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' construction, rehabilitation, and preservation projects to sustain affordable homes for low- and moderate-income households statewide.
Funder: New Mexico Mortgage Finance Authority
Due Dates: Rolling (complete applications at least 60 days before a Board meeting) | LIHTC-linked applications (applicable tax-credit cycle)
Funding Amounts: Loans up to $4 million for construction, $3 million for permanent financing or single-family development; terms up to 40 years
Summary: Flexible loans support the production and preservation of affordable housing for low- and moderate-income households across New Mexico.
Key Information: All awards are repayable loans secured by mortgages or other liens, with enforceable affordability restrictions.
Description
The New Mexico Housing Trust Fund (NMHTF) is administered by the New Mexico Mortgage Finance Authority, doing business as Housing New Mexico. It finances housing initiatives responsive to local needs, supporting long-term or permanent affordability. Funding is awarded competitively or based on need, with loans structured around each project's financing needs and ability to repay.
Eligible work includes infrastructure, new single-family homes and manufactured housing, acquisition and rehabilitation for resale, owner-occupied maintenance and emergency repairs, and permanent rental housing. Special-needs projects may include transitional, group, congregate, and temporary housing for people experiencing homelessness. Selection considers housing need, cost effectiveness, readiness, energy efficiency, income targeting, underserved populations, and tribal or rural locations.
