DBG Properties Receives $6 Million for Innovative Housing Project

Author: Henry Turner Updated: 08-28-2025 04:25 PM

DBG Properties Secures Funding for Affordable Housing

DBG Properties, LLC is making significant strides in enhancing affordable housing in the region through its latest project, Tierra Linda Apartments. The company has announced a substantial $6 million investment allocated by governmental entities to support this worthwhile initiative. The Tierra Linda Apartments is envisioned as a 240-home community that will be 100% income-restricted, ensuring that it provides high-quality housing options for families that need it most.

Details of Tierra Linda Apartments

Set to be developed at 3450 98th St S., the Tierra Linda community will serve as a vital resource, providing homes that are affordable to families with incomes at 60% of the Area Median Income (AMI). This project reflects a continued commitment to support families in need and responds to the city's increasing demand for accessible housing. Work on the community is projected to conclude in 2027, with professional management from Mission Rock Residential, which has a solid reputation in community-focused housing.

Local Leadership and Support

The allocation of funds is part of a broader $80+ million initiative from the state aimed at enhancing affordable housing solutions and combating homelessness throughout the area. Local leadership, including the partnership with the City and County, has been crucial in bringing this project to fruition. Eric Grodahl, Principal at DBG Properties, expressed gratitude for the state and local partners in helping to launch Tierra Linda.

Community Impact and Future Prospects

With an emphasis on creating family-oriented living spaces, Tierra Linda is strategically designed to address the urgent need for better housing options in Albuquerque. Meredith Wright, President at Mission Rock Residential, highlighted the importance of such developments, noting that they are steps towards fulfilling the housing aspirations of the city's workforce. With additional backing from key partners such as NewPoint and the New Mexico Mortgage Finance Authority, Tierra Linda has a solid foundation to thrive.

Signifying Commitment to Affordable Housing

This project represents not just the building of residences but a commitment from DBG Properties to respond to the housing crisis affecting many families across the region. With years of experience in affordable housing, the firm continues to structure creative financing and forge enduring public-private partnerships that improve housing outcomes. The investment in Tierra Linda underscores this mission and aims to foster long-term community growth and value.

Frequently Asked Questions

What is Tierra Linda Apartments?

Tierra Linda Apartments is an upcoming 240-home affordable housing community designed specifically for families with income restrictions.

When is the projected completion date for Tierra Linda?

The community is anticipated to be completed and operational by 2027.

Who is managing Tierra Linda Apartments?

Mission Rock Residential will serve as the professional property management company overseeing the community.

What income level does Tierra Linda target?

Tierra Linda is designed to be 100% affordable for families earning 60% of the Area Median Income (AMI).

Who supports the Tierra Linda project?

Key supportive partners include NewPoint, the New Mexico Mortgage Finance Authority, and Bernalillo County, which contribute various resources to the project.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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