinvested communities, and promotes mixed-income neighborhoods with long-term affordability; and
WHEREAS, a Fixed Pricing Program for the disposition of City-owned real property would allow the City to sell certain vacant buildings and lots at standardized prices based on property and purchaser type, enabling more equitable and streamlined access to homeownership and development opportunities; and
WHEREAS, a fixed pricing model establishes set, predetermined sales prices for eligible City-owned properties based on specific criteria such as location, condition, and intended use, reducing subjectivity and inconsistency in the property disposition process; and
WHEREAS, fixed pricing eliminates the need for individualized appraisals and drawn-out negotiations, enabling the City to process sales more efficiently and expand access to affordable housing opportunities for developers, homeowners, nonprofits, and mission-driven entities; and
WHEREAS, implementing a fixed pricing approach ensures a consistent and equitable framework for property sales that can prioritize affordability, transparency, and timeliness-particularly in neighborhoods most impacted by disinvestment and property vacancy; and
WHEREAS, reserving the sale of City-owned properties under the Fixed Pricing Program for housing-related uses, such as residential redevelopment, mixed-use with a residential component, ensures alignment with the City's goals of addressing housing needs and promoting neighborhood revitaliza...
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