Group looking to increase affordable housing with new funding project

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A local nonprofit is preparing to put millions of dollars into renovation and construction toward Albuquerque's affordable rental development. Ventana Fund launched a pilot project called Thresholds that will award one or more short-term construction loans for small rental housing projects with a minimum of five units and up to $3.5 million in total development costs. The program can be used for new construction or rehabilitation, according t o the fund's resolution on the project. The nonprofit…
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