National Housing Trust Fund
Housing New Mexico administers the federal National Housing Trust Fund (NHTF) to increase and preserve affordable rental housing for extremely low-income households (the greater of 30% of area median income or the federal poverty line). NHTF loans cover construction, rehabilitation, acquisition and related soft costs, generally at 0% interest, and every NHTF-funded unit is occupied by an extremely low-income household. Offered by New Mexico Mortgage Finance Authority; awards $400K.
Key Facts
- Funder
- New Mexico Mortgage Finance Authority
- Award amount
- $400K
- Deadline
- Rolling / not specified
- Geography
- New Mexico
- Status
- Open
About This Grant
Housing New Mexico administers the federal National Housing Trust Fund (NHTF) to increase and preserve affordable rental housing for extremely low-income households (the greater of 30% of area median income or the federal poverty line). NHTF loans cover construction, rehabilitation, acquisition and related soft costs, generally at 0% interest, and every NHTF-funded unit is occupied by an extremely low-income household. Award: $400,000 per project limit; up to two-year construction term and...
Full requirements and application instructions: official listing.
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