A new affordable housing complex broke ground in Rio Rancho last week. CC Housing Inc., an affiliate of Catholic Charities, is building the Felician Villa Senior Apartments, located at 1301 Stephanie Rd SE. Felician Villas is one of four projects currently underway, with another four affordable housing centers previously opened across New Mexico.
The Felician Sisters of Rio Rancho donated eighteen acres of land, which was partitioned. The convent was allocated to a local health organization, and the remaining land was developed into Felician Villa apartments. CC Housing, Inc. in partnership with Chelsea Investment Corp., and a coalition of private and government partners, has 132 apartments designed for the needs of seniors aged 55+ years old.
“We are deeply moved by the outpouring of support for Felician Villa. This project is a shining example of what can be achieved when we come together for the greater good. Felician Villa is more than just bricks and mortar; it is about creating a loving community where our seniors can thrive,” said Adam Saber, EVP, and COO of CC Housing Inc., “This project will offer another option in housing for local seniors.”
The funding tapestry for Felician Villa weaves together contributions from the New Mexico Mortgage Finance Authority (NMMFA), Wells Fargo, The Richman Equity Group, American Express Bank, NA, Charles Schwab, Ally, Federal Home Bank of Dallas, Albuquerque Housing Authority, Rocky Mountain Community Reinvestment Corp., and other esteemed partners.
Felician Villa I and II will open in two phases and offer a range of amenities and services, from health and nutrition education to social activities, fostering an environment where residents can lead enriching lives. An on-site service coordinator will ensure that residents have access to resources and support.
Veterans will be given preference in this community-minded initiative, and residents of all beliefs and backgrounds can apply through Monarch Property Group, the designated property management company.
To learn more about these properties, including each center’s property management company, visit us online at ccasfnm.org/affordable-housing or call 505-270-4670.