NOFA State and Local Fiscal Recovery Funds
State and Local Fiscal Recovery Funds Notice of Funding Availability
MFA is pleased to announce that it is making available $4,750,000 of funding from American Rescue Plan Act Coronavirus State and Local Fiscal Recovery Funds for the purposes defined by the U.S. Department of the Treasury (Treasury) Final Rule (Final Rule) which allows state, local, and Tribal governments to respond to the severe economic impact resulting from the pandemic and resulting recession.
Background Information
On March 11, 2021, President Joseph R. Biden, Jr signed the American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Fund (SLFRF) into law. This legislation provides relief for eligible state, local, territorial, and tribal governments to respond to the continued impact of COVID-19 on the economy, public health, state and local governments, individuals and businesses.
All proposed projects under this Notice of Funding Availability (NOFA) must comply with the Mortgage Finance Authority Act, the Affordable Housing Act, NM HTF Act and their associated Rules, ARPA and the SLFRF Final Rule, and all other applicable state and federal laws and regulations.
MFA Point of Contact
Applicants are encouraged to direct questions regarding the SLFRF NOFA and Application Guidelines to:
New Mexico Mortgage Finance Authority
344 Fourth Street SW
Albuquerque, NM 87102
Phone: (505) 767-2277 or toll-free statewide (800) 444-6880
E-mail: tchavez@housingnm.org
TTY/Voice: 711, or if no answer
1-800-659-8331 (English) OR 1-800-327-1857 (Spanish)
Application Submission
Applications must be received no later than 45 days prior to a regularly scheduled meeting of the MFA Board of Directors in order to be considered at that meeting. Meetings of the MFA Board of Directors are generally held every third Wednesday of the month. All applications submitted by the deadline for a particular meeting of the MFA Board of Directors will be treated as one funding round and evaluated concurrently.
Applications that were submitted for a prior funding round, but which are still pending, will be given priority over new applications. If sufficient funds are not available to fund all projects in a funding round that meet the requirements outlined in this NOFA, the project receiving the highest score will be recommended to the Board of Directors for approval, followed by the next highest scoring project, etc. until the remaining funds are no longer sufficient to fulfill the next highest scoring project’s requested amount. The required application forms will be provided electronically and may be downloaded here:
State and Local Fiscal Recovery Funds NOFA
State and Local Fiscal Recovery Funds Application
Applications must be submitted via email to tchavez@housingnm.org and include “SLFRF Application”
in the subject line.
Eligible Applicants
Applicants should have among their purposes significant activities related to providing housing or services to Persons of Low or Moderate Income.
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 MFA. Individual applicants are not eligible.
Funding Limits and Restrictions
All awarded projects must incorporate an energy-efficiency component.
Awards are contingent on sufficient appropriations and are further subject to applicable law and funding source regulation. If these are not available, any award or other agreement between MFA and any successful, eligible applicant will terminate upon written notice being given by MFA to the applicant. MFA’s decision as to whether sufficient appropriations are available or whether SLFRF awards may be subject to applicable law will be accepted by any applicant and will be final.
Resources
https://home.treasury.gov/system/files/136/SLFRF-Final-Rule.pdf
Frequently Asked Questions
This FAQ section is the method for submitting questions related to application requirements and scoring criteria for the State and Local Fiscal Recovery Funds. Staff will make a good-faith effort to post responses to questions. Note that staff may edit questions for clarity before posting them to this page. If you believe that your question was misrepresented and your question was not answered correctly, please submit a follow-up question or clarification of your question. The deadline to submit a question is listed on the timeline above.