City of Albuquerque Near Heights Metropolitan Redevelopment Plan - Housing Summary
a) Development of a benchmark of historical conditions:
i) Overall demographics of neighborhoods defined by the MR plan
ii) Four year history of average single family, attached townhouse, and multifamily sales per square foot or per unit.
iii) Five year history of average rent per square foot and vacancy rates for multi-family projects.
iv) Historical information about crime and crime rates in the area.
v) Dissertation about property transactions, typical buyer profiles, etc. for this area.
b) Development of review criteria and framework to determine or identify:
i) Single family properties or neighborhoods that are in need of rehabilitation.
ii) Single family properties or neighborhoods that are in need of redevelopment
iii) Multifamily properties or neighborhoods that are in need of rehabilitation.
iv) Multifamily properties or neighborhoods that are in need of redevelopment
v) Minimum standards to identify Successful projects, communities or neighborhoods that have implemented change.
c) Evaluation of:
i) Existing financing programs
ii) Existing government grants and/or programs.
iii) Existing zoning and land uses and their compliance/hindrance with overall the needs for the area
d) Identification of:
i) Gaps between financing and area needs
ii) Potential changes in land use needs
iii) Concepts or plans that could be implemented on a neighborhood level to improve quality of living, property values, safety, and overall ambiance.
The team reviewed historical housing, crime, and project info in the area on these slides: View the CAT Team Powerpoint presentation for this evening here
Then the team reviewed three possible housing options that might have an impact on the area, weighing Pros vs. Cons, and prooviding overall feedback for each of the plans (A-B-C).
| Option A | New Design | This program option targets vacant and underutilized properties as candidates for new design of housing stock utilizing CPTED principles. |
|---|---|---|
| Pros | Cons | |
|
CPTED concepts used Can be used as condominiums in the future Enhances the image of the neighborhood Highest and best use of land Crime prevention Increases communal aspect of a lot that size Might attract new residents Decreases density Savings in utilities Increased quality of life for residents
|
Raising level of housing above area residents' reach Gentrification Gentrification impacts area's culture Does not allow for more ownership options in the immediate future High construction cost
|
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| Option B | Multi-Family Owner Occupied Properties (M.O.O.P.s) | This program option fills 25% of unoccupied rental units with owner occupants. It offers financing options for low-income buyers and involves a landlord mentorship/training program. CPTED principles are also utilized in this scenario. |
|---|---|---|
| Pros | Cons | |
|
Owner occupancy Economic opportunity for those who currently do not have it Pride of ownership Educational aspect Mentorship Increased curb appeal Crime prevention Decrease in rental units/increase in occupancy Good for area's culture Solves absentee owner problem (note: absentee does not imply out of town per se)
|
Little equity from owner - chance that he/she will walk away (note: whether the equity involved is actually "little" for the buyer was called into question) Lack of curb appeal Lack of opportunity for landscaping
|
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| Option C | Rehabilitation Program | This program option encourages rehabilitation of housing stock with a CPTED principle compliance component. |
|---|---|---|
| Pros | Cons | |
|
Construction cost Crime prevention More habitable dwellings Ethnic appeal - color, brightness Better use of parking lots Better lighting Tenant screening More opportunity for community involvement by residents and organizations/sweat equities Includes property owners Marketing/publicity for the neighborhood - a chance to change the public's perception of the area (this applies to all three options)
|
Lack of opportunity for landscaping Lack of pride of ownership for tenants
|
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Finally, the team talked about other issues and possible solutions in the area including the following topics: Code team - shortgage of personel - 1on1 - CCRs & C.E.D.
Color variation - cleanliness - tree's
BID's
marketing=changing public perception
"unified" block renovation
---tenant centtric - facade improvement
relax parking requirement to allow for landscaping
change street names
"gateways"
spruce up alleys
garage program
ability to adopt CCRs after the fact?
Attendees
Willard Steinsick
Pat Herring
Don Gould
Al Soto
George Montgomery
Bobbie Nobles
Jeannete Moore
Kerri Holly
Connie Alexander
Carol Weahkee
Tom Kanley
Isaac Benton
George Hilton
Mick McMahan
Rod Davis
James Crabtree
David Curtis
The following link provides you with a detailed inventory of activity in this area .
Click here to download an Excel spreadsheet containing a list of Expenditures on these projects. area .
Harrison Higgins of Planning Technologies, Bill Moy of the Star Group and Todd Clarke CCIM of Grubb & Ellis|Lewinger Hamilton Inc. , have been selected to assist the City of Albuquerque in designing a action plan to take to assist with redevelopment in this area. Check back during the next few weeks for updates on meetings and other info as the plan unfolds.
| Additional Info: | Call Todd Clarke CCIM |
| (505) 883-7676 Fax: (505) 837-1944 Address: 2340 Menaul NE Suite 200 Albuquerque NM 87107 | |
| Information compiled from the Database of Todd Clarke CCIM and is © of Todd Clarke CCIM and NM Apartment Report | |
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