![]() Up to 800 new affordable rental units are expected to be built between now and 2026 in Las Cruces through a unique use of bond funding. By a more than two-to-one margin, Las Cruces voters in November of 2022 gave their approval to a $23 million general obligation bond designed to fund a variety of city infrastructure needs. One portion of the $23 million proposal specifically called for $6 million to be placed into the city's Affordable Housing Trust Fund to, as the ballot language stated, "provide resources to plan, design, construct, acquire, and preserve housing affordable for low- and moderate-income households." Now, in working with the Durango, Colorado-based housing consultancy firm Project Moxie, city officials are putting together an affordable housing investment strategy plan that would see the $6 million leveraged in order to get yet more funding out of either Santa Fe or Washington, or both, to expand the affordable housing effort. The leveraging, according to city officials, could more than triple the number of new affordable units to be built. Natalie Green, Housing and Neighborhood Services Manager for the City of Las Cruces, has told members of the Las Cruces City Council that the city is in of "at least 5,600 rental units" and about 6,000 single-family units in the next five to ten years to just keep up with demand. The plan is expected to go before the council next month, and already has the public support of newly elected Mayor Eric Enriquez who has pointed to the need for building new affordable housing as one of his top priorities. By Garry Boulard
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