Downtown@700-2nd

Downtown@700-2^nd recently had its grand opening in Albuquerque, New Mexico. The development, a 72-unit $13 million green affordable rental community, is home to formerly homeless persons, those with special needs, retirees and low-wage workers, as well as market-rate residents.

Opened in March and now 90 percent full, Downtown@700-2nd provides fully-furnished units to residents, and has a cafe, community garden and on-site space for service providers. The property is pedestrian friendly with links to bike routes, buses and the Rail Runner commuter train. Government offices, public library, restaurants, shops, services and several of Albuquerque's largest employers are within walking distance.

The Supportive Housing Coalition of New Mexico (SHCNM) is the state-wide non-profit organization that developed and owns Downtown@700-2^nd. SHCNM’s mission is to prevent and reduce homelessness and to increase the quality of life for people with behavioral health issues in New Mexico by creating affordable, supportive housing in partnership with local communities and member agencies.

The City of Albuquerque donated the land for this site and was funded through the Workforce Housing Trust Fund, the Mortgage Finance Authority Board, and Enterprise Community Partners among others.

By partnering with other public and private actors, SHCNM was able to give the city of Albuquerque a great project for its citizens. Downtown@700-2^nd would have been an impossible undertaking for a lone non-profit organization. Having a community-based non-profit organization spearhead this effort, made it possible for the community to rally around an innovative, and somewhat controversial project. Through creative financing and alliance building, SHCNM was able to make their dream a reality.

Press Release