New Mexico Mortgage Finance Authority (MFA) is a governmental instrumentality, separate and apart from the state, created by the Mortgage Finance Authority Act, N.M. Stat. Ann. Sections 58-18-1 1978 et seq. (1978) for the purpose of financing affordable housing for low- and moderate-income New Mexico residents.
The New Mexico Mortgage Finance Authority (“MFA”) has allocated a portion of the Federal HOME Investment Partnerships Program (”HOME”) funds administered by MFA for a HOME Rehabilitation Program (the “Program”). In the event of a conflict between the provisions of this NOFA and the provisions of the “Service/Performance Agreement”, the provisions of the Service/Performance Agreement shall control. MFA may amend the provisions of this NOFA by Program Notice.
The 2020 Department of Housing and Urban Development (HUD) HOME award allocations were approved by the MFA Board on March 18, 2020. The HOME Rehabilitation Program received $6,063,878 for the Program year. The balance and the amount available for release under this NOFA is $4,804,398 which includes a three (3) percent administrative award to the agencies and a seven (7) percent administrative award to MFA for a total of ten (10) percent.
The purpose of this NOFA is to invite the submittal of qualification statements, in accordance with established MFA minimum qualifications, from qualified, capable agencies, who are knowledgeable, skilled, and experienced in managing federal funding and that can provide HOME Rehabilitation services for essential home improvements to all income eligible qualified homeowners. Agencies will be selected based on their capacity, experience, and the ability to provide HOME Rehabilitation services.
These improvements include but are not limited to making energy saving conservation improvements, eliminating health and safety hazards, enhancing accessibility for a disabled or elderly person, structural alterations and reconstruction, repair or replacement of major housing systems, adding or replacing roofing, reconditioning plumbing, installing or replacing a septic system, and general property improvements that are non-luxury in nature. The purpose of this program is to provide funding for the rehabilitation of homes occupied by qualified income eligible homeowners. Funding of up to $85,000 may be available to homeowners whose annual household income does not exceed eighty percent (80%) of the area median income, adjusted for family size for the HOME Rehabilitation Program.
APPLICATION SUBMISSION AND DUE DATE
To be considered for initial funding under this NOFA, completed applications must be received and electronically date stamped no later than Wednesday, March 10th, 2021 at 4:00PM, MST. Subsequent rounds of funding under this NOFA will only be held if funds are available.
If funds remain following the initial funding round, MFA will post an announcement on its website stating the amount of funds still available to be awarded. Thereafter, applications must be received no later than 45 days after the date the announcement was posted to the website. If sufficient funds are not available to fund all projects in a funding round, the first qualified project that is submitted by an eligible agency will be awarded funds, followed by the next qualified project, etc. until the remaining funds are no longer sufficient to fulfill the next project. For all subsequent funding rounds added to this NOFA, MFA will post an announcement on its website stating the amount of funds added to this NOFA that are currently available to be awarded.
Submit proposals to:
Requested documentation must be provided, in order, according to the attached checklist. Forms provided by MFA must be used. All requested documents must be submitted as one electronic PDF document to firstname.lastname@example.org no later than Wednesday, March 10th, 2021 at 4:00PM, MST. Proposals received after the deadline will not be considered. Submissions must state in the e-mail subject line “Response to HOME Rehabilitation NOFA”. Submissions will be reviewed after the established deadline for submission receipt. Submissions will not be opened publicly and will not be available for public inspection until after the list of approved providers has been finalized.
Applicants are encouraged to direct all questions regarding the HOME Investment Partnerships Program (HOME) Rehabilitation Program Notice of Funding Availability (“NOFA”) and Funding Application Guidelines to the Ask A Question (AAQ) on the MFA website. Questions can be submitted through the Ask A Question (AAQ) on the MFA website at: Home NOFA AAQ's
The AAQ will be open upon release of this initial round of funding under this NOFA and will close on Monday, March 8th, 2021 at 4:00PM, MST. All questions must be submitted through the AAQ and will be answered within 2 business days.