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Sun July 4, 2010
Las Cruces Housing Project On Hold
By KRWG News
Las Cruces – A developer has put plans for a 60-unit affordable housing project in Las Cruces on hold.
The developers, Supportive Housing Coalition of New Mexico, notified officials in the southern New Mexico city that they were unable to secure money needed to build the $6.5 million project.
City neighborhood development coordinator David Dollahon says the partnership did not receive federal low income housing tax credits this year for the proposed project.
He says the partnership intends to pursue the funding next year.
The Las Cruces City Council had chosen the former site of a city office center as the possible location for an affordable housing project.
Dollahon says the housing coalition is still interested in the property.
Information from: Las Cruces Sun-News, http://www.lcsun-news.com
Copyright 2010 The Associated Press.