10/15/2026
PRESS RELEASE: Representatives from Albuquerque Housing Authority and Housing New Mexico attended the grand re-opening for the Veranda and La Plata Housing Communities in Albuquerque on Wednesday, celebrating the preservation of affordable housing inventory for the metro area. The event featured a grand opening for the Veranda Housing Community, as well as tours and an afternoon open house at La Plata Housing Community.
Located at 9000 Veranda, the updated 35-unit complex operates as an affordable public housing project.
The Housing New Mexico Board of Directors approved the following funding sources for Veranda Housing Community:
• Approximately $766,000 in 9% Low-Income Housing Tax Credits annually, which – over a 10-year period – are expected to produce approximately
$7.1 million in cash equity.
• A $400,000 National Housing Trust Fund loan
With a total development cost of approximately $15.3 million, the property contains 12 2-bedroom units (average size 786 sq ft), 16 3-bedroom units (average size 934 sq ft), five 4-bedroom units (average size 1,117 sq ft), and two 5-bedroom units (average size 1,280 sq ft).
Read more here: https://housingnm.org/about-us/news/albuquerque-housing-authority-housing-new-mexico-and-community-leaders-celebrate-grand-re-opening-of-veranda-and-la-plata-housing-communities