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 will build 30 new units, a new community building, and an outdoor recreation area located on the Acoma Indian Reservation in Pueblo of Acoma, NM.
The project consists of three multifamily buildings, two of which will contain 12 units, and one that will contain six units.
The new 1,355-square-foot community building is centrally located and will include a large meeting room and kitchen. It will host programs such as quarterly financial literacy trainings at no cost to the residents.
Outside the community building, residents will have access to a picnic pavilion, bike and walking path, playground and recreation space, and a full-court basketball court.
Raymond James Tax Credit Funds is the project investor.
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- Groundbreaking for Pueblo of Acoma!
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- 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: Under Construction
- Total Homes: 30
- Total Project Cost: $7,652,174
- Total Investor Equity: $7,215,076