HOUSING Updates

Bids/RFPs

Affordable Housing Trust Fund

Bid Number: 19/24/P
Status: Open
Close Date: 2/4/2019 2:00 PM
Project Manager:
Jacqueline Beam
(505) 955-6574
Proposal Submission Information:
See Bid/RFP documents for additional submission details.
City of Santa Fe Purchasing Office 2651 Siringo Road Building H Santa Fe, NM 87505

The primary purpose of the fund is to increase and preserve the supply of affordable

housing for low to moderate income residents and local employees. To maximize the

limited resources available to support local affordable housing efforts, funds repaid from

revenue generating activities (repayment of liens, etc.), including principal and interest,

will be reallocated to the AHTF and used to support future affordable housing programs

and projects in the City of Santa Fe or properties which will be annexed into the City

within 6 months of application.

The AHTF is allocated in conjunction with the City’s Community Development Block Grant

(CDBG) funding cycle. Funds are disbursed in alignment with the City’s fiscal year: July 1

2019 to June 30, 2020. This allows applicants to leverage funding sources and coordinate

programming as well as helping the City to maximize the efficiency in decision making.

A total allocation up to four hundred thousand dollars ($475,000) is available for Fiscal

Year 2019-2020. Of this amount, at least 50% ($237,500) must be allocated to projects

that support homeownership per the AHTF Ordinance and Administrative procedures. The

remainder will be allocated to projects that address the priorities described on the following

pages. All uses of funds must be consistent with the NM Affordable Housing Act.

 

Related Documents:
19/24/P [7.4 MB]

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