Bond-Financed Low Income Housing Tax Credits (4%)
Housing New Mexico | MFA
Non-competitive federal tax credits for rental projects financed with private activity bonds.
Approximately 30 percent equity for a new or existing project
Confirm with agencyTax creditHousing, Community and Economic Development
The catch: Bonds must be used during construction and must not exceed the greater of 30% of aggregate basis or the permanent first-lien mortgage; the acquisition credit is excluded from the 130% basis boost; standard LIHTC use restrictions apply.
Next deadline: Varies — check official page · Non-competitive; applications are made with private activity bond financing under the current 4% QAP.
Eligibility, how to apply, match, contact
- Eligibility
- Developers of affordable rental projects in New Mexico that meet the LIHTC eligibility and low-income use restrictions and finance construction with private activity bonds above the required bond test.
- How to apply
- Direct application: submit Housing New Mexico's 4% LIHTC application under the current 4% QAP together with the private activity bond financing request.
- Applicant types
- Business, Nonprofit, Public Agency, Tribal Government
- Award size
- Approximately 30 percent equity for a new or existing project
- Funding source
- Federal
- Geography
- Statewide
Continuum of Care Match Program
Housing New Mexico | MFA
State homeless funds that help nonprofits meet the match on their HUD Continuum of Care grants.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic Development
The catch: Funded organizations draw funds through Housing New Mexico's request-for-reimbursement and online invoicing system under the Continuum of Care Performance Program Manual.
Next deadline: Varies — check official page · Ongoing for agencies with HUD Continuum of Care awards.
Eligibility, how to apply, match, contact
- Eligibility
- Nonprofit homeless service agencies in New Mexico that hold HUD Continuum of Care awards.
- How to apply
- Invite-only: funding goes to agencies in the HUD Continuum of Care process; contact the New Mexico Coalition to End Homelessness about that process.
- Applicant types
- Nonprofit
- Award size
- Varies — check official page
- Funding source
- State
- Disbursement
- Reimbursement(s)
- Geography
- Statewide
Emergency Homeless Assistance Program (EHAP)
Housing New Mexico | MFA
Funding for emergency shelters for youth, adults and domestic violence survivors, awarded by RFP.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic Development
The catch: Funded shelters follow the EHAP Program Manual and Housing New Mexico's ESG Written Standards.
Next deadline: Varies — check official page · Multi-year awards through periodic RFPs; the next RFP is expected in 2029.
Eligibility, how to apply, match, contact
- Eligibility
- Emergency shelter providers selected through Housing New Mexico's EHAP request for proposals.
- How to apply
- Direct application: respond to the EHAP request for proposals when issued; Housing New Mexico expects the next RFP in 2029.
- Applicant types
- Nonprofit
- Award size
- Varies — check official page
- Geography
- Statewide
HOME Rehabilitation Program
Housing New Mexico | MFA
Federal HOME funds for qualified providers to repair the homes of low-income homeowners.
Minimum subsidy of $1,000 per unit; no set per-project maximum, with an administrative award of up to 5% of each project award.
OpenGrantHousing, Community and Economic Development
The catch: All costs are paid by reimbursement with no advances; subrecipients run HUD-compliant procurement and Tier II environmental reviews, hold back 10% of the final contractor payment, and homeowners sign a 0% conditionally forgivable loan and restrictive covenant.
Next deadline: Rolling · Rolling; the NOFA stays open while funds remain and later applications are funded first come, first served.
Eligibility, how to apply, match, contact
- Eligibility
- Public and private nonprofit organizations, governmental housing agencies, regional housing authorities, tribal governments or housing agencies, and other entities that can contract with Housing New Mexico, with at least two years of experience and capacity to meet 24 CFR 92; homeowners cannot apply directly.
- How to apply
- Direct application: email the NOFA application and required documents as one PDF to Housing New Mexico to qualify as a subrecipient; approved subrecipients then submit individual project packages for reservation.
- Applicant types
- Nonprofit, Public Agency, Tribal Government
- Award size
- Minimum subsidy of $1,000 per unit; no set per-project maximum, with an administrative award of up to 5% of each project award.
- Funding source
- Federal
- Disbursement
- Reimbursement(s)
- Geography
- Statewide
- Submit via
- email: [email protected];
Housing Opportunities for Persons with AIDS (HOPWA)
Housing New Mexico | MFA
Federal funds to regional providers for housing assistance for low-income people living with HIV/AIDS.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic DevelopmentHealth & Human Services
The catch: Providers follow the HOPWA Program Manual and HUD HOPWA rent and income limits.
Next deadline: Varies — check official page · Ongoing through designated regional providers.
Eligibility, how to apply, match, contact
- Eligibility
- Regional service providers selected by Housing New Mexico; currently Southwest CARE Center, El Camino Real Housing Authority and Alianza of New Mexico, serving clients with an HIV/AIDS diagnosis below 80% of area median income.
- How to apply
- Invite-only: Housing New Mexico funds selected regional HOPWA providers; the program page lists the current providers and no open application.
- Applicant types
- Nonprofit, Public Agency
- Award size
- Varies — check official page
- Funding source
- Federal
- Geography
- Statewide, in three service regions
Landlord Collaboration Program (Youth)
Housing New Mexico | MFA
Reimburses landlords who rent to young adults at risk of homelessness for damage, vacancy loss and upgrades.
Up to $3,000 for damages, up to one month of vacancy loss, up to $1,000 for needed improvements and up to $500 in flexible funds.
OpenGrantHousing, Community and Economic Development
The catch: Claims must start within 60 days of the tenant leaving; damage and vacancy claims must exceed the security deposit, and the unit cannot be re-rented during the vacancy-loss month.
Next deadline: Rolling · Rolling; claims are reviewed case by case.
Eligibility, how to apply, match, contact
- Eligibility
- Landlords renting to young people served by housing providers in Northern New Mexico and the Albuquerque metro area.
- How to apply
- Direct application: file a Claim for Reimbursement through the Landlord Liaison with invoices, receipts, photos and a W-9, during the tenancy or within 60 days after the young tenant moves out.
- Applicant types
- Business, Individual
- Award size
- Up to $3,000 for damages, up to one month of vacancy loss, up to $1,000 for needed improvements and up to $500 in flexible funds.
- Disbursement
- Reimbursement(s)
- Geography
- Northern New Mexico and the Albuquerque metro area
- Contact
- name: Martha Armijo; email: [email protected]; tel: 505-532-1697;
Linkages Permanent Supportive Housing Program
Housing New Mexico | MFA
State-funded rental assistance and services run through regional housing and support-services administrators.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic DevelopmentHealth & Human Services
The catch: Housing administrators must ensure units meet housing quality standards and rent limits and handle landlord payments and tenant rent shares under the Linkages Program Policy and Procedures Manual.
Next deadline: Varies — check official page · Ongoing through designated administrators.
Eligibility, how to apply, match, contact
- Eligibility
- Qualified housing administrators and supportive services administrators selected by Housing New Mexico and BHSD; participants are extremely low-income adults with a serious mental illness who are homeless or at risk.
- How to apply
- Invite-only: Housing New Mexico and BHSD contract with designated housing and supportive services administrators; the page lists current administrators and no open application.
- Applicant types
- Nonprofit
- Award size
- Varies — check official page
- Funding source
- State
- Geography
- Statewide (administrators by county)
Low Income Housing Tax Credits (9% Competitive Round)
Housing New Mexico | MFA
Federal tax credits that raise equity for building or rehabilitating affordable rental housing.
Varies — check official page
OpenTax creditHousing, Community and Economic Development
The catch: Units must stay rent- and income-restricted for at least 30 years and are monitored annually; the final credit amount is set when the project is complete, and awardees owe processing fees, reservation contracts, carryover and 10% test submissions on the QAP calendar.
Next deadline: Jan 20, 2027 · Annual competitive round; for the 2027 round, Intent to Submit notices are due December 21, 2026, the application opens January 5, 2027 and applications are due at noon January 20, 2027, with Board approval of awards on May 19, 2027.
Applicant tip: Submit FAQ questions before the January 12, 2027 cutoff on the LIHTC Applications FAQ 2027 page; answers there bind the round.
Eligibility, how to apply, match, contact
- Eligibility
- Developers of permanent, year-round rental housing in New Mexico that is open to the general public and agrees to a low-income use restriction (for example 20% of units at 50% of area median income or 40% at 60%) with restricted rents for at least 30 years.
- How to apply
- Direct application: file a Notice of Intent to Submit and development synopsis, then submit the 9% LIHTC application (with any Housing New Mexico loan applications) under the current QAP by the round deadline.
- Applicant types
- Business, Nonprofit, Public Agency, Tribal Government
- Award size
- Varies — check official page
- Funding source
- Federal
- Geography
- Statewide
National Housing Trust Fund
Housing New Mexico | MFA
Zero-interest federal loans for rental units reserved for extremely low-income households.
$400,000 per project limit; up to two-year construction term and minimum 30-year non-interest-bearing permanent loan with a $500 fixed annual payment.
OpenLoanHousing, Community and Economic Development
The catch: 100% of NHTF-funded units must be occupied by households at or below 30% AMI; guaranties are required if more than minimal funds are used in construction; Build America, Buy America rules apply.
Next deadline: Rolling · Rolling, by monthly Board meeting deadlines.
Eligibility, how to apply, match, contact
- Eligibility
- Nonprofit entities, for-profit entities, public housing agencies and tribally designated housing entities developing rental units for extremely low-income households.
- How to apply
- Direct application: submit a complete application at least 60 days before a regular Housing New Mexico Board meeting, or with a 9% or 4% LIHTC application when combined with tax credits.
- Applicant types
- Nonprofit, Business, Public Agency, Tribal Government
- Award size
- $400,000 per project limit; up to two-year construction term and minimum 30-year non-interest-bearing permanent loan with a $500 fixed annual payment.
- Funding source
- Federal
- Geography
- Statewide
New Mexico Affordable Housing Tax Credit Program
Housing New Mexico | MFA
State tax credit reservations that let affordable housing developers raise donations.
Maximum award is 25 percent of the credits available to Housing New Mexico in a calendar year (between $4 million and $5 million annually).
OpenTax creditHousing, Community and Economic Development
The catch: Developers may solicit donations only up to the reserved amount; completed single-family projects must stay affordable at least five years and multifamily projects at least 10 years.
Next deadline: Rolling · Rolling; reservations are awarded on a continuous, first-come, first-served basis subject to available credits.
Eligibility, how to apply, match, contact
- Eligibility
- Nonprofit or for-profit developers and governmental or tribal instrumentalities that plan to solicit donations for an affordable housing project approved by Housing New Mexico.
- How to apply
- Direct application: submit the state tax credit application (homeownership or multifamily) with the $250 application fee; Housing New Mexico issues a reservation letter to approved projects.
- Applicant types
- Nonprofit, Business, Public Agency, Tribal Government
- Award size
- Maximum award is 25 percent of the credits available to Housing New Mexico in a calendar year (between $4 million and $5 million annually).
- Funding source
- State
- Geography
- Statewide
New Mexico Housing Trust Fund
Housing New Mexico | MFA
Flexible low-rate loans for affordable rental and single-family housing for low- and moderate-income households.
Construction loans up to $3,000,000 ($4,000,000 for 4% LIHTC projects); permanent loans up to $2,000,000 ($3,000,000 for 4% LIHTC projects) for up to 40 years.
OpenLoanNo matchHousing, Community and Economic Development
The catch: Loans are hard debt, not cash-flow only; a guaranty is required when funds are used during construction; rental units must serve households at 60% AMI or less.
Next deadline: Rolling · Rolling, by monthly Board meeting deadlines.
Eligibility, how to apply, match, contact
- Eligibility
- Nonprofit and for-profit organizations, governmental housing agencies, regional housing authorities, governmental entities and instrumentalities, tribal governments and tribal housing agencies; rental units serve households at or below 60% of area median income and single-family homes households at or below 150%.
- How to apply
- Direct application: submit a complete application at least 60 days before a regular Housing New Mexico Board meeting (generally the third Wednesday of each month); requests tied to 9% or 4% tax credits go in with the LIHTC application.
- Applicant types
- Nonprofit, Business, Public Agency, Tribal Government
- Award size
- Construction loans up to $3,000,000 ($4,000,000 for 4% LIHTC projects); permanent loans up to $2,000,000 ($3,000,000 for 4% LIHTC projects) for up to 40 years.
- Funding source
- State
- Match
- Not Required
- Geography
- Statewide
- Statutory authority
- Housing Trust Fund Act
NM Energy$mart Weatherization Assistance Program
Housing New Mexico | MFA
Weatherization funding awarded to service providers that retrofit low-income homes at no cost to occupants.
Varies — check official page
OpenGrantEnergyHousing, Community and Economic Development
The catch: Subgrantees must follow 10 CFR 440, 2 CFR 200, the state Master and Annual Plans, the Energy$mart Administration Manual and NM Technical Standards, and serve households within the program income limits.
Next deadline: Nov 20, 2026 · Competitive RFPs in non-renewal years; the 2027-2032 Multifamily RFP was published September 21, 2026 with responses due November 20, 2026 and awards expected January 20, 2027.
Eligibility, how to apply, match, contact
- Eligibility
- Community action agencies, nonprofit organizations and local governments with the experience and capacity to perform weatherization work under 10 CFR 440 and Housing New Mexico's program standards.
- How to apply
- Direct application: respond to Housing New Mexico's Energy$mart request for proposals when issued; the current RFP seeks a multifamily weatherization provider for 2027-2032.
- Applicant types
- Nonprofit, Public Agency
- Award size
- Varies — check official page
- Funding source
- Federal and State
- Geography
- Statewide
Primero Investment Fund Loan Program
Housing New Mexico | MFA
Flexible, low-cost loans for affordable housing that existing financing can't accommodate.
Maximum loan amount of $3 million; availability of funds varies.
OpenLoanHousing, Community and Economic Development
The catch: Rental projects must set aside 40% of units at 60% AMI or 20% at 50% AMI; applicants must show other financing commitments or efforts to obtain them; terms are short (two years for multifamily construction, five for pre-development).
Next deadline: Rolling · Rolling; applications may be submitted at any time.
Eligibility, how to apply, match, contact
- Eligibility
- Public and tribal agencies and for-profit and nonprofit sponsors with businesslike operations and housing development experience (or an experienced development partner).
- How to apply
- Direct application: submit the Primero pre-development or development application package at any time; complete applications are normally decided within 60 days.
- Applicant types
- Public Agency, Tribal Government, Business, Nonprofit
- Award size
- Maximum loan amount of $3 million; availability of funds varies.
- Funding source
- Other
- Geography
- Statewide
Recovery Housing Program (RHP)
Housing New Mexico | MFA
HUD CDBG-funded awards to develop or maintain stable, temporary housing for people in recovery from substance use disorder.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic DevelopmentHealth & Human Services
The catch: Funds may be used only for stable, temporary housing for people in recovery under 24 CFR 570.201(c) or HCD Act section 105(a)(2); agencies must comply with HUD fair housing rules and have recovery housing as their primary mission.
Next deadline: Varies — check official page · NOFA rounds; the 2025 RHP NOFA and application are closed.
Eligibility, how to apply, match, contact
- Eligibility
- Local governments, public and private 501(c)(3) nonprofits and Indian tribes with a primary mission of providing recovery housing and the ability to offer recovery housing services, in any part of New Mexico including CDBG entitlement areas.
- How to apply
- Direct application: apply under Housing New Mexico's RHP Notice of Funding Availability when a round is open; the 2025 NOFA is closed.
- Applicant types
- Public Agency, Nonprofit, Tribal Government
- Award size
- Varies — check official page
- Funding source
- Federal
- Geography
- Statewide
Restoring Our Communities (ROC) Program
Housing New Mexico | MFA
Funding to buy, rehabilitate and resell vacant or abandoned homes to income-eligible buyers.
Housing New Mexico will administer $4 million for the initial ROC NOFA.
Confirm with agencyGrantHousing, Community and Economic Development
The catch: Rehabilitated homes must be resold to eligible low-moderate or middle-income homebuyers and meet the program's housing quality, building and energy efficiency standards.
Next deadline: Varies — check official page · Housing New Mexico is currently accepting applications from qualified service providers.
Eligibility, how to apply, match, contact
- Eligibility
- Public and private nonprofits, for-profit organizations, housing authorities, governmental entities, tribal governments and housing agencies, developers, builders and other entities that can sign a Performance Agreement with Housing New Mexico; individuals are not eligible.
- How to apply
- Direct application: submit the ROC service provider application under the open Notice of Funding Availability.
- Applicant types
- Nonprofit, Business, Public Agency, Tribal Government
- Award size
- Housing New Mexico will administer $4 million for the initial ROC NOFA.
- Geography
- Statewide
Section 811 Project Rental Assistance
Housing New Mexico | MFA
Project-based rent subsidies paid to property owners for units housing extremely low-income people with disabilities.
Varies — check official page
Confirm with agencyGrantHousing, Community and Economic DevelopmentHealth & Human Services
The catch: Owners sign a Rental Assistance Contract running at least 20 years (initial funding for five); no more than 25% of a property's units may be restricted to people with disabilities, 811 units must be dispersed, and Housing New Mexico recommends at least five 811 units per property.
Next deadline: Varies — check official page · Ongoing; properties join by agreement with Housing New Mexico.
Eligibility, how to apply, match, contact
- Eligibility
- Owners of new construction or rehabilitation projects that applied for Housing New Mexico multifamily financing (LIHTC, Risk Share, Housing Trust Fund, Primero, HOME/Rental), or of existing multifamily properties whose 811 units are not already restricted to people with disabilities or seniors and have had no long-term operating subsidy in the last six months.
- How to apply
- Direct application: property owners arrange participation with Housing New Mexico, generally alongside its multifamily financing, and sign an Agreement to Enter into a Section 811 Rental Assistance Contract.
- Applicant types
- Business
- Award size
- Varies — check official page
- Funding source
- Federal
- Geography
- Targeted counties are Bernalillo, Santa Fe and Doña Ana; other areas may be eligible if supportive services are available.
Zero Interest Homebuilder Program
Housing New Mexico | MFA
Interest-free construction and infrastructure financing for builders of entry-level homes.
Infrastructure development loans up to $3,000,000 (up to five years) and construction revolving lines of credit up to $3,000,000 (up to three years).
OpenLoanHousing, Community and Economic Development
The catch: Homes must meet the program's size, bedroom and design standards and sale-price limits (about $250,000-$325,000); projects sign a master Land Use Restriction Agreement and buyers face a resale compliance period of at least five years.
Next deadline: Rolling · Rolling, by monthly Board meeting deadlines.
Eligibility, how to apply, match, contact
- Eligibility
- Nonprofit and for-profit organizations, housing authorities, governmental entities and instrumentalities, tribal governments and housing agencies, builders and single-family developers that can contract with Housing New Mexico; homes are sold to buyers earning up to 150% of area median income.
- How to apply
- Direct application: submit the Single-Family Housing Development Program application at least 60 days before a regular Housing New Mexico Board meeting.
- Applicant types
- Nonprofit, Business, Public Agency, Tribal Government
- Award size
- Infrastructure development loans up to $3,000,000 (up to five years) and construction revolving lines of credit up to $3,000,000 (up to three years).
- Funding source
- State
- Geography
- Statewide