Expanding Affordable Housing
Across our region, in communities big and small, the lack of housing has emerged as a pressing priority.
To expand affordable housing across northern New Mexico, Anchorum is investing more than
$15000000
Anchorum is investing more than $15.5 million in loans, grants, and other initiatives to expand affordable housing across northern New Mexico.
This includes a $10 million loan to Homewise to help develop approximately 1,500 affordable homes in Santa Fe County and a $2.5 million impact investment in Native Community Capital to support a development loan fund for Tribal communities. These investments are key first steps in Anchorum’s housing strategy to spark additional funding from public, private, and philanthropic partners.
Anchorum’s housing investments include:
A $10 million loan to Homewise: For years, Anchorum has been a community partner with Homewise, which has raised over $20 million to advance affordable housing and community redevelopment initiatives. This new loan will be used to help finance the infrastructure for the third phase of Tierra Contenta, a long-planned mixed-use community in southwest Santa Fe. Anchorum also partners with Homewise in the Community Catalyst Fund to finance affordable housing and mixed-use developments, create new homeowners, help homeowners make home improvements, create low-impact rental housing, and help seniors make necessary home modifications to age in place.
A $2.5 million impact investment in Native Community Capital: Native Community Capital (NCC), is a Native-led community development financial institution and licensed mortgage bank, headquartered in the Pueblo of Laguna. NCC’s purpose is to advance Tribal self-determination by working as a lender and as an honest broker for unlocking the capital resources necessary to build Tribal economies. Anchorum’s investment supports a housing project currently underway in Shiprock.
A $1.5 million Affordable Housing Loan Fund: This pilot project reflects Anchorum’s proactive approach to affordable housing. Designed to drive innovation, this fund supports speculative and pre-development activities—critical early steps that determine if new projects get off the ground. By covering due diligence costs, it serves as an incentive for developers to pursue creative and sustainable solutions and explore every viable avenue to address housing needs in our communities. As loans are repaid, funds are reinvested to finance future projects, creating a continuous cycle of financial support.
