Regular Governing Body Meeting - Second Wednesday — Wed, Jun 10, 2026 · 18.a CONSIDERATION OF BILL NO. 2026-11. ADOPTION OF ORDINANCE NO. 2026-____. (Mayor Michael Garcia, Councilor Alma Castro, and Councilor Pilar Faulkner)A Bill Relating to the Santa Fe Homes Program and Requirements for Rental Units; Amending Section 26-1.22 to Make Certain Technical Changes, to Clarify the Calculation of Fees Paid in Lieu of Providing On-Site Affordable Units, to Amend the Fee-in-Lieu Calculation to Use Thirty Percent of the Area Median Income Instead of Sixty-Five Percent when Determining Base Fee Amount. (Faviola Chavez, Affordable Housing Director; fachavez@santafenm.gov) Committee Review: Governing Body (Introduction): 05/27/2026Governing Body (Public Comment): 06/10/2026Quality of Life Committee 06/17/2026Finance Committee: 06/22/2026Governing Body (Public Hearing): 07/08/2026
Date: May 1, 2026 To: Governing Body, Quality of Life Committee, Finance Committee From: Faviola Chavez, Affordable Housing Director Via: Heather Lamboy, Land Use Director RE: Updating Fee in Lieu and Affordability Requirements for Santa Fe Homes Program EXECUTIVE SUMMARY: If adopted, the proposed bill would amend SFCC 1987, Section 26-1.22, which establishes the requirements for developing rental units under the Santa Fe Homes Program (“SFHP”). The bill makes non-substantive technical updates and clarifications to the calculation of fees paid in lieu of providing on-site affordable units. It also makes a substantive change to the fee-in-lieu calculation by proposing the use of thirty percent (30%) instead of sixty-five percent (65%) when determining the calculation’s base fee amount. ATTACHMENTS: Memo Attachment – Example Calculations for SFHP Bill Fiscal Impact ReportFC FC