Low Income Housing Tax Credits (9%)
A highly competitive federal tax credit program administered by the New Mexico Mortgage Finance Authority (MFA) to stimulate private investment in the construction and rehabilitation of rental housing for low-income individuals and families. Offered by New Mexico Mortgage Finance Authority.
Key Facts
- Funder
- New Mexico Mortgage Finance Authority
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- New Mexico
- Categories
- Community Development
- Status
- Open
About This Grant
A highly competitive federal tax credit program administered by the New Mexico Mortgage Finance Authority (MFA) to stimulate private investment in the construction and rehabilitation of rental housing for low-income individuals and families. The 9% credit provides a significant portion (up to 70%) of the funding for new affordable housing developments. Projects must remain low-income housing for a minimum of 30 years.
Full requirements and application instructions: official listing.
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