Santa Fe Community Development outlines budget plans for affordable housing initiatives

The Santa Fe County Board of County Commissioners held a special meeting on May 7, 2025, to discuss the Fiscal Year 2026 budget, focusing on various initiatives and funding allocations. The meeting highlighted the county's commitment to affordable housing, economic development, and sustainability, while also addressing changes in departmental responsibilities.

County Manager Schafer opened the session by emphasizing the need for timely funding to ensure projects commence in July. He noted a shift in the role of the chief deputy treasurer towards operational duties, with investment activities being managed by an independent financial adviser.

Acting Community Development Department Director Leandro Cordova presented key initiatives for FY2026, including updates to the Sustainable Land Development Code, enhancements to down payment assistance programs, and the development of a workforce housing program. Cordova expressed gratitude for the previous year's funding, which enabled significant progress in affordable housing projects, including a developer assistance program that supported over 700 housing units.

The budget for services was discussed, revealing a significant allocation of $10.7 million, with $3 million already spent. Cordova explained that the remaining funds would be utilized for various programs, including permanent supportive housing for the homeless, which is part of a strategic investment plan being developed with Project Moxie.

Commissioners raised questions about the flexibility of budget allocations, particularly regarding uncommitted funds. Cordova assured them that a detailed investment strategy would be presented, exploring opportunities to reallocate funds towards long-term housing solutions for the homeless.

Overall, the meeting underscored the county's proactive approach to addressing housing needs and economic development while navigating budget constraints. The commissioners expressed a strong interest in ensuring that available resources are effectively utilized to support community development initiatives. Further discussions and proposals are expected as the fiscal year progresses.