The Hobbs City Commission approved Resolution 7651, authorizing a development agreement and housing incentive with Habitat for Humanity to construct six single-family homes on a subdivision parcel adjacent to Mills Elementary.

Presentation and terms: Assistant City Manager Todd Randall described the agreement as a standard development agreement under the city’s housing incentives program for approximately six homes located off Fowler Street near Mills Elementary. Richard Sanchez, executive director of Habitat for Humanity, was present and did not offer additional changes. Randall said the city’s contribution under the agreement totals $65,000 to support the project; staff noted $550,000 in carryover budget authority available from prior appropriations.

Why it matters: The agreement is intended to increase homeownership opportunities through a recognized local nonprofit developer; staff said the agreement uses market-rate incentives and differs from prior Affordable Housing Act projects in its shorter affordability restriction period.

Vote: Commissioner Smith moved approval; Commissioner Calderon seconded. The commission voted unanimously to approve Resolution 7651.