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Santa Fe County approves affordable‑housing agreement for Turquoise Trail Commons, 312 units at 60% AMI
Summary
County commissioners approved an affordable housing agreement for Turquoise Trail Commons (Dominion Development), a proposed mixed‑use subdivision including a 312‑unit income‑restricted apartment complex; all units will be restricted at or below 60% of area median income at initial occupancy.
The Santa Fe County Board of County Commissioners on June 24 approved an affordable housing agreement for the Turquoise Trail Commons (Dominion Development), a proposed mixed‑use subdivision on approximately 27 acres at 4608 New Mexico 14.
Planning staff said the developer, Exit 278 LLC, opted to deliver a 312‑unit apartment complex in lieu of paying a residual fee. The county’s summary states all units in the apartment complex will be income‑restricted at or below 60% of area median income at the time of initial occupancy and that rents will not exceed 30% of applicable income limits consistent with New Mexico Mortgage Finance Authority qualified allocation plan standards.
Growth management staff told the board that the subdivision’s other parcel will be reserved for commercial uses and that final project details will be brought through administrative approvals tied to the affordable housing agreement. Denise Benavides (growth management staff) said the developer’s approach satisfied the county’s Sustainable Land Development Code requirements and recommended board approval.
Commissioners moved to approve the affordable housing agreement and delegated the necessary execution; the motion carried by voice vote. Commissioner Hank Hughes moved for approval and Commissioner Justin Green seconded.
The developers will be required to maintain income restrictions and comply with the county’s affordable‑housing terms; staff said the restriction is intended to preserve the units’ affordability at initial occupancy under NM Mortgage Finance Authority guidance.
County staff said additional implementation details — such as unit mix and final construction schedule — will be determined as the developer advances engineering and permitting work and that the board will see final site and building approvals as required by county code.
