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MFA Allocates $88 Million in Low Income Housing Tax Credits To Fuel Affordable Housing Developments in New Mexico
July 10, 2023
The New Mexico Mortgage Finance Authority has awarded a total of $88,346,760 in 4% Low-Income Housing Tax Credits (LIHTC) in 2023 to support affordable housing projects. These tax credits will contribute to the development and preservation of four...
MFA Awards $1.3 Million to Create Housing Opportunities for New Mexicans Living with AIDS/HIV
June 27, 2023
On June 21, 2023, the New Mexico Mortgage Finance Authority (MFA) Board of Directors approved $1,380,892 in awards for the Housing Opportunities for Persons with AIDS (HOPWA) program. HOPWA is a federal initiative dedicated to assisting low-income...
MFA Supports Preservation and Rehabilitation of 188 Affordable Units for Seniors
June 23, 2023
On June 16, 2023, the New Mexico Mortgage Finance Authority (MFA) celebrated the grand opening of Casa de Sierra, a property in southeast Albuquerque. Thanks to the $10,017,170 in federal low-income housing tax credits (LIHTC) awarded by MFA in 2020...
MFA Supports New Construction of 61 Affordable Units for Families in Albuquerque
June 20, 2023
On June 6, 2023, the New Mexico Mortgage Finance Authority (MFA) participated in the groundbreaking of Calle Cuarta, one of the latest Low-Income Housing Tax Credit (LIHTC) awarded projects. MFA awarded $13,110,053 through tax credits and funded ...
MFA Awards $2 Million for Acquisition and Rehabilitation of Recovery Housing Across New Mexico
June 13, 2023
The New Mexico Mortgage Finance Authority (MFA) Board of Directors recently approved two awards of $969,499 to Hozho Center for Personal Enhancement and $1,144,213 to Crossroads for Women for the Recovery Housing Program (RHP).
MFA Offers Below Market Interest Rate for New Mexicans Entering Housing Market
June 13, 2023
The New Mexico Mortgage Finance Authority (MFA) offers mortgage interest rates as low as 5.875%* for the FirstHome Government mortgage loan program, which has shown to be substantially lower than current market rates.
MFA Awards $53 Million for Affordable Workforce Housing Construction and Rehabilitation Across New Mexico
June 13, 2023
On May 17, 2023, The New Mexico Mortgage Finance Authority (MFA) Board of Directors approved $53 Million in Low-Income Housing Tax Credits (LIHTC) for the new construction and rehabilitation of affordable housing across New Mexico.
MFA Supports Village of Ruidoso in Creating Workforce Housing for Wildfire Victims
May 22, 2023
The New Mexico Mortgage Finance Authority (MFA) participated in a ribbon cutting for the celebration of the newest housing development in Ruidoso, Mechem Meadows - a project that MFA provided a $400,000 no-interest loan to in June of 2022.
MFA Receives $1.3 Million from NM Gas Co. for Home Energy Efficiency Improvements
May 15, 2023
New Mexico Mortgage Finance Authority (MFA) recently received an additional $1,300,000 in funding from New Mexico Gas Company for the New Mexico Energy$mart Weatherization Program.
MFA Launches New Program to Rehabilitate and Resell Vacant and Abandoned Single Family Homes
May 8, 2023
The Board of Directors for the New Mexico Mortgage Finance Authority (MFA) recently approved the Restoring Our Communities (ROC) Program to reduce vacant and abandoned homes in communities across New Mexico.