Sterling Downtown is 107 units of affordable multifamily workforce housing located at the intersection of Silver Avenue and Eighth Street in Downtown Albuquerque. Sterling Downtown was financed with Private Activity Volume Cap Tax Exempt Bonds issued by Bernalillo County, Low Income Housing Tax Credits and City of Albuquerque Workforce Housing Trust Funds. This property is one-hundred percent restricted for affordable tenants. Five percent of the total units will be reserved for households with special needs and five percent of the total units in the project will be rent restricted to tenants at or below thirty percent of area median income.
Sterling Downtown is designed to achieve LEED certification incorporating water saving measures, locally sourced building materials, low VOC sealants, solar hot water heaters, and a 48kW solar carport. Sterling is the first building in New Mexico to be registered with the WELL Building Institute. WELL combines best practices in design and construction with evidence-based medical and scientific research to harness buildings as vehicles that can support the health and well-being of residents. Resident amenities include bike storage and repair space, indoor dog wash area, exercise room, bulk storage and a 4th-floor internet café with a rooftop deck. Each apartment home includes a washer and dryer, built-in desk and stainless-steel appliances. The zoo and downtown growers market are within walking distance of Sterling.