El Camino Crossing

New Markets Tax Credit Coalition

Santa Fe,
NM
(2017)

El Camino Crossing

Community, Housing

New Mexico’s Homewise Inc. received funding to invest in one of Santa Fe's distressed areas.

Investment

NMTC Amount: $8,000,000
Total Project Cost: $9,379,380

IMPACT

26 FTE jobs
115 construction jobs

CDEs

Housing Partnership Network, New Mexico Finance Authority

Investor

US Bank

Voices from the Community

We use NMTC to create opportunities for affordable homeownership. Our homeowners help reinvigorate the distressed neighborhoods

-Emilee Powell, Manager of Impact Measurement and Financial Stability, Homewise, Santa Fe, New Mexico

Project Description

New Mexico’s Homewise Inc. received funding to invest in one of Santa Fe’s distressed areas.

The New Markets Tax Credit allocated $5 million to rehabilitated the Siler Road and Agua Fria area in Santa Fe. The area was determined a “severely distressed census tract,” and with the funding and the investment, there is now more 20 energy-efficient homes in the area as a result of it.