Homewise uses high-quality materials and energy-saving construction techniques to reduce homeowners’ utility bills and maintenance costs, increasing the long-term affordability of the residences. The houses include ENERGY STAR® appliances and are designed to meet the requirements for Leadership in Energy and Environmental Design Gold certification. Homewise has 10 floor plans for its houses, ranging from a 2-bedroom, 2-bath, single-story house up to a two-story, 4-bedroom, 2-bath residence, all in the Pueblo Revival style. Homewise has begun building houses in the first phase and is expected to develop the second phase starting in late 2017. When Homewise obtained the property after it had been returned to the bank in the wake of the recent housing crisis, the first phase consisted of infrastructure, 3 houses, and 88 buildable lots the second phase contained 78 buildable lots. Tessera is a two-phased subdivision of a 146-acre property, initially intended by developer Hurlocker Homes as a luxury residential community with homes priced at up to $1.2 million. The mixed-income development will include 22 low-income homes reserved for buyers who obtain financing from Homewise.Ī New Direction for a Stalled Subdivision
#TESSERA SANTA FE FREE#
Tessera buyers will have access to affordable mortgages, one-on-one homebuyer counseling, and free financial health workshops provided by Homewise. The CDFI plans to complete Tessera by building and selling 166 single-family detached houses by 2021. The unfinished subdivision was purchased in 2014 by Homewise, a nonprofit community development financial institution (CDFI) serving northern New Mexico with the mission to promote homeownership among low-income households through homebuyer education, sustainable mortgages, and financial counseling. Once a stalled project with no clear future, the Tessera subdivision located in the hills of northwestern Santa Fe is on track to provide affordable, sustainable homeownership opportunities for area residents. All Rights Reserved.Homewise will build 166 houses in the undeveloped portion of the Tessera subdivision, 22 of which will be priced to be affordable to households earning up to 65 percent of the area median income. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. will not knowingly accept any advertising for real estate that is in violation of the law. All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL. MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.
The information contained in this publication is subject to change without notice.
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