Affordable Housing Program
Mission Statement
The mission of the County’s Affordable Housing Program is to provide increased affordable housing opportunities to workforce families throughout the county. The Affordable Housing Program includes down payment assistance, roof repair and replacement, and foreclosure prevention. Down payment assistance for home buyers is available, up to $20,000 is for households with incomes at or under 65% of AMI; up to $15,000 for households with AMI of 65%-80%; and up to $10,000 for households with 80%-100% of AMI.
Affordable Housing Plan
(Resolution No. 2023-083)
Affordable Housing Assistance Grant and Loan Ordinance
(Ordinance No. 2023-05
Affordable Housing Programs
Down Payment Assistance Program (Overview)
Down payment assistance in the form of zero percent, non-amortizing deferred payment loans are available from the County. Assistance up to $20,000 is available for households with incomes at or under 65% of AMI; up to $15,000 is available for households with AMI of 65%-80%; and up to $10,000 is available for households with 80%-100% of AMI. Applicants must be a first-time homebuyer, must have received homebuyer education, must have received mortgage loan approval pending receipt of the County assistance and must have prepared a realistic household budget.
Down Payment Assistance Application (English)
Descargar la Aplicación (Español)
Foreclosure Prevention Program (Overview)
To prevent foreclosure of a home purchased under the Affordable Housing Program and for which the County holds an Affordability Mortgage and Lien, the County has five tools which it uses to prevent foreclosure: 1) Assist the homeowner in seeking a refinance of an existing loan from the first mortgage lender; 2) Assist homeowner in securing a loan modification from the first mortgage lender; 3) Grant emergency short-term mortgage assistance per program requirements in cases of job loss or other severe economic hardships; 4) Arrange a voluntary sale to another income-qualified buyer meeting program requirements; 5) Purchase the home.
Contact Us
Deputy Community Development Director
Denise Benavidez
(505) 986-6264
debenavidez@santafecountynm.gov