Copyright © 2014 Albuquerque Journal
Albuquerque will join the likes of San Francisco, Seattle and two other cities in potentially qualifying for tens of millions of dollars from a national consortium of charitable groups and banks – money that could be put toward Downtown revitalization as part an effort to improve “economic mobility.”
Mayor Richard Berry told the Journal on Wednesday that his office will lead the effort, in partnership with the University of New Mexico and New Mexico Educators Federal Credit Union.
The money is available through “Living Cities,” a collaborative effort by 22 of the world’s largest charitable foundations and financial institutions. Communities across the country applied, but only five cities were selected. They will receive initial grants of $100,000 each to plan out ways to help low-income people and improve their communities. Besides Albuquerque, the other four are Seattle, San Francisco, San Antonio, Texas, and New Orleans.
Support your local Albuquerque Journal & Dan McKay SUBSCRIBE NOW cancel anytime