EL PASO, Texas (KTSM) — Las Cruces City Councilors approved the precommitment of funds for the Paseos Verde housing development near the corner of Colorado Avenue and South Campo Street on Monday, Dec. 16, the City of Las Cruces said in a press release. Paseos Verdes is a low-income housing tax credit multi-family affordable housing development at 905 S. Campo Street, the City said. The City says the Paseos Verdes property will span 7.22 acres and will eventually include 218 "energy-efficient housing units for veterans, seniors, and the local workforce. The first phase of the development, to include 80 units on the west end of the property, is anticipated to begin construction in January 2026," the City said. The total development cost is estimated at $22.17 million, with funding from the sale of low-income housing tax credits, national housing trust funds, and local contributions including $2.2 million in community project funding and $1.35 million from the City of Las Cruces. The City says Monday's approval of the resolution means that it's committed to funding $1.35 million for the project including impact fee viewers. Loan terms and funding sources will be determined at a later date. "In other business, Councilors accepted a Byrne Memorial Grant Award, from the New Mexico Department of Public Safety, for the Las Cruces Police Department to purchase and install six dual purpose modular surveillance systems in the amount of $92,100," the City said. "The second grant accepted by Councilors was for the Mesilla Valley Metropolitan Planning Organizations, in the amount of $104,376, to support the Mesilla Valley Metropolitan Planning Organization with salaries, fringe benefits, supplies, travel, professional services and minor equipment. This grant was awarded by the New Mexico Department of Transportation," the City said. Councilors will next meet in a regular meeting on Jan. 6, 2025, at City Council Chambers, 700 N. Main St.