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State Tax Credits for Affordable Housing Development
Aug 29, 2014 14-35
Revised Acquisition Cost Limits All Programs and Revised Payment$aver and Helping Hand Program
Revised Program Acquisition Cost Limits:
Effective with loans reserved September 2, 2014, MFA is amending the Statewide Program Acquisition Cost Limits for ALL programs.
The new Acquisition Cost Limits are as follows:
NEW Acquisition Cost Limits for Mortgage$aver Program
| Geographic Area | Acquisition Cost Limit |
|---|---|
| Santa Fe County | $360,000 |
| Los Alamos County | $372,375 |
| Taos County | $280,125 |
| All other Areas of the State | $265,158 |
| All Targeted Census Tracts Within the State | $324,082 |
NEW Acquisition Cost Limits for HERO, Mortgage Booster, Payment$aver and Helping Hand Programs
| Geographic Area | Acquisition Cost Limit |
|---|---|
| Santa Fe County | $360,000 |
| Los Alamos County | $372,375 |
| Taos County | $280,125 |
| All other Areas of the State | $265,158 |
Revised Program Household Income Limits:
Effective with loans reserved September 2, 2014, MFA is amending the Statewide Program Household Income Limits for the Payment$aver and Helping Hand programs.
The new Household Income Limits are as follows:
NEW Payment$aver/Smart Choice Household Income Program Limits
Number of People in the Household
| MSA or County | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Albuquerque MSA Bernalillo/Sandoval/Valencia/Torrance Counties | 29,330 | 33,530 | 37,730 | 41,860 | 45,220 | 48,580 | 51,940 | 55,300 |
| Santa Fe MSA and Los Alamos County | 36,600 | 41,800 | 47,050 | 52,250 | 56,450 | 60,650 | 64,800 | 69,000 |
| Farmington MSA San Juan County | 32,500 | 37,150 | 41,800 | 46,400 | 50,150 | 53,850 | 57,750 | 61,250 |
| Las Cruces MSA, Doña Ana County | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Catron County | 27,100 | 31,000 | 34,850 | 38,700 | 41,800 | 44,900 | 48,000 | 51,100 |
| Chaves | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Colfax | 27,450 | 31,400 | 35,300 | 39,200 | 42,350 | 45,500 | 48,650 | 51,750 |
| Curry | 29,400 | 33,600 | 37,800 | 42,000 | 45,400 | 48,750 | 52,100 | 55,450 |
| Eddy | 33,900 | 38,750 | 43,600 | 48,400 | 52,300 | 56,150 | 60,050 | 63,900 |
| Grant | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Harding | 27,350 | 31,250 | 35,150 | 39,050 | 42,200 | 45,300 | 48,450 | 51,550 |
| Lea | 30,350 | 34,650 | 39,000 | 43,300 | 46,800 | 50,250 | 53,700 | 57,200 |
| Lincoln | 30,600 | 35,000 | 39,350 | 43,700 | 47,200 | 50,700 | 54,200 | 57,700 |
| Otero | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Rio Arriba | 27,100 | 30,950 | 34,800 | 38,650 | 41,750 | 44,850 | 47,950 | 51,050 |
| Taos | 28,500 | 32,600 | 36,650 | 40,700 | 44,000 | 47,250 | 50,500 | 53,750 |
| Union | 26,900 | 30,750 | 34,600 | 38,400 | 41,500 | 44,550 | 47,650 | 50,700 |
| All other counties | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
NEW Helping Hand Household Income Program Limits
Number of People in the Household
| MSA or County | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Albuquerque MSA Bernalillo/Sandoval/Valencia/Torrance Counties | 33,500 | 38,300 | 43,100 | 47,850 | 51,700 | 55,550 | 59,350 | 63,200 |
| Santa Fe MSA and Los Alamos County | 36,600 | 41,800 | 47,050 | 52,250 | 56,450 | 60,650 | 64,800 | 69,000 |
| Farmington MSA, San Juan County | 32,500 | 37,150 | 41,800 | 46,400 | 50,150 | 53,850 | 57,750 | 61,250 |
| Las Cruces MSA, Doña Ana County | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Catron County | 27,100 | 31,000 | 34,850 | 38,700 | 41,800 | 44,900 | 48,000 | 51,100 |
| Chaves | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Colfax | 27,450 | 31,400 | 35,300 | 39,200 | 42,350 | 45,500 | 48,650 | 51,750 |
| Curry | 29,400 | 33,600 | 37,800 | 42,000 | 45,400 | 48,750 | 52,100 | 55,450 |
| Eddy | 33,900 | 38,750 | 43,600 | 48,400 | 52,300 | 56,150 | 60,050 | 63,900 |
| Grant | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Harding | 27,350 | 31,250 | 35,150 | 39,050 | 42,200 | 45,300 | 48,450 | 51,550 |
| Lea | 30,350 | 34,650 | 39,000 | 43,300 | 46,800 | 50,250 | 53,700 | 57,200 |
| Lincoln | 30,600 | 35,000 | 39,350 | 43,700 | 47,200 | 50,700 | 54,200 | 57,700 |
| Otero | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
| Rio Arriba | 27,100 | 30,950 | 34,800 | 38,650 | 41,750 | 44,850 | 47,950 | 51,050 |
| Taos | 28,500 | 32,600 | 36,650 | 40,700 | 44,000 | 47,250 | 50,500 | 53,750 |
| Union | 26,900 | 30,750 | 34,600 | 38,400 | 41,500 | 44,550 | 47,650 | 50,700 |
| All other counties | 26,450 | 30,200 | 34,000 | 37,750 | 40,800 | 43,800 | 46,850 | 49,850 |
Thank you for participating in MFA’s program. Should you have any questions, please contact a member of the MFA Homeownership Department.
