Santa Fe Homes Program
PROPOSED AMENDMENTS TO SFHP RENTAL REQUIREMENT
Materials from August 8, 2019 Meeting:
Santa fe homes program
Contact: Alexandra Ladd, Director, [bot protected email address]; (505) 955-6346.
Through the Santa Fe Homes Program (SFHP), the City of Santa Fe requires that all new housing developments provide a percentage of the homes as affordable. Initially a 30% program, City Council passed changes to the Ordinance in 2011 to require 20% of all new developments be priced affordably for purchasers earning 80% or less of the Area Median Income. These changes are in effect from June 21, 2011 through June 20, 2014. The percentage of affordable rentals (15%) remains the same. Another reduction in the requirement allows developers of ten units or less to pay a fee in lieu of providing affordable units.
Developers seeking development approval from the City of Santa Fe’s Land Use Department must schedule a pre-application meeting with Alexandra Ladd to develop an affordable housing proposal. This proposal will outline the obligations of the developer in terms of providing affordable housing and is signed by the applicant and by City staff. The proposal is not legally binding but is used as a communication and clarification tool and is forwarded to land use staff. At the time the applicant is submitting final development documents, the proposal becomes an affordable housing agreement which is approved and signed by the City Attorney and City Manager and executed by the City Clerk. When the final development plans are recorded with the County Clerk, the affordable housing agreement is also recorded and any applicable fees are due to the City.
See the SFHP Information Sheet below for more information. In 2010, the Governing Body also approved changes to the Santa Fe Homes Program Ordinance and Administrative Procedures. The updated documents are posted below