Housing Innovation Program
PROGRAM TEMPORARILY CLOSING: The Housing Innovation Program will be temporarily closing on August 22, 2026. This will be the last day to submit an application. The program will reopen and begin taking applications December 19, 2026 – please check back for any updates or revisions to the program rules and requirements.
Overview:
The Housing Innovation Program is a resource to address housing needs that are currently not being served through other Housing New Mexico programs and an opportunity for eligible applicants to fund a community tailored housing solution. Through the program, Housing New Mexico looks to assist underserved populations, to cultivate new partnerships, and to fund projects that may be scalable.
Examples of past awards include funding for a roof repair and replacement program, homeless shelter expansion, accessibility improvements for senior homeowners, and scattered sight transitional housing for participants of a workforce integration program.
Eligible Applicants:
Eligible applicants include, but are not limited to, non-profit organizations, for-profit organizations, governmental housing agencies or authorities, regional housing authorities, governmental entities, governmental instrumentalities, tribal governments, tribal housing agencies, developers, builders, corporations, limited liability companies, partnerships, joint ventures, syndicates, associations, or other entities that can assume contractual liability and legal responsibility by executing one or more written agreements entered into with Housing New Mexico. Individual applicants are not eligible for the Housing Innovation Program.
Eligible Funding Activities:
Only projects capital in nature will be considered for award and all activities must directly benefit a low- or moderate-income household. Awards will only be made for activities eligible under the New Mexico Housing Trust Fund Rules, which include:
- costs of infrastructure and infrastructure purposes
- financing in whole or in part through loans or grants, the costs necessary to support, operate or own affordable housing projectsTthe acquisition, construction, rehabilitation, renovation, reconstruction, alteration or repair of residential housing, multi-family housing, congregate housing facilities, transitional housing facilities
- buildings for use as or that will provide affordable housing
Planning activities, funding for operational expenses, and housing development projects that could be eligible for funding through another Housing New Mexico program will not be considered for an award through the Housing Innovation Program.
All awards will be subject to the availability of funds and the New Mexico Housing Trust Fund Act and Rules. Housing New Mexico will award no more than $500,000 to eligible applicants. Upon expenditure of 80% of its award, demonstration of successful project implementation, and provided that funds remain available to award under the NOFA, eligible applicants may request additional funding up to $500,000. Applicants must provide evidence and supporting documentation to justify that the award request is reasonable. Housing New Mexico will allocate only the minimum amount of funds that it determines to be necessary for the financial feasibility of a project and its viability.
Timeline:
| Board Date | Application Cut Off Date |
|---|---|
| 4/15/2026 | 2/14/2026 |
| 5/20/2026 | 3/21/2026 |
| 6/17/2026 | 4/18/2026 |
| 7/15/2026 | 5/16/2026 |
| 8/19/2026 | 6/20/2026 |
| 9/16/2026 | 7/18/2026 |
| 10/21/2026 | 8/22/2026 |
| 11/18/2026 | 9/19/2026 |
| 12/16/2026 | 10/17/2026 |
| 1/20/2026 | 11/21/2025 |
| 2/17/2026 | 12/19/2025 |
State Capital Outlay funding is used to build and improve physical properties throughout New Mexico that will benefit the public. Funding is appropriated by the New Mexico Legislature and Governor for specific projects to support planning, design, construction, improvements, property acquisition, and other eligible capital expenses. Housing New Mexico administers State Capital Outlay appropriations for specific projects and works with partners to see each project through to completion. An announcement of appropriations does not mean immediate funding availability, but the start of the appropriation process. Housing New Mexico will follow State regulations to administer the appropriations through our Housing Innovation Program and will provide information and resources to all eligible applicants.
Capital Outlay for Nonprofit Organizations
Housing New Mexico will work with nonprofit organizations interested in Capital Outlay funding. In accordance with the Affordable Housing Act (Section 62-7-1 et. Seq. NMSA 1978) (The "Act"), and the Affordable Housing Act Rules (the "Rules"), nonprofit organizations must obtain certification as a Qualifying Grantee to be eligible to receive assistance from the State, counties, and municipalities to provide housing or housing-related funding.
Capital Outlay Application
Housing New Mexico will accept applications for Capital Outlay funding using the Housing Innovation Program application. This application can be found under the Resources sections below.
Capital Outlay Frequently Asked Questions
For additional questions regarding State Capital Outlay appropriations, contact Housing New Mexico by calling (505)843-6880 or email srosales@housingnm.org
Resources:
Questions?
Contact:
Daniela Freamon
Program Manager
dfreamon@housingnm.org
Prior to application submission, Housing New Mexico encourages inquiries and contacts with its contact person from prospective applicants regarding the NOFA and/or sound housing project policies and procedures.