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News & Announcements

February 19, 2021
Available: Affordable Housing Funds

For the creation, preservation, and rehabilitation of affordable housing

The City of Santa Fe’s Office of Affordable Housing announces the availability of funds to support affordable housing opportunities for low- and moderate-income Santa Fe residents. Two sources of funding are available: Community Development Block Grant (CDBG) funds and Affordable Housing Trust Fund (AHTF) funds.

Every year, the City’s Community Development Commission (CDC), chaired by Councilwoman Renee Villarreal, reviews applications, hears applicant presentations and makes funding recommendations to the Governing Body.

“This funding is truly transformative in that it fills gaps for which other sources of housing funds either aren’t available or aren’t flexible enough to use in an effective manner,” says Councilwoman Villarreal. “Every year, I am inspired by the important work our community partners are doing to meet the needs of Santa Feans and proud that the City of Santa Fe supports this work.”

The global health pandemic has made housing needs even more acute. For that reason, the CDC has identified preventing housing instability and ending homelessness as funding prioriities. The RFPs can be found on the City of Santa Fe website: santafenm.gov/bids_rfps. Submittals are due by 3 p.m. on February 24, 2021.

CDBG funds are entitled to the City by the Department of Housing and Urban Development (HUD) on an annual basis. The funding amount for FY 2021-22 is estimated to be $600,000, of which 80% is made available for housing and community development activities. All uses of funds must be compliant with HUD’s regulation (CDBG Laws and Regulations - HUD Exchange).

AHTF funds are set aside from local sources of revenue, of which an estimated $400,000 is available for FY 2021-22. Eligible uses are restricted to the costs of acquisition, development, construction, renovation or conversion, financing, operation or owning affordable housing or infrastructure. All uses of funds must be in compliance with the NM Affordable Housing Act and the City’s code: https://library.municode.com/nm/santa_fe/codes/code_of_ordinances?nodeId=CHXXVIHO_26-3AFHOTRFU.

Contact: Alexandra Ladd, Director, Office of Affordable Housing, [bot protected email address]

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