The Housing Trust completed work on its 60-unit, service-enriched, affordable rental community, Stage Coach Apartments, in June 2013. The $12 M award-winning project involved renovating an aging Route 66 motel, the Stage Coach Motor Inn, into 16 units and adding a large community room and an additional 44 units clustered around four courtyards. The dwellings are energy efficient, green-built and are LEED platinum-certified. Rents range from $260.00 to $853.00/month (average $588.00) per unit. Stage Coach’s units are 100% leased, with a current waiting list of 100 individuals and heads of households with an expected waiting period of six or more months.
Twenty-five percent of the units are dedicated to special needs clients, including people emerging from homelessness. The Housing Trust works closely with local nonprofits receiving referrals and organizing social services for residents. An in-house service coordinator counsels residents and links them to nonprofits that provide much needed assistance such as healthcare and workforce training.
Stage Coach is the second affordable, service-enriched multifamily community developed by The Housing Trust. The Village Sage, located in Tierra Contenta across from Capital High School, also offers 60 affordable, energy efficient units, 25% of which are dedicated to special needs residents. Completed in 2011, The Village Sage is 100% occupied with a waiting list of varying length.
Both developments were Low Income Housing Tax Credit (LIHTC) funded projects and designed with community in mind. They offer a community building with multi-use event and activity space, classroom/computer room and an on-site service coordinator. They have outdoor play/picnic areas and gardens, walking paths and are located close to public transportation and nearby schools. Residents participate in on-site holiday activities, garage sales, fitness classes, pot lucks and educational programs. Based on the successful operations of our two multifamily communities, The Housing Trust is working with other northern New Mexico communities in the development of similar projects.