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PacifiCap, based out of Portland, Ore., owns seven apartment complexes throughout Albuquerque. Tenants from Arioso at Northeast Heights, Sandpiper Apartments and Aztec Village Apartments, all east of Carlisle on Montgomery, are frequent callers says Joe Martinez, director of the Safe City Strike Force.
Michelle knew she was close to the edge, but she didn’t realize how close until her fiancé found himself out of work. He had been employed as an electrician on a construction site. When the project finished, he didn’t have another gig lined up. He searched, but two years ago during the height of recession phobia, no one was hiring. Suddenly Michelle’s waitressing income was the only thing supporting the two of them and her five girls, ages 4 months to 14 years old. A few months later, after falling behind on rent, they were evicted.
Economist says job losses have been hard on the state’s Hispanics
By Patrick Lohmann
In the summer of 2006, New Mexico economist Gerry Bradley and his colleagues were baffled by housing construction data. “Too many houses were being built. We’d never seen anything like it," he says. “It looked like something that wasn’t going to continue.”