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Let's Talk [Un]Affordable Housing


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Let’s Talk New Mexico 5/6 8am: Home prices are rising everywhere, but especially in the West. Mortgage interest rates are low, people are free to work remotely, and relocation to places like New Mexico makes sense for those wanting to escape high costs of living in other areas. But lackluster home and apartment construction in our state over the last decade means that New Mexican cities have little inventory for renters or buyers, and would-be sellers often don’t list their homes because they can’t find a replacement. These pressures are filtering down to the rental market, encouraging rents to go up. ....

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All New Housing Helps Affordability In Santa Fe


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Santa Fe developers have plans to build almost 400 apartments and townhomes on about 20 acres of vacant land next to the Zia Road Railrunner station. To garner city approval some of the housing must rent below market rate. But there is an option for builders to pay into the city’s Affordable Housing Trust Fund instead.
On its face a requirement for developers to include some affordable housing seems like a win for a city where rent and home prices have skyrocketed. An option to opt-out by paying a fee then seems dubious – but that’s what most developers in Santa Fe are doing. Affordable housing advocates say not to jump to conclusions. ....

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