City of Santa Fe: Homeownership Support Program
The mission of the Office of Affordable Housing is to create and support housing opportunities that maintain and enhance economic, social and cultural diversity in the City of Santa Fe. To that end, the Office of Affordable Housing works in partnership with city staff, non-profit groups and private sector developers to address community housing needs.
The City’s success in carrying out its housing initiatives is due in large part to its philosophy of building the capacity of its non-profit partners. Through capacity building, technical assistance, and developing and implementing regulatory mechanisms, the City of Santa Fe has built a network of strong cooperation and assistance among various non-profit agencies. The City will carry out its initiatives by working in close collaboration with qualified non-profit organizations, public entities, and private corporations.
The Office of Affordable Housing uses General Fund money to give administrative support to primary non-profit housing partners. As required in the Ordinance and Administrative Guidelines for the Santa Fe Homes Program, the City is to establish a process for selecting an agent(s) to provide homeownership training, financial counseling, income verification and services related to the administration of the Santa Fe Homes Program (SFHP) and Housing Opportunity Program (HOP). These organizations must demonstrate ongoing capacity to use city funds to leverage additional funds and expand the efficacy and scope of their operations. Services provided include down-payment assistance; soft second mortgages; below rate first mortgages; principle loan reduction programs; emergency loan programs; construction, rehabilitation, planning and development of affordable housing projects; management of leased land; management of Housing Opportunity and Santa Fe Homes liens; income verification services, assistance to city staff with annual reporting and updates to the Consolidated Plan; and assistance with grant and loan packaging.
Amount: Up to $300,000 is available. Respondents may select to be reimbursed based on a per service deliverable, a flat rate for all services, as long as a per unit of service cost is identified and/or a base cost to provide services with a per unit cost of services to be provided that is above the base, but does not exceed the total compensation available to pay for these services.
Eligibility: Not defined. Preference is given to local businesses.
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