Finance and Government Operations Committee Meeting | November 9, 2026

The Finance and Government Operations Committee meeting on November 9, 2026, considered multiple development agreements and budget items. The committee voted 4–0 to forward without recommendation two agreements for Sole Housing’s Cosecha affordable-housing project: conveyance of city land valued at $1.8 million and a separate HOME-funded agreement for site preparation and construction. The proposal describes up to 92 mixed-income units, with at least 85% serving households at or below 80% of area median income, in two planned phases estimated at $16 million and $19 million. Officials cited approximately $350,000 for floodplain remediation and outside funding for related site work; the developer expects HOME funds, low-income housing tax credits, bank financing, and other sources. Committee members requested reconciliation of the agreements, clarification of the project’s unit count and fiscal impact, and an updated land appraisal before full Council consideration. A separate agreement with Sunlight Properties LLC for 13 workforce townhomes on city land valued at $375,000 was approved 4–0.

The committee also approved 4–0, as amended, the FY2027 Albuquerque Tourism Marketing District assessment and budget, projected to generate just over $7 million from the existing 2% assessment on participating lodging businesses; the city retains 1% for administration and remits the balance for district activities managed through Visit Albuquerque. The amendment replaced a report containing calculation and balance-sheet errors. A proposed downtown mobile-food-unit permit ordinance—capping permits at 20 and providing for a lottery, alongside operating and enforcement requirements—was forwarded without recommendation after discussion of parking, noise, and implementation issues. A resolution concerning public access to the Albuquerque High courtyard was also forwarded without recommendation. No contract award or competitive bid approval was identified.