Siler Yard is an innovative nonprofit driven project working at the intersection of urgent affordable housing and economic development needs in Santa Fe, New Mexico. The project will combine highly affordable live/work rental housing co-located with a community makerspace operated by MAKE Santa Fe, all amplified through on-site resources for economic development and support. Siler Yard will be located on a city-donated redevelopment site on Siler Road. This rapidly transitioning neighborhood has long housed craftsperson studios, DIY venues, and a wide range of trades and local businesses. The goal of the project is to preserve low-cost living and working space in a gentrifying neighborhood while serving lower-income creative entrepreneurs and their families. This type of live/work affordable rental housing has never before been developed in New Mexico.
In fall 2017, CBRE conducted a multi-family housing survey for Santa Fe, New Mexico and noted that the city “may well be the tightest rental market in the country.” This report showed a rental vacancy rate of just 2.7 % functionally 100 % occupancy. The same report indicates that market-rate rental housing costs had increased by more than 30 % in the prior three years.
Siler Yard will be a mixed-income community serving a majority low and very low-income individuals and families. By providing such low-cost living and working space together, we hope to create a platform for creative entrepreneurs to expand and grow their careers and businesses and become more economically self-sufficient.
Siler Yard was a recipient of the prestigious National Endowment for the Arts “Our Town” planning grant, and by the time of construction will have invested more than $300,000 in connecting with the community around architectural design, programming and amenities for the project. The architectural design of the project is the result of a design input process that engaged with more than 35 creatives who represent the constituencies we hope to serve, in particular: lower income Hispanic, Native American and non-binary artists of color.
Siler Yard is designed to be cutting-edge water and energy efficient. A net-zero energy solar array will generate all the power needed to sustain the residential housing with their highly efficient appliances and HVAC systems. Lowest water use fixtures and innovative stormwater harvesting combined with sustainable landscaping will ensure minimal site water consumption.
Please visit www.sileryard.org for more details on this project