Here's another article by Albuquerque Business First yesterday showing how pathetic and ineffective most of the mayor's housing initiatives have been lately. He touted the fast-tracking of projects in the high-density centers and corridors of the city. Business First reports that it's resulted in helping just 93 units to be approved in those areas over the last year, 70 of which are the units at the SOMOS Apartments project that recently broke ground. The rest are "single-family homes" according to the city.
https://www.bizjournals.com/albuquerque/news/2025/06/25/city-provides-fastrax-program-update.html
Quote:
The city of Albuquerque has provided a first-half update on a program it implemented in 2024 to spur residential development.
Resolution 24-22 established “a two-year policy for the priority site plan approval and construction permitting of development projects that will result in permanent housing in centers and corridors, and development projects within downtown,” according to the legislation.
The resolution means that if a group builds permanent housing within one of these areas, their plan review and building permit review get FasTrax treatment for free.
Normally, FasTrax priority costs three times the regular plan fee with a $1,000 minimum, according to the city of Albuquerque's website. And, barring corrections, the average expected turnaround time for a FasTrax plan review is six days.
So far this year, 23 projects have been issued permits or completed plan review with FasTrax treatment through the resolution, city of Albuquerque Planning Department Public Information Officer Tim Walsh said.
Those projects amount to 93 housing units, Walsh said. One project, located at 7200 Central Ave. SE, makes up 70 of those units, he added. The remainder of the projects are for single-family homes.
The 70-unit project is a four-story mixed-use development spearheaded by Sol Housing.
The development is named Somos Apartments, and it will have 70 senior-housing dwelling units, along with "supporting residential amenities," according to previous Albuquerque Business First reporting.
Somos Apartments will have 15 market-rate units and 55 affordable housing units, previous Albuquerque Business First reporting shows.
All units at Somos Apartments will be one-bedroom.
Somos Apartments’ amenities will include a fitness room, community room, food pantry, raised garden beds, dog exercise and dog wash areas, gated parking and two EV chargers.
The project will also have three commercial shell spaces on its first floor that will be leased to businesses from the International District.
The Hartman + Majewski Design Group is the architect for the project, and HB Construction is the general contractor for the project.
|
While this was a noble and worthy endeavor I think there's no question it's been a failure so far. I would expect a successful initiative to see hundreds of units pushed along. I also would expect and desire most to be dense housing types. But perhaps that's just because of an overall slowing down of projects in the pipeline due to the current economic headwinds and other national factors.
SOMOS makes up the vast majority of what they're claiming as successes helped along by the initiative. SOMOS would've most likely happened no matter how long the planning approval and building permit process took. Its biggest hurdle was financing, which thankfully the city council approved more help back in April and then it got underway the next month like Sol Housing's executive director said it would if they got that extra funding help from the city.
I think we absolutely need to speed up the planning approval process and the issuance of building permits, but that should be a matter of routine and general policy, not part of a special initiative or done for an extra cost.
It was quite sad for me to see the number of building permit applications seeking fast track under the initiative that actually didn't qualify and weren't in the centers and corridors. I saw things like new single family homes in subdivisions in the far reaches of the city and remodels in the older, more rural or suburban parts of the city apart from the centers and corridors like Westgate, Taylor Ranch, the North Valley, Ridgecrest and Four Hills. I saw an awful lot of commercial projects as well. It just shows that people are hungry for speedier approvals, but very few of those were projects qualifying under the intentions of what the city wanted to see and help along with this initiative.
It would be better for the city to focus on trying to speed up approvals for all projects across the city.