Anchorum Health Foundation in Santa Fe, New Mexico, has announced commitments totaling $15.5 million to expand affordable housing across the northern region of the state.

Investments include a $10 million loan to Homewise to help finance the infrastructure for the third phase of Tierra Contenta, a long-planned mixed-use community in southwest Santa Fe that will develop approximately 1,500 affordable homes. In addition, a $2.5 million impact investment in Native Community Capital (NCC) will support a development loan fund for Tribal communities, including a housing project in Shiprock, New Mexico; and a three-year, $1.5 million grant to NCC will support operations, including work to convene Pueblos and Tribal elected leaders on leveraged financing for homeownership on Tribal lands. The remaining $1.5 million will bolster the Affordable Housing Loan Fund, a pilot project designed to support speculative and pre-development activities for affordable housing projects.

“Our vision for solving the affordable housing crisis depends on collaboration,” said Anchorum Health Foundation president and CEO Jerry Jones. “It will take strong partnerships and bold, long-term investments to increase access to affordable homeownership, improve overall quality of life, and transform our communities.”

(Photo credit: Getty Images/Tiago Fernandez)