Casitas del Camino Affordable Housing Project

planned

Casitas del Camino is an affordable housing rehabilitation and development project on Albuquerque's west side. It includes the rehabilitation of an existing 42-unit public housing property and the construction of an additional 46 units, totaling 88 affordable housing units. The units will remain affordable for at least 30 years and will be income restricted to tenants earning between 30% and 60% of the area median income. The project is planned to house 541 people in total. Construction will take place in two phases with a total project cost of $31.2 million, including $20.2 million in construction hard costs. The project will be financed by 4% Low Income Housing Tax Credits, tax-exempt bonds, soft loans, and commercial debt. Construction is planned to start in October or November 2025.