Final Report Las Cruces Affordable Housing Strategies Prepared by the Ad Hoc Committee on Affordable Housing Final Report July 28, 2009 Las Cruces Affordable Housing Strategies Prepared by Affordable Housing Ad Hoc Committee City of Las Cruces, Community Development 575 South Alameda Las Cruces, New Mexico 88044 Prepared by BBC Research & Consulting 3773 Cherry Creek N. Drive, Suite 850 Denver, Colorado 80209-3868 303.321.2547 fax 303.399.0448 www.bbcresearch.com
[email protected] and Clarion Associates 621 17th Street Denver, Colorado 80293 303.830.2890 fax 303.860.1809 www.clarionassociates.com Table of Contents I. Introduction and Background II. Las Cruces Affordable Housing Programs Federal Sources for Affordable Housing ...................................................................................... II–1 State and Local Funding ............................................................................................................. II–3 Major Housing Programs ............................................................................................................ II–4 Housing Providers ...................................................................................................................... II–8 Summary Impact ....................................................................................................................... II-11 III. Development Regulations Review Recommendations .................................................................................................................... III–1