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Santa Fe staff outline how fee-in-lieu option funnels developer cash into affordable-housing trust fund
Summary
City affordable-housing staff explained the Santa Fe Homes fee-in-lieu program, describing set-asides for new development, how fees are calculated from HUD fair-market rents and how roughly $900,000 from the program flowed into the Affordable Housing Trust Fund in 2025.
Fabiola Chavez, director of Affordable Housing for the city of Santa Fe, on Feb. 5 briefed the Planning Commission on the Santa Fe Homes fee-in-lieu program and how the fees are used to seed the city's Affordable Housing Trust Fund.
Chavez said the program requires homeownership projects to set aside 20% of units and multifamily rental projects to set aside 15% for affordable housing; projects of 10 units or fewer can opt to pay a fee in lieu rather than deliver on-site affordable units. "Last year in 2025, we received approximately 900,000 from the fee in lieu program that went back into the Affordable Housing Trust Fund," Chavez said.
The presentation explained the fee calculation. Staff use HUD's annual fair-market…
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