More affordable housing opens Downtown

The Greater Albuquerque Housing Partnership celebrated the opening of an affordable housing development in downtown Albuquerque on Tuesday, making 56 apartments available for low-income seniors and special-needs individuals. Completed at a cost of nearly $13 million, the Cuatro is located at 1319 Fourth Street NW between Kinley and Summer. “Today is a celebration of the current and future residents that call Cuatro home,” said Felipe Rael, executive director of Greater Albuquerque Housing Partnership, a nonprofit that builds, owns and manages affordable apartments and single homes and Cuatro’s developer. “Housing development is economic development. As we review monthly invoices, it is amazing to see the number of local businesses who provide services to our site and to our residents. Thank you to all of the partners that helped design, finance and construct this beautiful project.” Downtown is humming with new rental projects. On Monday, the spotlight was on the newly opened Imperial Building, which features 74 housing units, for both market rate and low-income tenants.