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Searched for affordable housing. Total results: 111.
2021 Initiatives
…lifetime – a home. Affordable Housing Development Financing Affordable housing development is an intensive process that combines community planning; needs assessment; financial feasibility analysis; legal issues specific to development on native lands; construction management; as well as occupancy and operations. Bureau of Indian Affairs Land Titles and Records Process All…
Notice Of Public Hearing And 30 Day Public Comment Period For The Draft 2022 Annual Action Plan
Housing New Mexico and the Department of Finance and Administration, Local Government Division (DFA) are seeking public comment on the proposal of the 2022 Draft Annual Action Plan. The public comment period will begin on March 20, 2022, and end on April 20, 2022. A hybrid virtual and in-person public…
LIHTC Program
…invest funds in rental housing developments with apartments set aside for low-income households. To use this tax incentive, developers typically form limited partnerships with investors who contribute equity capital in exchange for tax savings. Once an allocation is made and construction is completed, tax credits can be claimed annually for…
FirstDown Plus FAQs
…use. Q: Why doesn't Housing New Mexico change the name of the program when new terms and guidelines are announced? Wouldn't that make it less confusing? A: We understand there may be some confusion initially; however, lenders should think of FirstDown Plus simply as a third mortgage program which has…
Short Sale Request
Home Affordable Foreclosure Alternatives Program (HAFA) The HAFA program allows homeowners who can no longer afford to stay in their home but who want to avoid foreclosure to transition to more affordable housing through a short sale or deed-in-lieu of foreclosure. Please note that the homeowner must provide consent to…
Request for Proposals To Provide Construction Services
…must be received by Housing NM at its office, located at 344 Fourth Street S.W., Albuquerque, NM 87102, by no later than Thursday, August 10, 2023, at 2:00 p.m., Mountain Time. Proposals shall be in sealed envelopes marked “Response to RFP to Provide Construction Services.” Bid Proposals are to be…
A Guide to the Homebuying Process
…Become Educated Taking a Housing New Mexico-approved homebuyer education course is the best way for homebuyers to learn all about the process of applying for a mortgage and becoming a responsible homeowner. Get started today by registering for this affordable online class: https://ehomeamerica.org/nmmfa Up to three people can register and…
UNPDATED GUIDANCE FHA Non-Permanent Resident Alien and DACA Borrowers
…continues to support our strong partners in meeting the housing needs in New Mexico, to make our programs accessible, and to provide quality affordable housing opportunities to all New Mexicans.
Risk Share
…and permanent loans for affordable rental developments. Risk Share loans (no size limit) may be used as credit enhancement for bond transactions, which provide the funding. Loans up to $2,000,000 (i.e. ACCESS loans) may be funded by MFA and are designed to minimize transaction/due diligence costs and expedite processing for…
Maximum Insurance Deductibles Increased and Clarification of NEXTDown Loan Amount Calculations
…shop for the most affordable policies available and to make regular contributions to their savings to help cover unexpected costs. 2. Clarification of NEXTDown Loan Amount Calculations Lenders may reserve loan amounts that include the cents, may round up or may round down to the nearest dollar. The NEXTDown loan…