New Mexico Housing Trust Fund Loan Awards Notice of Funding Availability (NOFA) and Application Guidelines
The New Mexico Mortgage Finance Authority funds innovative, evidence-based affordable housing development and preservation projects through the New Mexico Housing Trust Fund Loan Awards.
Funder: New Mexico Mortgage Finance Authority
Due Dates: Rolling (submit 60 days before monthly board meeting; meetings are every third Wednesday)
Funding Amounts: Maximum loan size: $2–4 million (rental), $3 million (single-family); terms up to 40 years; actual limits set by program and project type.
Summary: Flexible, competitive loans for affordable housing development, preservation, and infrastructure in New Mexico for low- and moderate-income households.
Key Information: Applications must be complete and meet threshold criteria; affordability and income restrictions apply.
Description
The New Mexico Housing Trust Fund, administered by the New Mexico Mortgage Finance Authority (MFA), provides flexible, competitive loans to support the creation and preservation of affordable housing throughout New Mexico. The program funds a wide range of activities, including new construction, acquisition, rehabilitation, and necessary infrastructure for both single-family and rental housing. The fund is designed to address local needs, ensure long-term affordability, and support low- and moderate-income households. Loans are awarded based on competitive or need-based review, with strict underwriting, housing standards, and affordability requirements.
