New Homes for New Mexico Notice of Funding Availability

Program Background

The New Homes for New Mexico (New Homes DPA) Program provides a funding opportunity to address the shortage of affordable, for sale starter homes in New Mexico. Funding from the 2026 Regular Legislative Session is being made available to eligible buyers for down payment assistance loans to purchase newly constructed homes through eligible builders that meet the requirements set forth in House Bill 200 and the rules promulgated by Housing New Mexico | MFA.

Purpose and Overview

This NOFA describes how eligible home builders may request a reservation of New Homes DPA funds for qualifying sales of newly constructed homes to eligible first-time homebuyers upon closing through eligible participating mortgage lenders. It outlines applicant eligibility, eligible and ineligible activities, funding terms, borrower requirements, and the evaluation process (threshold requirements and ranking criteria).

Home Builder Contact Form

Applicants include ELIGIBLE HOME BUILDERS only (not homebuyers).

Are you a homebuyer or a home builder?