The historic Stage Coach Motor Inn along Cerrillos Road (aka Route 66) in Santa Fe, N.M., soon will be converted into a lower-income housing complex, according to the Albuquerque Journal.
The Housing Trust of Santa Fe will begin renovating the motel in January.
Plans call for revamping the inn’s three buildings into 15 studios apartments and constructing 44 new one-, two- and three-bedroom units. A small casita on the site will also be redone and available to rent.
Community gardens, walking paths, a play area and open space have been mapped out for the 4.5 acre site. The community space will offer computers, a kitchen and room for child care and after-school programs.
Eventually, the Housing Trust hopes to also build a separate day-care center on the property.
Eco-friendly features are designed to earn the project platinum LEED status. […]
Residents must earn no more than 60 percent of the area’s average median income, now about $52,000 in Santa Fe. Units will rent from between $300 to nearly $1,000 a month.
The trust is paying $1.5 million for the property. The market value is $2.25 million, but the motel’s owner is donating the difference. All told, the entire project will cost about $12 million, which will be paid with housing tax credits and funding from funding from Santa Fe’s Affordable Housing Trust Fund and Community Development Block Grant, New Mexico Housing Trust Fund, and New Mexico Mortgage Finance Authority.
This is yet another example of a historic property being adapted to another use. If the market can no longer make a vintage motel viable, then it should be converted to some other business use instead of being torn down.
A photo of the Stage Coach can be seen here.
UPDATE 12/9/2011: The Albuquerque Journal posted a story about the groundbreaking for the project.