Bernalillo County Board of Commission Administrative Meeting Transcript April 2026
Non-PRB Tax Exemption Approved for Renova Wyoming Housing
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Description
Bernalillo County approved a 25-year non-project revenue bond tax exemption for the Renova Wyoming workforce housing development, granting a 100% property tax exemption with a $17,000 annual county fee. The $10 million project will build 102 affordable units for 60%–120% AMI households at Wyoming and Montgomery.
Contract Details
Contract Amount
$10,000,000 private investment; 100% property tax exemption with $17,000 annual county fee
Vendor
RENOVA WYOMING
Agency
Bernalillo County, NM
Contract Type
FACILITIES
Document Date
April 14, 2026
Contract Term
25-year non-project revenue bond tax exemption term (anticipated construction Q2 2027–Q4 2028, then 25 years)
Renewal Date
2053-12-31
Renewal Info
Non-PRB affordable housing tax exemption is set for a fixed 25-year term; no renewal or extension provisions were discussed.
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Bernalillo County Commission Administrative Meeting Agenda April 2026
Bernalillo County Commission Administrative Meeting Agenda April 2026
Bernalillo County Board of Commission Administrative Meeting Transcript April 2026
Bernalillo County Board of Commission Administrative Meeting Transcript April 2026
Bernalillo County Board of Commission Administrative Meeting Transcript April 2026
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