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Reaching the Dream -- Albuquerque![]() The starting point of the work is based on the direction given by concerned citizens in two Shared Vision Town Halls. The underlying principles of the strategy include calling on the local government to play a proactive role in managing growth, and to be guided by a plan based on well-considered principles. The outcome of the growth should be community, whether at the fringe or in existing neighborhoods, with new neighborhoods built at the fringe, not just in residential subdivisions. The existing community should be the priority in terms of the vitality of development, the existing infrastructure should be maintained and rehabilitated, and the correction of deficiencies should be a high priority. With this in mind, the HUD Center for Faith-Based and Community Initiatives (CFBCI) has chosen Albuquerque for the "Reaching the Dream" initiative. The following information provides a look at some of Albuquerque's neighborhoods undergoing revitalization, as well as an overview of Albuquerque's demographics. Neighborhoods
Albuquerque
is divided into four quadrants: Northeast, Southeast, Northwest,
and Southwest. The north and south dividing line is Central Avenue,
and the east and west dividing line is Broadway. Each quadrant has
its own unique qualities and distinctive neighborhoods. The following
neighborhoods are areas where significant revitalization is occurring,
that have the highest percentage of foreclosures, and the lowest
home prices in the region:
Summary of Statistics Between 1990 and 2000, the city of Albuquerque saw a population growth of 15.5 percent, bringing the population to 448,607 and increasing the number of houses built by 20 percent. The
racial composition of the residents of Albuquerque is: Caucasian-71.5 percent Sixty percent of the citizens own their homes, while 40 percent rent. The 2000 median value of all owner-occupied housing was $125,236. Based on the 2000 census, the median household income in Albuquerque was $38,839 per year. Nearly 17 percent of households operate on an estimated yearly income of less than $15,000, and the unemployment rate is 5.2 percent. HUD's
Regional Faith-Based Liaison HUD's
Regional Director |
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Content Archived: April 9, 2010 | |
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