New Mexico Housing Trust Fund

The New Mexico Housing Trust Fund provides flexible funding for housing initiatives that provide affordable housing primarily for low- or moderate-income households, covering infrastructure, construction, acquisition and rehabilitation of affordable single-family or rental housing. Loans can be construction or long-term amortizing loans, in junior lien position for rental projects and first lien for single-family projects, at base rates of 1% to 3% depending on whether the project uses 9% or 4%...