The city and its partners support homeownership through rehabilitation and home repair, energy efficiency upgrades, and foreclosure prevention and legal assistance.

Home Improvement Loans. Rehabilitation and home repair activities are funded primarily through CDBG, CIP, the City of Santa Fe Affordable Housing Trust Fund, state and federal rehab funds, and some local funds.



Habitat for Humanity

 Foreclosure prevention and assistance. Foreclosure continues to be an issue for Santa Fe homeowners, especially those with low, and moderate incomes. Seventy-five percent of all cases go to default. In 2011, several major lenders (Chase, Citibank, Bank of America, and Wells Fargo, among others) agreed to a settlement agreement whereby they would fund loan modification/principal reduction for at-risk borrowers. However, local attorneys report that homeowners continue to be “dual-tracked” which means they communicate with their lenders about a loan modification, while the lender simultaneously instigates the foreclosure process.


The City supports foreclosure prevention and assistance services currently provided through the Northern NM Consumer Law Protection Center. Contact: 505-490-6415; Kelly@khuddlestonlaw.com

 If you have not missed any payments and have been told that you don’t have enough equity in your home to refinance to a lower rate, the HARP program may work for you.  For more information: Making Home Affordable Program. Make sure you seek advice from a HUD-approved lender or counseling agency.  They are listed on the HUD website. Both Homewise and the Housing Trust can provide assistance with determining eligibility for a HARP refinance.

Reverse Mortgage Counseling. For homeowners with a lot of equity in their homes but limited incomes, a Home Equity Conversion Mortgage (HECM) may be an option. Particularly for aging homeowners, a HECM allows the homeowner to stay in their homes by providing a monthly income. Make sure you seek advice from a HUD-approved lender or counseling agency.


The Housing Trust is a HECM-approved counseling agency and you can contact their counseling staff to learn more about whether you qualify.