New Mexico Housing Trust Fund Loan Awards Notice of Funding Availability (NOFA) and Application Guidelines
New Mexico Housing Trust Fund Loan Awards support housing providers with loans to build, rehabilitate, and preserve affordable homes for low- and moderate-income New Mexicans.
Funder: New Mexico Mortgage Finance Authority
Due Dates: Rolling funding rounds (complete applications due 60 days before Board meetings) | 9% LIHTC requests (with annual LIHTC application)
Funding Amounts: Loans up to $4 million for rental construction, $3 million for rental permanent financing, and $3 million for single-family development; terms depend on financing type
Summary: Flexible loans support the production and preservation of affordable single-family, rental, and special needs housing in New Mexico.
Key Information: Funding is repayable loan financing, with enforceable affordability restrictions.
Description
The New Mexico Housing Trust Fund is administered by the New Mexico Mortgage Finance Authority (MFA), doing business as Housing New Mexico. It provides flexible financing to produce and preserve affordable housing for low- and moderate-income New Mexicans. Awards support locally responsive housing solutions and may finance land and building acquisition, infrastructure, construction, rehabilitation, and preservation.
Eligible work includes new single-family homes and manufactured housing, acquisition and rehabilitation for resale, owner-occupied maintenance and emergency repairs, permanent rental housing, and special needs housing. Transitional, group, congregate, and temporary housing for people experiencing homelessness are included. The program emphasizes long-term affordability, cost effectiveness, sustainability, energy efficiency, and service to underserved populations and tribal or rural communities.
