A monthly snapshot from the City of Albuquerque's Metropolitan Redevelopment Agency (MRA), highlighting open opportunities, upcoming events, and key deadlines. | |
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Fresh Coat: Property Improvement Grant | | |
🚀 Opens: February 3, 2026
⏳ Closes: April 3, 2026
A competitive grant for exterior paint and large-scale murals that enhance Route 66 ahead of the Centennial. Awards range from $3,000–$10,000 based on facade size. Property must be located in an eligible Metropolitan Redevelopment Area (MR Area) along Central Avenue.
Eligible MR Areas: Barelas, Central/Highland/Upper Nob Hill, Downtown, East Downtown, East Gateway, Historic Central, Near Heights, Sycamore, Soldiers & Sailors Park, University, West Central.
| | Redevelopment Services RFP | | |
🚀 Opens: February 3, 2026
⏳ Proposals Due: April 3, 2026 at 4:00 p.m.
MRA has released a new Request for Proposals (RFP) for on-call redevelopment services. We are seeking qualified consultants to support a range of redevelopment efforts, including planning and economic analysis, housing program development, placemaking, site readiness, tax increment financing, and related services.
For full RFP details and submission instructions, click on the button below.
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WEBINAR: Fresh Coat: Property Improvement Grant | | |
📅 Date: Friday, February 13
⏰ Time: 12:00 - 1:00 p.m.
📍 Location: Virtual Webinar
Interested in applying for the Fresh Coat Improvement Grant? Join us for an informational webinar to walk through program details, eligibility, and the application process. This is a great opportunity to ask questions and make sure your project is a good fit before applying.
Applications are open February 3 through April 3, 2026.
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Downtown Parking Study: Public Review Coming Soon | The draft Downtown Parking Study is coming later this month! When it’s released, the full report, recommendations, and implementation matrix will be available for public review and comment for 30 days. You can visit the Downtown Parking Study webpage now and check back soon for the draft and details on how to share your feedback. | | Building on a Successful Program: Longer Tax Abatements Proposed at State Legislature | | MRA’s Redevelopment Tax Abatement program helps jumpstart transformative projects by freezing property taxes on new development for seven years. Senate Bill 58, now in the New Mexico Legislature, would extend that exemption to 14 years, giving developers more time to complete projects. If passed, the change would apply to new projects beginning in 2026, bringing more investment, housing, and community benefits to Albuquerque’s redevelopment areas. | The Albuquerque Development Commission (ADC) | | |
📅 Next Meeting: Thursday, February 19
⏰ Time: 2:00 p.m.
📍 Location: Plaza del Sol, Basement Hearing Room (in person)
The Albuquerque Development Commission meets on the third Thursday of each month. Agendas are posted at least 72 hours in advance, and meetings may be held virtually or in a hybrid format when necessary. Any virtual access information will be listed on the posted agenda and on the ADC website.
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Check to see if your property or event location is in a Metropolitan Redevelopment Area (MR Area). | |
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No deadlines to flag right now. | | When programs are nearing their application deadlines, you'll find them here. | | | | |
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Office Hours with Mara
Have questions about one of our grant programs? Stop by, ask away!
Whether you're stuck on an application or curious about what we have to offer, Mara is here to help!
2nd Wednesday of every month at 12:00 p.m.
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Work begins on tower at San Mateo and Central to convert it into affordable housing
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| | Work has begun on redeveloping a long-vacant tower at First Street and Silver Avenue into new housing, aiming to revitalize the site and support neighborhood growth. | | | |
City invests $2M to turn San Mateo Towers into affordable housing
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| | The City is contributing $2 million to transform the San Mateo Towers into Serenade at Park Central, a mixed-income community with 110 apartments, commercial space, and enhanced security, addressing local housing needs. | | | |
Edificio cerca de la avenida Central y San Mateo sera convertido en 110 nuevas viviendas
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| | A long-vacant building at Central Avenue and San Mateo Boulevard will be converted into 110 new apartments, turning an underused property into much-needed residential space. | | | | |
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Thank you for being a valued member of Albuquerque’s community and for signing up to receive email updates from the City’s Metropolitan Redevelopment Agency. Our work is dedicated to revitalizing neighborhoods, supporting local businesses, and creating places where our city can thrive.
If this email was forwarded to you, sign up now to join our network and stay informed about projects, programs, and redevelopment opportunities. Your involvement makes a difference!
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| City ABQ Metropolitan Redevelopment Agency | 1 Civic Plaza NW | Albuquerque, NM 87102 US | | | | |
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