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Searched for affordable housing. Total results: 87.
Governor Proclaims May “Affordable Housing Month”
New Mexico Housing Needs Assessment
Archived Meeting Minutes
|9-22-21 Webinar Intro to Affordable Housing Agenda
RTC Properties
Forms ||596|597|598|599|600|601|602|603|604| Affordable Housing Program Manual Affordable Housing Program Manual || Rent and Income Limits 1550||1388|
MFA Allocates $88 Million in Low Income Housing Tax Credits To Fuel Affordable Housing Developments in New Mexico
Affordable Housing Act
…State Legislature created the Affordable Housing Act (2004)- or the Act- as an exception to the anti-donation clause in the New Mexico Constitution to allow local governments and other political subdivisions to put resources towards affordable housing acquisition, development, financing, maintenance and operation. Essentially the Act permits public-private partnerships for…
MFA Awards $53 Million for Affordable Workforce Housing Construction and Rehabilitation Across New Mexico
MFA-Funded Affordable Housing Development Breaks Ground in Laguna, NM
MFA Board Approves $9.7 million in Funding for Affordable Housing Developments in Lordsburg and Albuquerque
MFA 2022 Annual Report Highlights Impact of Collaboration in Addressing Housing Crisis
MFA Awards $7.3 Million in Funding to Help Create and Preserve Affordable Housing throughout New Mexico
MFA Awards $2.2 Million in Funding to Help Create and Preserve Affordable Housing throughout New Mexico
Resources and Contact
…by the Public and Affordable Housing and Research Corporation and the National Low Income Housing Coalition National Council of State Housing Agencies (NCSHA): Preservation National Housing Law Project: Resources – LIHTC Preservation and Compliance National Housing Law Project: Resources – Saving Rural Rental Homes National Housing Preservation Database (NHPD) National…
Support affordable housing and receive a state tax credit for half of the donation through the New Mexico State Tax Credit Program
Overview of the Affordable Housing Act
What is the Affordable Housing Act (AHA)? The New Mexico State Legislature passed the Affordable Housing Act in 2004 (and amended it in 2015) as an exception to the anti-donation clause in the New Mexico Constitution to allow local governments- and other political subdivisions- to put resources towards affordable housing…
Notice of Public Comment on Amendment to Affordable Housing Act
…Amendment to the MFA Affordable Housing Act Rules. To access a copy of the proposed Amendment, please click the link below. Comments can be sent to jcarmona@housingnm.org and must be received by MFA no later than 5 p.m. Mountain Time on June 27, 2023. Affordable Housing Act Rules Amendment &…
Addressing New Mexico’s Affordable Housing Crisis: MFA’s State Tax Credit Program Offers Hope and Incentives
MFA Announces More Than $6 Million in Tax Credit Funding for Rental Housing Projects
New Mexico Mortgage Finance Authority’s Restoring Our Communities Program helps to restore vacant houses and provide affordable housing opportunities
Passage of Senate Bill 134 Set to Help MFA Address Growing Affordable Housing Needs
RFPs, RFQs & NOFAs
Third Party Code of Conduct |1083|1093|1225| Business Travel and Meal Expenses Policy |1092|
NOFA Housing Innovation Program
About the Program The Housing Innovation Program offers a resource for eligible applicants to fund housing projects for which there is a lack of other funding sources and an unmet need. The intention of this program is to spur innovative housing projects and create an opportunity to test novel housing…
Governor Signs Legislation to Provide Millions in Funding to Address Affordable Housing Crisis in New Mexico
MFA History
…physical inspections for 18,240 affordable units at 277 apartment communities across the state. The department also processes approximately $32.6 million in project-based Section 8 rental assistance for 5,230 low-income households every year. In 2004 and 2005, the state legislature passed several pieces of legislation that further expanded MFA’s role as…
New Mexico Mortgage Finance Authority unveils its 2023 Top Metro and Rural Mortgage Lenders who are fueling affordable housing
Affordable Housing Plans and Ordinances
…government may make an affordable housing donation, it must have an MFA-approved Affordable Housing Plan and Ordinance. Affordable Housing Plans may be included within an entity’s comprehensive plan or be stand-alone documents. Multiple entities, both county and municipality, may develop a joint plan so long as data and recommendations are…
NM Affordable Futures
What is NM Affordable Futures? NM Affordable Futures, spearheaded by the New Mexico Mortgage Finance Authority (MFA), is the state of New Mexico’s official, coordinated housing affordability preservation program. Through NM Affordable Futures, MFA aims to protect affordable housing units within the state of New Mexico, thereby working to ensure…
Bond Investors
Thank you, bond investors, for helping us make affordable housing a reality. On this page you can access official statements, disclosure data, financial statement audits and other useful information.
New Mexico Mortgage Finance Authority celebrates groundbreaking ceremonies for MFA-funded multifamily developments, fueling the growth of affordable housing in the state
Ventana Fund
…early stage financing for affordable housing in New Mexico’s underserved communities. Ventana Fund is a Certified Development Financial Institution (CDFI) established in 2014 to meet the critical need for an increased supply of early stage financing for affordable housing construction and rehabilitation projects in New Mexico. It is a 501(c)(3)…
New Mexico Mortgage Finance Authority Board of Directors approves $2.8 million for Encino Gardens from New Mexico Housing Trust Fund and HOME funding
Housing Innovation Notice of Funding Availability NOFA
…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…
New Mexico Mortgage Finance Authority Board of Directors approves $3.3 million for La Serena Apartments from New Mexico Housing Trust Fund and other funding sources
CPF Affordable Housing in New Mexico’s Fire Affected Counties NOFA
Documents: CPF Affordable Housing in New Mexico’s Fire Affected Counties NOFA.pdf CPF Affordable Housing in New Mexico’s Fire Affected Counties Exhibit A Application.pdf
The New Mexico Housing Strategy
The Housing Strategy leads the state, New Mexico local governments, and private and nonprofit partners toward the highest impact actions to address challenges in: Producing housing across the income continuum; Preserving and improving existing affordable housing, both privately and publicly owned, and redeveloping underutilized and vacant properties to increase supply…
Affordable Housing Act Oversight and Monitoring
Governmental Entities are required to report yearly any donations that they make under the Act. How the Process Works MFA sends out a one-page form to be completed in the Fall of every year asking governmental entities to report their donations under the Act during the federal fiscal year. AH…
MFA Newsletter - July 2023
MFA Supports New Construction of 61 Affordable Units for Families in Albuquerque
Calendar
September – Affordable Housing Development Financing Session Level: Intermediate The Affordable Housing Development Financing cannot offer a thorough overview and instead invites individuals with expertise in affordable housing development to review an aspect of their most recent project. In addition, partners and allies are invited to provide information on accessing…
Handbooks and Guides
…Requirements of Subsidized Multifamily Housing Programs HUD 4065.1, Previous Participation (HUD-2530) Handbook HUD 4370.1, Reviewing Annual and Monthly Financial Reports HUD 4370.2, Financial Operations and Accounting Procedures for Insured HUD 4381.5, The Management Agent Handbook HSF-06-01 Special Claims Processing Guide Tenant Rental Assistance Certification System 〈TRACS〉 202D MAT Guide Section…
Find Housing and Assistance
…home or for specialized housing? Choose from the options below to find an affordable apartment community that will meet your needs. If you are in need of emergency housing or homelessness assistance, search the options below to find someone in your area who can help. For immediate assistance, contact the…
MFA Supports Preservation and Rehabilitation of 188 Affordable Units for Seniors
Data Sources and Links to Housing Research
NM Real Estate Data http://www.nmrealtor.com/housing-trends The REALTORS® Association of New Mexico (RANM) is a state-wide trade association representing nearly 5,500 members involved in all aspects of the residential and commercial real estate markets throughout New Mexico. RANM provides the latest housing trends and statistical reports, with some data organized by…
Apply for State Tax Credits for Your Development
Affordable housing developers may apply to MFA for state tax credit allocations, which they then award to individuals and businesses who donate to their affordable housing projects. Eligible applicants include nonprofit or for-profit developers as well as governmental and tribal instrumentalities that plan to solicit donations for the development of…
West Berry Senior Apartments Break Ground
Housing New Mexico
…Mexicans will have quality affordable housing opportunities. |||Our Mission|MFA is New Mexico’s leader in affordable housing. We provide innovative products, education and services to strengthen families and communities. |||Our Core Values|Responsive: To meet New Mexico’s needs, MFA optimizes resources, cultivates partnerships and makes our programs accessible. Professional: MFA upholds high…
MFA History
…of the Low Income Housing Tax Credits program and HOME funding from the state's housing department to MFA during the 1997 legislative session. The legislation passed, but, inexplicably, Gov. Gary Johnson then line-item vetoed the transfer. Within a few days of the veto, MFA board president Jon Word and MFA's…
New Mexico Housing Trust Fund
…Provide flexible funding for housing initiatives that will provide affordable housing primarily for persons or households of low or moderate income. Eligible Borrowers Nonprofit organizations, for-profit organizations, governmental housing agencies, regional housing authorities, governmental entities, governmental instrumentalities, tribal governments, tribal housing agencies and other entities as outlined in the Notice…
Development 101
…the basics of the affordable housing development process including deal structuring, managing timelines and putting together a development team. Finance training materials utilize case studies and hands-on exercises. Also included in the trainings are MFA rental and homeownership development funding programs as well as Low Income Housing Tax Credit and…
Donate Directly to Affordable Housing Developments and Receive State Tax Credits
Affordable Housing Donations State tax credits are available to individuals and businesses that provide donations to help build affordable housing in New Mexico. The credit is equal to up to 50 percent of the value of the donation. Donations may include land, buildings, money, or services. Donations may be made…
MFA History
…the nation were establishing housing agencies in order to take advantage of federal tax-exempt bonding authority for affordable housing. Discussions about establishing an agency in New Mexico began in 1974 when a lawyer in New York, Robert Amdursky, helped create the first housing finance agencies in a handful of southern…
MFA History
…organization that provides quality affordable housing for more than 18,000 New Mexico households throughout New Mexico every year. The last three years have been record-breaking in terms of new homebuyers and assets under management. In 2021, MFA completed a building renovation to create additional workspaces for our growing staff and…
Restoring Our Communities Program
Donate to the Charitable Trust and Receive State Tax Credits
…donations to help build affordable housing in New Mexico. The credit is equal to up to 50 percent of the value of the donation. Donations may include land, buildings, money or services. Donations may be made directly to an affordable housing development that has been approved by MFA or to…
Affordable Rental Properties
…rental properties are called “affordable” when residents are required to meet certain income criteria in order to live at the property and when rental rates are set at or below the average rate for similar properties in the area. Income criteria and rental rate guidelines are updated each year by…
About the Coalition
…of the Navajo Nation. Affordable housing challenges on tribal lands are prevalent and distinct. Tribal communities contain a variety of housing types, from HUD housing to aging traditional homes built from native materials and techniques. However, many homes suffer from deteriorating infrastructure or lack basic infrastructure such as plumbing. More…
General Loans, Grants and Funding Opportunities
…at-risk of exiting the affordable housing stock, providing opportunities for the preservation of affordable housing in the state of New Mexico. The NM Preservation Loan Fund is available to owners, developers, and other partners seeking funding for a wide array of preservation-oriented needs. This includes rehabilitation funding for owners struggling…
New Mexico Housing Trust Fund
…Provide flexible funding for housing initiatives that will provide affordable housing primarily for persons or households of low or moderate income. Eligible Borrowers Nonprofit organizations, for-profit organizations, governmental housing agencies, regional housing authorities, governmental entities, governmental instrumentalities, tribal governments, tribal housing agencies and other entities as outlined in the Notice…
Developer Meeting Request Form
…all finance inquiries from affordable housing development organizations. Whether you are a newly formed organization and would like to schedule a meet and greet or are an experienced developer interested in MFA’s multifamily funding programs. Please fill out our form below to tell us about your organization and your project.…
New Mexico Preservation Loan Fund
…at-risk of exiting the affordable housing stock, providing opportunities for the preservation of affordable housing in the state of New Mexico. The NM Preservation Loan Fund is available to owners, developers, and other partners seeking funding for a wide array of preservation-oriented needs. This includes rehabilitation funding for owners struggling…
MFA History
…programs, which include the Housing Opportunity Fund and Primero, are still in use today and provide funding down payment assistance and construction loans. The refunding marked the beginning of other growth for the agency including: Creation of the Partners Program, which is used to purchase mortgages from nonprofit housing organizations…
Primero Loan Program
…finance the development of affordable rental or special needs residential facilities that would be considered "high risk" by traditional lenders. The purpose of the program is to leverage other public and private funds and to expand the housing development capacity of New Mexico's nonprofit, tribal and public agency housing providers.…
Manufactured/Mobile Home Survey
…in creating safe and affordable housing opportunities in New Mexico. THIS SURVEY IS NOW CLOSED. The gift card winner will be contacted by May 30, 2024. Complete this survey for a chance to win a $100 Visa gift card! This Manufactured/Mobile Home Community Outreach Survey is to assist New Mexico…
Primero Loan Fund
…finance the development of affordable rental or special needs residential facilities that would be considered "high risk" by traditional lenders. The purpose of the program is to leverage other public and private funds and to expand the housing development capacity of New Mexico's nonprofit, tribal and public agency housing providers.…
Preservation Program Manager
Job Description: The Housing Development Department has an opening for a Preservation Program Manager. This position manages and oversees the Housing Development Department’s preservation efforts for existing and rehabilitation projects. This includes managing requests to modify and/or restructure Land Use Restriction Agreements (LURA) and/or loans to ensure continued financial feasibility,…
National Housing Trust Fund
Purpose Provide a housing production program that will complement existing federal, state, and local efforts to increase and preserve the supply of decent, safe, and sanitary affordable housing for households whose incomes do not exceed the greater of 30% Area Median Income (AMI) or the federal poverty line (collectively defined…
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…
MFA History
…battle to create a housing finance authority had just begun. The State’s Attorney General at the time launched an all-out effort to stop the bonding process, which was crucial to MFA’s mission to provide affordable mortgage loans to low-income New Mexicans. There was also wrangling over if MFA was a…
NOTICE OF PUBLIC HEARING AND PUBLIC COMMENT PERIOD FOR THE DRAFT 2023 ANNUAL ACTION PLAN
…federal funding appropriated for housing and community development activities that benefit low and moderate income persons throughout the State of New Mexico. This federal funding includes the following programs: HOME Investment Partnerships (HOME), Community Development Block Grant (CDBG), Emergency Solutions Grants (ESG), Housing Opportunities for Persons with AIDS (HOPWA) and…
Intern - Community Development Department
…the team that provides affordable housing opportunities to New Mexicans Statewide. New Mexico Finance Authority (MFA) has an opening within the Community Development Department for an Intern. MFA’s Internship Program is a 10-12 week training and mentorship program and is designed for students majoring in business, or finance who have…
Program Analyst I
…the team that provides affordable housing opportunities to New Mexicans statewide. New Mexico Finance Authority (MFA) has an opening within Asset Management Department for a Program Analyst I . The responsibilities of the Program Analyst I are to monitor Low-Income Housing programs for compliance and property management activities. Consult on…
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…
Resident Resources
…provide decent, safe and affordable housing for their residents. In order to do their job well, the information they receive from residents about repairs or other health and safety needs on property is valuable. MFA supports the efforts of owners and managers. However, we realize there are times when resident…
NOFA State and Local Fiscal Recovery Funds
…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…
Notice Of Public Hearing And 30 Day Public Comment Period For The Draft 2022 Annual Action Plan
…federal funding appropriated for housing and community development activities that benefit low and moderate income persons throughout the State of New Mexico. This federal funding includes the following programs: HOME Investment Partnerships (HOME), Community Development Block Grant (CDBG), Emergency Solutions Grants (ESG), Housing Opportunities for Persons with AIDS (HOPWA) and…
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…
538 Guaranteed Rural Rental Housing Program
…and permanent loans for affordable rental developments in an eligible rural area. Eligible Borrowers Individuals, corporations, state or public agencies or instrumentality thereof, partnerships, limited liability companies, trusts and Indian tribes. Eligible Projects New construction, substantial rehabilitation or acquisition of projects having no less than five units per site. Must…
RFP To Provide External Audit Services
…the purpose of financing affordable housing for low- and moderate-income New Mexico residents. Purpose The purpose of this Request for Proposals (RFP) is to solicit proposals, in accordance with the New Mexico Mortgage Finance Authority Procurement Policy, from qualified firms which by reason of their skill, knowledge, and experience are…
Human Resources Assistant
…the team that provides affordable housing opportunities to New Mexicans Statewide. New Mexico Finance Authority (MFA) has an opening within the Human Resources Department for a Human Resources Assistant. Human Resources Assistant primary responsibility is to assist in the full circle recruiting process. In addition, the assistant will serve as…
Request for Proposals To Provide Re-Roof Construction Services
Contact Person: Proposal Documents (RFP, construction drawings, & specifications) may be obtained from the Design Professional of Record as follows: Design Professional of Record: Mullen Heller Architecture, P.C. Douglas Heller, AIA Address: 1718 Central Avenue SW, Suite D Albuquerque, NM 87104 Telephone: 505.268.4144 Email: doug@mullenheller.com Proposal Submission and Due Date:…
Bond Financing
…Exempt Bond Financing for Affordable Rental Housing General: MFA will provide bond financing for multifamily housing developments through the following mechanisms: Using Private Activity Bond Volume Cap (PABVC) multifamily project allocations from the State Board of Finance ("SBOF") for new tax exempt bond issues; Refunding outstanding bond issues; or Issuing…
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…
Request for Proposals To Provide Construction Services
Contact Person: Proposal Documents (RFP, construction drawings, & specifications) may be obtained from the Design Professional of Record as follows: Design Professional of Record: Mullen Heller Architecture, P.C. Douglas Heller, AIA Address: 1718 Central Avenue SW, Suite D Albuquerque, NM 87104 Telephone:(505)268-4144 Email: doug@mullenheller.com Proposal Submission and Due Date: The…
Six Steps to Savvy Homebuying
…by registering for this affordable online class: http://ehomeamerica.org/nmmfa Two people can register and take the class together but pay only one fee of $45. It takes most people anywhere from six to eight hours to complete the course, but it doesn’t have to be done in one session. Once registered,…