Quality of Life Committee Regular Meeting Agenda May 2026
Homewise to Receive CDBG-Funded Mortgage Assistance
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Description
Santa Fe plans to direct approximately $200,000 in 2026 CDBG program income, along with additional CDBG housing funds, to Homewise to provide mortgage principal reduction loans for around 10 low- to moderate-income homebuyers. The Mortgage Reduction Assistance program aims to make homeownership more affordable for households at or below 80% of area median income.
Contract Details
Contract Amount
$200,000 (estimated CDBG program income for mortgage reduction assistance; part of $350,000 CDBG housing allocation)
Vendor
HOMEWISE
Agency
Santa Fe MPO, NM
Contract Type
FINANCIAL_SERVICES
Document Date
May 6, 2026
Contract Term
Program Year 2026, estimated completion by 6/30/2027
Renewal Date
2027-06-30
Renewal Info
Planned PY 2026 CDBG and program income-funded mortgage assistance activity operating through June 30, 2027; renewal provisions are not detailed.
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