Mul­ti­fam­ily hous­ing is event fo­cus

Home - Santa Fe Real Estate Guide - - NEWSFROMSFAR - PACO ARGUELLO

The Santa Fe As­so­ci­a­tion of Real­tors hosted a sold-out crowd of re­gional hous­ing stake­hold­ers at its first Multi-Fam­ily Hous­ing Con­fer­ence held onThurs­day, Sept. 28, at the Santa Fe Com­mu­nity Con­ven­tion Cen­ter. The event was de­voted to rais­ing awareness of multi-fam­ily hous­ing by pro­vid­ing a fo­rum for key stake­hold­ers to ex­plore op­por­tu­ni­ties to pro­mote, en­cour­age and grow work­force hous­ing in our re­gion.

Todd Clarke kicked off the con­fer­ence with a rental up­date and over­view of the de­mo­graph­ics that will drive multi-fam­ily hous­ing in our re­gion over the next decade. He shared that mil­len­ni­als and re­tirees will look for smaller rentals with tar­geted, unique fea­tures to at­tract these grow­ing mar­kets but they don’t nec­es­sar­ily want to live to­gether in the same com­plexes.

Mr. Clarke was fol­lowed by a panel of re­gional multi-fam­ily de­vel­op­ers whose projects were re­cently built-out, shovel-ready, or in the con­struc­tion phase shar­ing their in­no­va­tions and de­sire to build more multi-fam­ily in the re­gion. Many ex­pressed their keen sup­port for the City of Santa Fe’s re­cently adopted Mid­town Lo­cal In­no­va­tion Cor­ri­dor (LINC) over­lay dis­trict that has the po­ten­tial to jump­start re­de­vel­op­ment along the St. Michael’s Drive cor­ri­dor. Matt O’Reilly, City of Santa Fe as­set-de­vel­op­ment di­rec­tor, of­fered a brief over­view of the over­lay-dis­trict in­cen­tives for both prop­erty own­ers and de­vel­op­ers.

Gov­ern­ment help was high­lighted by ex­perts rep­re­sent­ing the New Mex­ico Mort­gage Fi­nance Au­thor­ity (NMMFA) as well as Al­bu­querque and Santa Fe hous­ing au­thor­i­ties. Gov­ern­ment agen­cies pro­vided up­dates on their lo­cal hous­ing projects and goals. NMMFA rep­re­sen­ta­tives fo­cused on shar­ing in­for­ma­tion on Low In­come Hous­ing Tax Cred­its, which pro­vide the deep­est sub­sidy avail­able for af­ford­able hous­ing de­vel­op­ments. The au­thor­ity awards these fed­eral tax cred­its through a com­pet­i­tive pro­cess ev­ery year. Alexan­dra Ladd, the city’s af­ford­able-hous­ing di­rec­tor, wrapped up the morn­ing ses­sion with an over­view of the city’s af­ford­able hous­ing pro­grams.

Af­ter lunch, Manny Gon­za­lez, who serves as the man­ag­ing prin­ci­pal for KTGY’s Los An­ge­les of­fice, of­fered the key­note ad­dress. He pro­vided a re­gional per­spec­tive on in­no­va­tive multi-fam­ily hous­ing projects across the South­west. Mr. Gon­za­lez is an award-win­ning designer, land plan­ner, and pro­ducer of res­i­den­tial and mixed-use de­vel­op­ments across the United States. He serves on na­tional ar­chi­tec­ture-award pan­els and shared a bevy of projects that are earn­ing ac­co­lades that in­cluded projects us­ing ship­ping con­tain­ers to pro­vide low­cost hous­ing to vet­er­ans to art-in­spired multi-fam­ily de­vel­op­ments.

At­ten­dees in­cluded hous­ing in­dus­try or­ga­ni­za­tions, pol­icy mak­ers, real-es­tate pro­fes­sion­als, state and lo­cal gov­ern­ment officials, state and lo­cal cham­ber of com­merce rep­re­sen­ta­tives, builders and de­vel­op­ers, and hous­ing ad­vo­cates from north­ern and cen­tral New Mex­ico.

Many thanks to our con­fer­ence spon- sors who pro­vided valu­able un­der­writ­ing for the con­fer­ence: City and County of Santa Fe, New Mex­ico Mort­gage Fi­nance Au­thor­ity, PNM Busi­ness Energy Ef­fi­ciency Pro­grams and the Greater Al­bu­querque As­so­ci­a­tion of Real­tors.

Copies of the pre­sen­ters’ power points can be found on Santa Fe As­so­ci­a­tion of Real­tors web­site at www.sfar.com/bring­work­ers-home

Paco Arguello is chief ex­ec­u­tive of the Santa Fe As­so­ci­a­tion of Real­tors. Con­tact him at 982-8385 or paco@sfar.com.

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