The complex is being built in the 800 block of North Iron Street by The Parkside Manor Limited Partnership, which consists of the local housing corporation and J.L. Gray and Associates from Las Cruces.
Funding for construction of the 24-unit complex was made possible through a $1,000,000 loan by USDA Rural Development’s
Multi-Family Housing Program and tax credit proceeds in the amount of nearly $4,430,000 through the New Mexico Mortgage Finance Authority.
Also included in the construction will be a manager’s unit, a common area for use by tenants, and two centrally located
playgrounds. USDA Rural Development State Director Terry Brunner is expected to attend the ceremony, set for 3:30 p.m. Tuesday at the apartment complex location, 878 North Iron Street.