Location: Las Vegas, NM
In 2014, Ventana Fund awarded a $400,000 Construction Loan to the J.L. Gray Company for the 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. It has 16 one-bedroom units, 24 two-bedroom units, and four three-bedroom units.