SANTA FE, NM (KRQE) – The City of Santa Fe now has a new affordable housing development. The new 65-unit development, known as Siler Yard, was designed specifically for people involved in creative professions.
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The new development will give housing and economic support resources for local dancers, artists, artisans, actors and culinary artists. The development will be a live and work rental space for creatives making under 60% of the area median income.
“The Siler Yard development has been a decade in the making, and we are thrilled to officially open to our residents and the community. The development will provide high-quality housing to individuals at rates far below the local average for monthly rent,” New Mexico Inter-Faith Housing executive director Daniel Werwath said. The more than $17.4 million project will offer one, two and three bedroom units starting at $427 per month. The development will also have almost 600 solar panels for power.
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