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Council approves annual land disposition to nonprofit housing partners to build affordable homes
Summary
An ordinance was approved to allow annual disposition of limited parcels to Mesilla Valley Habitat for Humanity and Tierra Del Sol Housing Corporation for construction of income-restricted, owner-occupied homes (10 lots to Tierra del Sol and 5 to Habitat each year), with liens to maintain affordability.
Council approved an ordinance to authorize the annual disposition of parcels to nonprofit housing partners to support construction of single-family, owner-occupied affordable homes. Jan Lauterbach of Housing and Neighborhood Services said the action is permitted under the State of New Mexico's Affordable Housing Act and the city's affordable housing ordinance and that liens would be filed to ensure long-term affordability.
The ordinance allows an administrative modification to annual totals if agency capacity changes. Lauterbach explained that the city previously approved purchase of a 52-lot subdivision in Metro Arcadia Phase 4, and the disposition supports several city plans to expand affordable homeownership. Council voted to approve the ordinance.
