New Mexico

Copper Terrace Apartments | Albuquerque, NM

Loan Amount: $6,575,000

Developer: YES Housing Inc

The Copper Terrace Apartments is a 96-unit affordable multifamily housing project, with 90 units (93.8%) restricted to tenants at or below 60% of AMI, consisting of nine two- and three-story buildings with one- to four-bedroom units. The property targets families with children, providing supportive services like tutoring and health education. Amenities include a community building, laundry, and outdoor areas. Unique aspects include its rolling rehabilitation process with tenant relocation support, and 34 units under Section 8 HAP contract.

Units: 96