On September 25th, 2024, Sol Housing broke ground on Farolito Senior Community, an 82-unit mixed-income apartment community in the East Gateway neighborhood of Albuquerque. Located across from Sol Housing’s Luminaria Senior Community on state lands, Farolito will provide another much-needed affordable option for Albuquerque’s seniors.



Sol Housing has established an unprecedented partnership with the New Mexico Commissioner of Public Lands Stephanie Garcia Richard and the State Land Office, first with Luminaria and now with Farolito, to utilize State Land for housing development while contributing to the economic development of the East Gateway neighborhood. Land managed by the State Land Office is held in a trust with 94% of earnings from lease payments going to support the New Mexico public education system, public universities, and hospitals. Thus, an affordable housing development on State Land creates a beneficial cycle of investment for our public institutions while also helping the City of Albuquerque’s housing needs and goals. The Farolito lease in particular will generate $1.9 million for New Mexico’s public schools.