Real Estate

Property owners get infrastructure

Saturday, October 27th, 2012, 11:40am

After a nearly 30-year wait, Volcano Vista landowners can now get roads, sidewalks and water.

Albuquerque Mayor Richard Berry signed a measure Friday Authorizing the city to finance a Westside neighborhood associations' infrastructure efforts to enable economic development.

Residents are responsible for paying back the city for financing the project.

The neighborhood association connected with the property purchased 30 years ago requested hook-up to the city's utilities because it as difficult to build home without proper infrastructure.

And the property had been locked in legal battles with the city ever since, according to a press release.

In general, developers are required to build the necessary infrastructure associated with the development, but no one developer was connected with the project.

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The M Real Estate Group celebrates new location

Submitted by Marissa Lucero on Thursday, October 11th, 5:40 pm

The M Real Estate Group is encouraging the public to join the celebration of its newest location grand-opening.

The event will take place at 8101 San Pedro, Suite I, Albuquerque, N.M. 87113, Saturday, Oct. 13, from 11a.m. To 4 p.m. The Hispanic Chamber of Commerce will also sponsor ribbon cutting ceremony noon.

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Rio Rancho homes ranked most affordable

Submitted by Denise Marquez on Monday, September 17th, 3:33 pm

When you think of the largest cities in New Mexico, of course you think of Albuquerque holding the number one spot and Las Cruces as number two, but who do you think ranks number three?

The once suburb of Albuquerque, Rio Rancho, has boomed in as the third largest city in New Mexico and is growing fast with a current population of 87,521. Recently, CNNMoney named Rio Rancho as one of the most affordable cities in the U.S. to buy a home ranking number 22 out of 25 cities. The median home price in Rio Rancho is averaged to $165,128 and the median family income is averaged to be $74,075.

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Redistricting delayed for public opinion

Submitted by Jahla Seppanen on Wednesday, July 20th, 12:03 pm

The City of Albuquerque has delayed a decision on District Court redistricting in order to collect the public’s opinion on the matter.

The redistricting process has been the topic of discussion for the past five months. The Second Judicial District Court Judge Nan Nash has upheld the decision to postpone redistricting decisions until some time in October of this year.

"We are very pleased with the decision of Judge Nash to allow community input in the redistricting process of the City of Albuquerque," says George Luján, SWOP's spokesperson. "The voting rights of historically disenfranchised communities, particularly Chicano and Native American, have been ignored before. Now we have an opportunity to ensure that this doesn't happen again."

By involving local communities and collecting their input, the interests of the Albuquerque residents can be met, and City officials can better understand how redistricting will effect the people.

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Fourth year of funding for housing rehabilitation program

Submitted by Jahla Seppanen on Tuesday, June 28th, 12:15 pm

The Bernalillo County Housing Department will receive another $820,000 in the 2012 fiscal year budget to apply to the owner-occupied rehabilitation program. This funding has been received for the past three years from the New Mexico Mortgage Finance Authority, and put to use on homes that are no longer safe and up to code.

“This program gives homeowners the opportunity to complete the repairs needed to make their homes safe places to live. Without this assistance, many residents couldn’t otherwise afford these basic updates,” says Bernalillo County Commission Chair Maggie Hart Stebbins.

Over the next year ten homes will be rehabilitated in the Bernalillo and Rio Rancho area.

“The City of Rio Rancho is very appreciative of this collaboration,” says Rio Rancho Mayor Tom Swisstack. “This is a good example of what happens when people work across jurisdictional boundaries on issues where the ultimate benefactor is the people we are serving.”

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