The PAHA LIHTC Homes #1 project received a 2016 allocation of Low Income Housing Tax Credits from the New Mexico Mortgage Finance Authority. With this allocation, the housing authority built 30 new units, a new community building, and an outdoor recreation area located on the Acoma Indian Reservation in Pueblo of Acoma, NM.
The development consists of three multifamily buildings, two of which contain 12 units, and one that contains six units.
The new 1,355-square-foot community building is centrally located and includes a large meeting room and kitchen. It hosts programs such as quarterly financial literacy trainings at no cost to the residents.
Outside the community building, residents have access to a picnic pavilion, bike and walking path, playground and recreation space, and a full basketball court.
Raymond James Tax Credit Funds is the project investor.
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At a Glance
- Native Organization: Pueblo of Acoma Housing Authority
- Asset Management Client
- Design and Construction Features
- Date Closed with Investor: 2017
- Date Completed:
- Development Type: New Construction
- Project Status: Complete
- Total Homes: 30
- Total Project Cost: $7,599,653
- Total Investor Equity: $7,215,076
