City Hearing Advances Sendero Forward

Funding Proposal Submitted

Senate Bill 151 Passes

Sol Housing provided letters of support to legislative committees, as we feel relief from construction material & labor gross receipts tax will make a significant difference in affordable housing projects being able to close finances. . SB 151 reduces the amount of gap funding we need, therefore making the development more likely to close financing and get built. On a project like Sendero, this will make an even more significant impact on the total cost of construction.

Preliminary Reservation and Rejections Letters Issued

Workforce Housing Trust Fund RFP Issued

Public Meeting

Submit 2026 Workforce Housing Trust Fund Application

Apply for State Funding

Housing New Mexico Board Approval of 2027 4% LIHTC Awards

If awarded, then the proposed construction timeline will apply.

Building Permits Obtained

(if awarded funding)

Construction Begins

(if awarded funding)

Lease-Up

(if awarded funding)