Jan 28, 2014 14-02
Single-Family Mortgage Program Federally Targeted Census Tracts
New Targeted Area Census Tracts
Effective with loans reserved January 6, 2014 or after the IRS has updated the qualified targeted areas based on the 2010 census. A “qualified census tract” is a census tract in which 70 percent or more of the families have income that is 80 percent or less of the statewide median family income.
Targeted Area Census Tracts apply to all Housing NM Programs with the exception of HERO
Any borrower who purchases a property that is within a qualified census tract is:
- Eligible to receive the lowest interest rate offered by Housing NM within a 12 month period from the date of application (lender must contact Housing NM Homeownership Department);
- Eligible to receive higher income and acquisition cost limits (lender must contact Housing NM Homeownership Department);
- Not required to be a first-time homebuyer
Targeted Area Household Income Limits:
| County / Persons Per Household | 1 or 2 | 3 or More |
|---|---|---|
| Bernalillo and Sandoval County Census Tracts | $75,480.00 | $88,060.00 |
| San Juan County Census Tracts | $66,360.00 | $77,420.00 |
| All other County Census Tracts | $65,040.00 | $75,880.00 |
Targeted Area Acquisition Cost Limit:
All County Census Tracts: $298,155
Targeted Census Tracts:
Bernalillo County
Census Tract 6.04, Census Tract 9.01, Census Tract 9.03, Census Tract 15.00, Census Tract 20.00, Census Tract 47.35
Cibola County
Census Tract 9458
Curry County
Census Tract 1.00
Doña Ana County
Census Tract 4.01, Census Tract 6.00, Census Tract 10.00, Census Tract 17.06, Census Tract 17.07, Census Tract 18.05, Census Tract 18.06
Luna County
Census Tract 2.00
McKinley County
Census Tract 9405, Census Tract 9440, Census Tract 9453
Otero County
Census Tract 1.00
Sandoval County
Census Tract 9409
Santa Fe County
Census Tract 13.04, Census Tract 9800
Sierra County
Census Tract 9623
Socorro County
Census Tract 9400
Thank you for participating in Housing NM’s program. Should you have any questions, please contact an Housing NM Homeownership Representative at 1(800) 444-6880 or (505) 843-6880
