County seeks changes to affordable‑housing rules and proposes larger down‑payment assistance program
Staff presented proposed amendments to align Santa Fe County rules with MFA updates and proposed increasing the down‑payment assistance cap to $40,000, raising income eligibility and expanding allowable uses. Commissioners asked about outreach, tribal consultation and targeting one‑bedroom supply; staff will return a draft ordinance and accompanying DPA regulations for future action.
The full story
County staff briefed commissioners on proposed amendments to Ordinance 2023‑05 and a separate resolution to modernize the county's down‑payment assistance (DPA) program. Key staff proposals: increase income eligibility from 120% to up to 150% of area median income (AMI), expand allowable loan uses beyond down payment and closing costs, include tribal jurisdictions and tribal housing agencies in eligibility, modify multifamily set‑aside calculations to a proportional approach and raise the maximum DPA from $20,000 to a flat $40,000 for qualifying buyers.
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