Pueblo of Laguna
The Pueblo of Laguna (Laguna) is a federally recognized tribe located in New Mexico 50 miles west of Albuquerque. Residents live in six rural villages across 500,000 acres: Laguna, Mesita, Paguate, Seama, Paraje, and Encinal.
Clearinghouse CDFI provided $14 million of Federal NMTCs for Laguna to develop new wastewater related infrastructure, including sewage, filtration, and piping. Wells Fargo Bank was the project investor and Laguna Economic Advancement was the sponsor. This is the final phase of a $70 million wastewater development originally started in 2011.
The new infrastructure will greatly improve health and safety conditions throughout all six Laguna villages, which have been greatly impacted by the COVID-19 pandemic. This project will also create 40 construction jobs paying above living wage and 3 permanent, full-time jobs paying above living wage with full health and pension benefits.
Download the PDF: Just Funded – Pueblo of Laguna
“The Pueblo [of Laguna] has used various funding sources, such as Indian Health Services, Environmental Protection Agency, State of New Mexico, and financing through the USDA Rural Development Office and New Market Tax Credit Funding as well as its own resources to install approximately $48M of water and wastewater for its six villages within a 32 square mile area to date. This current NMTC transaction will complete the final scope of work that identified these much-needed repairs, upgrades and improvements. This effort was necessary to ensure the Laguna people would have water and wastewater systems that meet current codes and safety requirements, provide fire flow within all villages and result in reliable and safe water systems and appropriate wastewater systems.”
- John E. Antonio, Sr., Governor - Pueblo of Laguna
Financing Provided:
$14 Million New Markets Tax Credits
Location:
Laguna, NM
Impact:
--Greatly improved health and safety conditions across all six reservation villages
--40+ construction jobs & 3 permanent, full-time jobs; all paying above living wage
Purpose:
Development of water related infrastructure, including sewage, filtration, & piping on Pueblo of Laguna reservation land
Year Funded:
2020
