Tight housing market in metropolitan area creates demand for rental assistance programs

“On an annual basis, we typically get between 4,000 and 5,000 requests for maybe a few hundred vouchers that we have,” said Linda Bridge, executive director of the Albuquerque Housing Authority.

The Housing Authority currently serves approximately 3,200 households through the Housing Choice Voucher program, also known as Section 8. Vouchers funded by Housing and Urban Development in the United States have a limit on what can be paid to landlords and the increase in rent pushes up the bonds. short.

Bridge says that, depending on the area, a voucher for a two-bedroom unit covers around $1,000. To stay competitive, the authority may have to ask HUD to pay more.

“Currently we have about 140 households that have housing vouchers that are looking for a place to rent,” Bridge said.

The biggest problem is the lack of supplies, which hits the most financially vulnerable in the city the hardest.

“The City of Albuquerque a few years ago did a study that indicated that for very low and extremely low income populations, there was a shortage of 15,000 units in our city – and that was before our current increase in our housing market,” Bridge said.

Emergency rental assistance programs are available throughout the city. You can visit the Albuquerque Housing Authority website for more details on how to contact the owners they work with.