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Santa Fe County details use of affordable housing funds, asks Project Moxie to map next steps
Summary
County staff told commissioners it has committed developer assistance dollars to several projects but still has unallocated funds for new affordable- and workforce-housing programs and asked Project Moxie to complete a strategic investment plan to guide spending.
Santa Fe County leaders told the Board of County Commissioners on Oct. 11 that large, previously authorized infusions for affordable-housing programs remain only partially spent and that staff will use a consultant, Project Moxie, to produce a strategic investment plan before allocating the remainder.
Acting Community Development Director Leandro Cordova said the county last year provided roughly $4 million in developer assistance that helped five projects totaling more than 700 units move forward. He said some awardees have started construction while other program awards remain to be drawn down. “We have that balance to work with, and that’s what we’re going to use to move forward,” Cordova said.
The nut of the presentation was how to spend the remaining money. Cordova said county staff are…
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