Jul 28, 2026BoardMeeting
BoardFinance Committee Finance Committee Meeting
The committee discussed proposed amendments to the Santa Fe Homes program, specifically regarding bill 2026-11 and the adoption of ordinance 2026-TBD. The discussion focused on changing the fee-in-lieu calculation to use 30% of the area median income instead of 65%. Additionally, the committee considered Amendment A, which introduces flexibility in the timing of fee-in-lieu payments, allowing developers to pay throughout the project development process rather than being required to pay upfront.