2026 Affordable Rental Housing Project Utilizing Workforce Housing Trust Funds
Closed State & local contract opportunity Posted
- Solicitation number
- RFP-2026-789-HHH-RG
- State
- New Mexico
- Responses due
Opportunity facts
- Jurisdictions
Opportunity details come from cabq.bonfirehub.com. Updated .
About this opportunity
The City of Albuquerque Department of Health, Housing & Homelessness is soliciting proposals for new construction or acquisition, rehabilitation, and preservation of affordable mixed-income multi-family rental housing developments under an RFP with proposals due September 5, 2026. The City will allocate between $9.25 million and $12.5 million in local 2025 General Obligation Bond funds and an additional Affordable Housing appropriation under Council Resolution R-25-206 and intends to divide funding awards among two to three development projects.
The City's contribution under the Workforce Housing Ordinance may fund no more than 20% of Total Development Cost for any single project. All proposed developments must include a minimum of 30% of units affordable to households at or below 80% AMI. Offerors must demonstrate capacity to leverage the City's contribution with additional project financing from sources including the Low Income Housing Tax Credit Program, other HUD programs, and bank loans. The City expects developers to request funds according to their individual project needs and to maximize the number of affordable units created across the portfolio of awards. Eligible project types include new construction, acquisition with rehabilitation, and preservation of existing stock.
Opportunity text
The City's Department of Health, Housing & Homelessness (HHH), will allocate between $9,250,000 and $12,500,000 of local 2025 General Obligation Bond funds approved for the Workforce Housing Trust Fund and an additional Affordable Housing appropriation under Council Resolution R-25-206, towards the new construction or acquisition/rehabilitation and/or preservation of multiple affordable mixed-income, multi-family rental housing developments. HHH intends to divide the award of funding among two (2) to three (3) development projects responding to this RFP, thereby leveraging City resources and maximizing the number of affordable units to increase the City's housing stock. Offerors should request funds accordingly. Any development shall leverage the City's contribution in accordance with the City's Workforce Housing Ordinance, funding no more than 20% of the Total Development Cost of any one project, and provide that a minimum of 30% of all units are affordable to households at/or below 80% AMI. Proposed affordable housing development projects need to demonstrate the capacity to obtain additional project financing from available sources such as the Low Income Housing Tax Credit Program, other HUD Programs, bank loans, etc.
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