CITY of ALBUQUERQUE
TWENTY SIXTH COUNCIL
COUNCIL BILL NO. M-25-6 ENACTMENT NO. ________________________
SPONSORED BY: Ren?e Grout
MEMORIAL
title
Declaring Support For The Housing Affordability Amendment To The New Mexico Metropolitan Redevelopment Code (Grout)
body
WHEREAS, The City of Albuquerque is in a housing crisis; and
WHEREAS, the housing landscape and dynamics within the City of Albuquerque have been analyzed and documented within various housing-related reports such as the 2020 Albuquerque Affordable Housing and Homelessness Needs Assessment, the 2023 Housing Forward ABQ report, and the 2024 Albuquerque Region Housing Needs Assessment; and
WHEREAS, key findings in these reports point to several factors such as affordability, cost burden, overcrowding, gaps in rental and ownership housing, and demographic trends affecting the availability and condition of housing. The 2024 Affordable Housing Needs Assessment reported the following key findings:
1) Overall, all the available land for future housing is located on the West side. If all that land develops as housing, the jobs/housing balance will worsen, congestion at river crossings will increase, and access to services for West Side residences will be challenging.
2) Redevelopment incentives east of the Rio Grande will be needed to build more housing close to job centers and services.
3) Albuquerque's increasing proportion of older adults means more small households that need smaller units or multi-family units with nearby services.
4) 52% of all renters are cost burdened because they pay more than 30% of their income in housing.
5) Significant subsidies are needed to make housing affordable now and into the future.
6) 41% of rental housing is Class C, signaling an aging housing
stock in need of significant repair and maintenance.
WHEREAS, the U.S Department of Housing and Urban Development published the 2025 Area Median...
Click here for full text