|Agency:||City of Santa Fe|
|Type of Government:||State & Local|
|Posted Date:||Jan 5, 2018|
|Due Date:||Feb 2, 2018|
|Bid Source:||Please Login to View Page|
|Contact information:||Please Login to View Page|
|Bid Documents:||Please Login to View Page|
GENERAL INFORMATION on AHTF
The primary purpose of the fund is to increase and preserve the supply of affordable housing for low to moderate income residents and local employees. To maximize the limited resources available to support local affordable housing efforts, funds repaid from revenue generating activities (repayment of liens, etc.), including principal and interest, will be reallocated to the AHTF and used to support future affordable housing programs and projects in the City of Santa Fe or properties which will be annexed into the City within 6 months of application.
The AHTF is allocated in conjunction with the City¡¯s Community Development Block Grant (CDBG) funding cycle. Funds are disbursed in alignment with the City¡¯s fiscal year: July 1 2018 to June 30, 2019. This allows applicants to leverage funding sources and coordinate programming as well as helping the City to maximize the efficiency in decision making.
A total allocation up to four hundred thousand dollars ($400,000) is available for Fiscal Year 2018-2019 Of this amount, at least 50% ($200,000) must be allocated to projects that support homeownership per the AHTF Ordinance and Administrative procedures. The remainder will be allocated to projects that address the priorities on the following pages.
Funding is available to developers and sponsors of affordable housing, including partnerships, corporations, limited liability companies, joint ventures, public/private partnerships and non-profit organizations that are organized under state, local, or tribal laws and can provide proof of such organization. Eligible applicant must have proven financial capacity and organizational experience to carry out the activities described in the proposal submitted to receive an AHTF allocation.
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