Location: Las Vegas, NM
In 2014, Ventana Fund awarded a $400,000 construction loan to the J.L. Gray Company for rehabilitation of Kristin Park in Las Vegas, NM. The 44-unit project serves households earning 50-60 percent of area median income. Originally built in 1990 through the USDA Rural Development 515 loan program, the project will provide $67,000 per unit in improvements as well as site improvements.