Affordable Housing Trust Fund (AHTF)
See Bid/RFP documents for additional submission details.
The primary purpose of the Affordable Housing Trust Fund, as codified in SFCC 26-3, is to increase and preserve the supply of affordable housing in Santa Fe available to low- and moderate-income residents. The New Mexico Affordable Housing Act determines eligible uses for the fund; eligibility criteria for applicants; and application requirements in order for the disbursement of these funds to be compliant with the State of NM's Anti-Donation Clause. The New Mexico Mortgage Finance Authority (MFA) is responsible for ensuring compliance with the Act through the Affordable Housing Act Rules (the "Rules").
A total allocation of funds from the AHTF up to four hundred thousand dollars ($400,000) is available for Fiscal Year 2020-2021. AHTF funds are allocated in conjunction with the City of Santa Fe's Community Development Block Grant (CDBG) funding cycle. This allows applicants to leverage funding sources and coordinate programming as well as helping the City to maximize the efficiency in decision making. To recycle 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 projects in the City of Santa Fe.