Location: Santa Fe, New Mexico
On May 31, 2016 Ventana Fund’s Board of Directors awarded a $750,000 acquisition/rehabilitation loan to Santa Fe Civic Housing Authority for Villa Hermosa, a 116 unit public housing community for seniors currently paying 30 percent of their adjusted income toward rent. Originally built in 1975, Villa Hermosa provides low-income housing and social services to seniors through project-based Section 8 subsidies. This project includes upgrades to all unit interiors, such as new heating and cooling systems, kitchens and bathrooms. There will also be upgrades of new fixtures, trim and doors along with new Energy Star LED lighting and appliances. The unit interiors will be reconfigured to meet the needs of aging seniors by improving accessibility and space mobility. Enhanced outdoor spaces include new interconnected walking paths as well as a new community center building with kitchen and laundry facilities. The project will be constructed in accordance with LEED green building standards and will also feature a rooftop photovoltaic system.