By New Mexico Business Weekly

The Silver Garden residential development in downtown Albuquerque is breaking ground on phase two next week.

Phase I of the development was the first affordable housing project in the state to achieve LEED (Leadership in Energy and Environmental Design) platinum certification, according to developers Romero Rose. Itâ¿¿s also the first affordable housing development in the nation to receive funding for carbon offsets, officials involved with the project said.

Phase I consisted of 66 rental units, all of which are occupied. Phase II will build 55 units, consisting of studio and one and two bedroom apartments. The Business Weekly profiled the grand opening of the development last year.

Tom Carroll of Carroll Strategies said the phase II units will be mixed income housing. He said 10 percent will be rented at market rate and the remaining 90 percent will be leased on an income-based scale.

⿿What⿿s really amazing about this is that the developers have figured out how to build the most environmentally sound building possible, make it an affordable housing development and make it profitable commercially,⿝ he said.

Those interested in renting a unit and/or learning more about income-eligibility information will be able to indicate their interest on a sign-up sheet provided at the event, which also includes a news conference.

Scheduled to attend the news conference are Albuquerque Mayor Richard Berry and other government officials, Romero Rose and Supportive Housing Coalition of New Mexico representatives, as well as students from Amy Biehl High School.

Organizers are encouraging those interested in attending to RSVP at ddorman@carrollstrategies.net.

Copyright 2011 American City Business Journals

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