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Income and Purchase Price Limits

Income and Purchase Price Limits

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Housing NM Newsletter - July 2023

11 Jul, 2023
The July 2023 newsletter from Housing NM highlights the agency's recent work to provide safe, affordable housing opportunities for low- and moderate-income New Mexicans. Take a look!

Housing NM Advances Housing Initiative and Expands Collaborative Efforts During Board Meeting in Taos, NM

10 Jul, 2023
On June 21, 2023, Housing NM staff and Board of Directors held the monthly board meeting at Kit Carson Electric Cooperative, Inc. in Taos, New Mexico. The meeting covered various housing-related topics, including...

Housing NM Allocates $88 Million in Low Income Housing Tax Credits To Fuel Affordable Housing Developments in New Mexico

10 Jul, 2023
The New Mexico Mortgage Finance Authority has awarded a total of $88,346,760 in 4% Low-Income Housing Tax Credits (LIHTC) in 2023 to support affordable housing projects. These tax credits will contribute to the development and preservation of four...

July Board Meeting Notice - 2023

1406 | 2023-07-06 | Pages |

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Housing NM Awards $1.3 Million to Create Housing Opportunities for New Mexicans Living with AIDS/HIV

27 Jun, 2023
On June 21, 2023, Housing NM Board of Directors approved $1,380,892 in awards for the Housing Opportunities for Persons with AIDS (HOPWA) program. HOPWA is a federal initiative dedicated to assisting low-income...

Housing NM Supports Preservation and Rehabilitation of 188 Affordable Units for Seniors

23 Jun, 2023
On June 16, 2023, Housing NM celebrated the grand opening of Casa de Sierra, a property in southeast Albuquerque. Thanks to the $10,017,170 in federal low-income housing tax credits (LIHTC) awarded by Housing NM in 2020...

June 21, 2023

Kit Carson Electric Cooperative, Inc. 118 Cruz Alta Road, Taos, NM

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Housing NM Supports New Construction of 61 Affordable Units for Families in Albuquerque

20 Jun, 2023
On June 6, 2023, Housing NM participated in the groundbreaking of Calle Cuarta, one of the latest Low-Income Housing Tax Credit (LIHTC) awarded projects. Housing NM awarded $13,110,053 through tax credits and funded ...

Housing NM Awards $2 Million for Acquisition and Rehabilitation of Recovery Housing Across New Mexico

13 Jun, 2023
The Housing NM Board of Directors recently approved two awards of $969,499 to Hozho Center for Personal Enhancement and $1,144,213 to Crossroads for Women for the Recovery Housing Program (RHP).

Housing NM Offers Below Market Interest Rate for New Mexicans Entering Housing Market

13 Jun, 2023
Housing NM offers mortgage interest rates as low as 5.875%* for the FirstHome Government mortgage loan program, which has shown to be substantially lower than current market rates.

Housing NM Awards $53 Million for Affordable Workforce Housing Construction and Rehabilitation Across New Mexico

13 Jun, 2023
On May 17, 2023, The Housing NM Board of Directors approved $53 Million in Low-Income Housing Tax Credits (LIHTC) for the new construction and rehabilitation of affordable housing across New Mexico.

2023 Rent and Income Limits (HTF)

https://housingnm.org/uploads/documents/2023_Rent_and_Income_Limits_(HTF).pdf

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2023 Rent and Income Limits (HOME)

https://housingnm.org/uploads/documents/2023_Rent_and_Income_Limits_(HOME).pdf

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Targeted Areas Fillable Spanish Factsheet

https://housingnm.org/uploads/documents/TargetedAreas_SPA_Fillable_2023.pdf

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Targeted Areas Fillable English Factsheet

https://housingnm.org/uploads/documents/TargetedAreas_ENG_Fillable_2023.pdf

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Targeted Areas Spanish Factsheet

https://housingnm.org/uploads/documents/TargetedAreas_SPA_Non-Fillable_2023.pdf

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Targeted Areas English Factsheet

https://housingnm.org/uploads/documents/TargetedAreas_ENG_Non-Fillable_2023.pdf

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2023 Rent and Income Limits (LIHTC, TCAP, TCEP, RS)

https://housingnm.org/uploads/documents/2023_IncomeLimitsAndRents.pdf

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2023 Rent and Income Limits (RTC)

https://housingnm.org/uploads/documents/2023_FDIC_Income___Rents_MFA.pdf

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Housing NM Supports Village of Ruidoso in Creating Workforce Housing for Wildfire Victims

22 May, 2023
Housing NM participated in a ribbon cutting for the celebration of the newest housing development in Ruidoso, Mechem Meadows - a project that Housing NM provided a $400,000 no-interest loan to in June of 2022.

2023 Income Limits (Section 8, Section 811)

https://housingnm.org/uploads/documents/FY2023_Section_8_Income_Limits.pdf

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HOME Rehab NOFA Training

1381 | 2023-05-18 | Pages |

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HOME Rehab NOFA 2023

1380 | 2023-05-17 | Pages |

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Housing NM Receives $1.3 Million from NM Gas Co. for Home Energy Efficiency Improvements

15 May, 2023
Housing NM recently received an additional $1,300,000 in funding from New Mexico Gas Company for the New Mexico Energy$mart Weatherization Program.

Single Family Bond Disclosure - March 31, 2023

https://housingnm.org/uploads/documents/3-31-23_NCSHA.zip

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Housing NM Launches New Program to Rehabilitate and Resell Vacant and Abandoned Single Family Homes

8 May, 2023
The Board of Directors for Housing NM recently approved the Restoring Our Communities (ROC) Program to reduce vacant and abandoned homes in communities across New Mexico.

For Sale: Otero Village

2 May, 2023
Otero Village, a 40-unit affordable property in Alamogordo, is available for sale. Property and financial details can be found in the attached offering memorandum.

Housing New Mexico Awards $7.3 Million in Funding to Help Create and Preserve Affordable Housing throughout New Mexico

2 May, 2023
The Board of Directors for the Housing New Mexico recently approved $7.3 million in New Mexico Housing Trust Fund (NMHTF) funding awards to help create and preserve affordable housing for more than 400 families across...

Housing Directory

1371 | 2023-04-25 | Pages |

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Housing New Mexico Launches HomeForward Mortgage and Down Payment Assistance Loan Program for Homebuyers

14 Apr, 2023
To expand homeownership opportunities for low-and-moderate-income New Mexicans, Housing New Mexico recently launched HomeForward, a competitive-rate mortgage and down payment assistance program for homebuyers.

TEFRA NOTICE OF PUBLIC HEARING

1368 | 2023-04-05 | Pages |

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Housing New Mexico Awards $10.5 Million in Funding for Energy Efficiency Upgrades and Repairs to Homes Across New Mexico

31 Mar, 2023
The Board of Directors for the Housing New Mexico recently approved annual Energy$mart contracts for service providers to provide $10.5 million in energy efficiency upgrades and emergency repairs for low-income households.

HomeForward Second Mortgage Loan Fillable English Factsheet

https://housingnm.org/uploads/documents/HomeForward_Second_ENG_Fillable.pdf

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HomeForward First Mortgage Loan Fillable English Factsheet

https://housingnm.org/uploads/documents/HomeForward_First_ENG_Fillable.pdf

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HomeForward Second Mortgage Loan English Factsheet

https://housingnm.org/uploads/documents/HomeForward_Second_ENG_Nonfillable.pdf

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HomeForward First Mortgage Loan English Factsheet

https://housingnm.org/uploads/documents/HomeForward_First_ENG_Nonfillable.pdf

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Housing New Mexico Awards $2.2 Million in Funding to Help Create and Preserve Affordable Housing throughout New Mexico

20 Mar, 2023
The Board of Directors for the Housing New Mexico recently approved $2.2 million in New Mexico Housing Trust Fund (NMHTF) funding awards to help create and preserve affordable housing for more than 100 households across New Mexico.

Governor Signs Legislation to Provide Millions in Funding to Address Affordable Housing Crisis in New Mexico

17 Mar, 2023
On Wednesday, March 15, Governor Michelle Lujan Grisham signed into law Senate Bill 381, bipartisan legislation that will provide an estimated $37 million in funding this year to the New Mexico Housing Trust Fund, which is administered by Housing New Me...

HOPWA Request for Proposals

1353 | 2023-03-17 | Pages |

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Housing New Mexico 2022 Annual Report Highlights Impact of Collaboration in Addressing Housing Crisis

27 Feb, 2023
2022 was a pivotal year for the Housing New Mexico, since Housing New Mexico led the development of a statewide housing strategy, helped advance permanent funding for affordable housing, and assisted 18,572 New Mexicans with housing services.

Single Family Bond Disclosure - December 30, 2022

https://housingnm.org/uploads/documents/12-31-22_NCSHA.zip

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Housing New Mexico-Funded Affordable Housing Development Breaks Ground in Laguna, NM

2 Feb, 2023
About a year after receiving $936,397 in Low-Income Housing Tax Credit (LIHTC) funding from Housing New Mexico, the $15-million, 20-unit Laguna #3 affordable housing project broke ground Tuesday, Jan. 31, on the Laguna Pueblo i

DownPaymentAdvantage Fillable Factsheet English

https://housingnm.org/uploads/documents/DPAdvantage_ENG_Fillable_2_23.pdf

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Raúl Torrez and Laura Montoya Join New Mexico Mortgage Finance Authority Board

25 Jan, 2023
New Mexico Attorney General Raúl Torrez and New Mexico State Treasurer Laura M. Montoya have joined the Housing New Mexico Board of Directors as Ex-officio members, after being recently elected to their leadership roles in the stat

January 18, 2023

Inn and Spa at Loretto, 211 Old Santa Fe Trail, Santa Fe, NM

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Resources and Contact

1334 | 2023-01-06 | Pages |

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Preservation FAQs

1333 | 2023-01-06 | Pages |

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NM Preservation Data

1332 | 2023-01-06 | Pages |

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NM Housing Preservation Network

1331 | 2023-01-06 | Pages |

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NM Affordable Futures

1330 | 2023-01-06 | Pages |

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DownPaymentAdvantage English Factsheet

https://housingnm.org/uploads/documents/DownPaymentAdvantage_Dec_2022.pdf

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Housing New Mexico Adds Two Industry Professionals to Low-Income Housing Tax Credit Allocation Review Committee

19 Dec, 2022
The Housing New Mexico Board recently approved the addition of Edward Archuleta and Ken Carson Jr. to the Low-Income Housing Tax (LIHTC) Credit Allocation Review Committee.

2022 Annual Owner Certification of Continuing Program Compliance (LIHTC)

https://housingnm.org/uploads/documents/2022_Annual_Owner_Certification_of_Continuing_Program_Compliance_(LIHTC).pdf

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Housing New Mexico Hosts Annual NM Energy$mart Weatherization Day

2 Dec, 2022
As part of National Weatherization Day—celebrated nationally each year on Oct. 30—Housing New Mexico staff and partners highlighted new energy-efficiency upgrades to an Albuquerque home that are expected to generate more than $12,5

Housing New Mexico Board Approves $9.7 million in Funding for Affordable Housing Developments in Lordsburg and Albuquerque

28 Nov, 2022
The Housing New Mexico Board recently approved $1.8 million in funding for a 100-unit Albuquerque affordable housing development and approximately $7.9 million in funding for a new 30-unit permanent support housing development in L

HomeNow Fillable English Factsheet

https://housingnm.org/uploads/documents/HomeNow_ENG_Fillable_Oct2022.pdf

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FirstHome and FirstDown Fillable English Factsheet

https://housingnm.org/uploads/documents/FirstHome_Down_ENG_Fillable_Oct2022.pdf

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HomeNow English Factsheet

https://housingnm.org/uploads/documents/HomeNow_ENG_Non-Fillable_Oct2022.pdf

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FirstHome and FirstDown English Factsheet

https://housingnm.org/uploads/documents/FirstHome_Down_ENG_NonFillable_Oct2022.pdf

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2023 Mandatory Design Standards for Multifamily Housing

https://housingnm.org/uploads/documents/2023_Mandatory_Design_Standards_for_Multifamily_Housing_1.pdf

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Single Family 2022 Series E Official Statement

https://housingnm.org/uploads/documents/Single_Family_2022_Series_E_Official_Statement.pdf

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Single Family Bond Disclosure - September 30, 2022

https://housingnm.org/uploads/documents/9-30-22_NCSHA.zip

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Housing New Mexico Increases Limits for Down Payment Assistance Programs

3 Nov, 2022
To offer more down payment assistance to low-and-moderate-income homebuyers, the Housing New Mexico recently revised its FirstDown, down payment assistance program, to offer qualified homebuyers up to four percent of a home’s purch

NOTICE OF PUBLIC HEARING

1292 | 2022-10-25 | Pages |

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West Berry Senior Apartments Break Ground

20 Oct, 2022
The West Berry Senior Apartments, an affordable housing development supported in large part by Housing New Mexico, broke ground earlier this month. The project will create 56 units in Hobbs, NM, for low-income seniors.

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