CC Housing receives $750k to for senior affordable housing development

Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Rio Rancho, N.M., dignitaries joined CC Housing, a subsidiary of Catholic Charities last week for the groundbreaking ceremony for Felician Villa Apartments, a senior housing complex in Rio Rancho. FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to CC Housing to assist with construction.

CC Housing, a housing nonprofit organization based in Albuquerque, N.M., provides affordable housing options to low-income and special-needs families and individuals across New Mexico.

Completion of the Felician Villa Apartments development will include 132 newly constructed one- and two-bedroom units that will be used by seniors 55 and older of all beliefs and backgrounds. It will be located within 500 feet of Meadowlark Senior Center, which offers reduced-cost meals and educational seminars for health and wellness. The gross residential area for the apartments i