Bernalillo County Board of Commission Administrative Meeting April 2026
Non-PRB Tax Exemption OK’d for Renova Wyoming Housing
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Description
Bernalillo County approved a non‑project revenue bond tax exemption for the Renova Wyoming affordable housing development, which will invest $10 million to build 102 workforce units at Wyoming and Montgomery. The project receives a 25‑year 100% property tax exemption while paying a $17,000 annual county fee.
Contract Details
Contract Amount
$10,000,000 private investment; 100% property tax exemption over 25 years with an annual county fee of $17,000
Vendor
RENOVA WYOMING
Agency
Bernalillo county Housing Department, NM
Contract Type
FINANCIAL_SERVICES
Document Date
April 14, 2026
Contract Term
25 years
Renewal Date
2051-12-31
Renewal Info
Resolution authorizes a 25‑year 100% property tax exemption with a fixed annual fee; no renewal or extension provisions were described.
Issuing Agency
Bernalillo county Housing Department
Local Housing Authority
Albuquerque, NM
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Bernalillo County Commission Administrative Meeting Agenda April 2026
Bernalillo County Commission Administrative Meeting Agenda April 2026
Bernalillo County Board of County Commissioners Administrative Meeting Action Report April 28 2026
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