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Committee extends sunset for depositing certain land-sale revenues into Affordable Housing Trust Fund to 2030

3140582 · April 28, 2025
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Summary

The City of Santa Fe Finance Committee on April 28 approved a bill amending Section 11-14-5 of the Economic Development Fund Ordinance to change the sunset date for depositing certain land-sale revenues into the Affordable Housing Trust Fund from Dec. 31, 2025, to Dec. 31, 2030.

The City of Santa Fe Finance Committee on April 28 approved a bill amending Section 11-14-5 of the Economic Development Fund Ordinance to change the sunset date for depositing certain land-sale revenues in the Affordable Housing Trust Fund from Dec. 31, 2025, to Dec. 31, 2030.

Johanna Nelson, director of the Office of Economic Development and interim director of the Office of Affordable Housing, told the committee the amendment is intended to keep revenue flowing into the Affordable Housing Trust Fund as the city prepares to sell several properties, including…

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