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.