Todd Clarke CCIM— tclarke@canteraconsultants.com—715 8th NW—Albuquerque NM 87102—505-440-TODD |
Cantera Consultants & Advisors Inc. |
Project File MR Plan |
Community |
Mid NE Heights Metropolitan Redevelopment Plan—Housing |
Location |
Approximate boundaries—Zuni, San Mateo, Moon, Lomas |
City |
Albuquerque NM |
Size |
Several thousand acres |
Year performed: |
1999 |
Problem: |
Once dubbed, the “war zone”, this part of Albuquerque was plagued with minority of home ownership, a lack of available jobs or viable businesses, and a deteriorating neighborhood. |
Services Provided: |
Market study to the City Presentation of findings to City Council Focus Groups Demographics analysis |
Inventory: |
A detailed inventory of projects in the works in this area can be found by clicking here |
Outcome: |
The community picked from several viable products to work on and ended with the development of the International Marketplace—Albuquerque's version of a China Town—centered around the Ta Lin Grocery store. |
Outcome programs: |
Out of this, a concrete effort was needed to stem the tide of rentership vs. ownership (85/15) as compared to City averages (35/65) and to improve the dismal 75% occupancy rate in the area. The MOOP’s—Multifamily Owner Occupant Program was created to offer incentives for home owners to purchase fourplexes and live in one unit. |