Posted: Tuesday, March 22, 2016 10:30 pm | Updated: 10:57 pm, Tue Mar 22, 2016.
Original posted by Santa Fe New Mexican
The city of Santa Fe is moving forward with a plan to lift many of the restrictions on short-term rental units, but stops short of removing the cap on the total number of rentals allowed citywide.
Members of the Lodgers Tax Advisory Board approved a plan Tuesday to more than double the number of short-term rental permits from about 400 to 1,000. It goes next week to the city Public Works Committee, and will be reviewed by two other panels before consideration, then a public hearing by the Santa Fe City Council on April 27.
The new law would set an initial number of permits at 1,000 and allow all unlicensed units to come under the new law within 90 days.
If an owner is unlicensed after that, the city would impose a fine of $500. If the violation continued for another 14 days, the fine could be continued at $250 a day or the unit could be shut down.