It’s a non-profit corporation set up in 1993 to purchase and develop around 800 acres of land the City of Santa Fe had recently acquired and paid for through a foreclosure. It bought on additional land. The main purpose of TCC is to incentivize builders to provide homes affordable to lower-income and middle-income families.
It mainly sells large tracts of land to homebuilders at below-market costs that enable them to build affordable homes. TCC provides land for schools and community facilities. It also reviews construction plans for each new subdivision or facility to ensure that TCC Design Standards are followed. All revenues from land sales are reinvested in TCC operations and paying off the City’s loan for the land.
Most of the Phase 1 and 2 tracts have been sold. Phase 3 has about 350 acres of buildable land located south of Phases 1 and 2 and southwest of Capitol High School—owned by both TCC and the New Mexico School for the Deaf. The current master plan for Phase 3 calls for about 1,800 homes and apartments, one new school, a small commercial area, and one new community park. TCC is preparing amendments to the Master Plan to improve how Phase 3 is developed.
Tierra Contenta was approved and annexed by the City of Santa Fe under an annexation agreement and Master Plan. The main purpose of the Master Plan is to ensure that land sales and construction in Tierra Contenta result in attractive and livable neighborhoods.
It has two main components. One is a “Land Use Plan” that shows where homes, apartments, the school, primary roads, etc. will be located. The other component is a set of “Design Standards” that set out requirements for builders regarding the allowed and disallowed features of homes of homes and other buildings, streets that builders put in, setbacks from lot lines, and similar items.
TCC is currently doing door-to-door and online surveys to find out what current Tierra Contenta residents like best and least about the existing neighborhoods, so that the revisions can reflect this community input. In April, TCC hosted a public meeting to get this kind of input. TCC will host at least two more public meetings to get input, in addition to the City’s required public hearings on the revised Master Plan.