New Mexico Match Fund – Matching Grant
New Mexico Match Fund – Matching Grant supports public entities and tribal governments with matching funds for federal grants, helping advance infrastructure, research, and other community projects.
Funder: New Mexico Department of Finance and Administration
Due Dates: Rolling (Matching Grant) | July 1, 2026 (FY27 applications opened)
Funding Amounts: $20 million available for FY27; up to $2.5 million for state agencies and higher education institutions, or $10 million for other eligible applicants
Summary: Provides state matching funds to help eligible New Mexico entities meet federal grant minimum match requirements.
Key Information: Applicants must have submitted a federal application or submit one within 120 days of applying for matching funds.
Description
The New Mexico Department of Finance and Administration (DFA) administers the Matching Grant through the New Mexico Match Fund, established in 2024 by House Bill 177. The program supplies additional funding needed to meet a federal grant’s minimum non-federal match requirement. It supports infrastructure, research, economic development, the energy transition, and other projects benefiting New Mexico communities.
The program aims to remove matching-fund barriers and increase eligible entities’ ability to secure federal support. Rural, frontier, and tribal communities receive a reserved share of funding. DFA can make contingent matching awards before federal funding decisions, allowing applicants to pursue federal grants with a state match commitment.
