In Santa Fe County, the Turquoise Trail affordable housing complex represents a major construction effort valued at $70 million. The project, developed by Minnesota-based Dominium, will deliver 312 apartment units primarily restricted to households earning 60 percent or less of the area median income, including numerous three- and four-bedroom options suitable for families.[1][2]
Located at 4608 N.M. 14 south of Interstate 25, construction is underway following a January groundbreaking celebrated by county officials and partners as recently as early February. Funding includes low-income housing tax credits projected to generate about $57.7 million in equity, along with state loans totaling $4 million.[3]
Nearby, nonprofit Homewise advanced its $47 million Los Prados project with a January groundbreaking. Situated on the city's south side near Airport and South Meadows roads, it comprises 161 purchasable units in single-family homes, townhomes, and condominiums, half reserved for moderate-income buyers. Completion is slated for summer 2027.[4]
These developments form part of Housing New Mexico's 55 active multifamily projects, forecasted to produce 17,329 construction and related professional jobs statewide.[3]
Both projects are set to open in spring 2028, bolstering long-term housing supply and potentially paving the way for additional large-scale builds in the region.[5]
The content of this article was computed by analyzing available sources.
- Santa Fe County Commission approves affordable housing development
- Building underway for 312-unit affordable apartment complex near Santa Fe
- Housing New Mexico celebrates Turquoise Trail groundbreaking
- Homewise breaks ground on $47M affordable housing project in Santa Fe
- New tax bill could boost affordable housing even in Santa Fe