Zero Interest Homebuilder Program
The Zero Interest Homebuilder Program (ZIHP) offers interest-free construction financing through the New Mexico Housing Trust Fund to promote development and sale of entry-level, economical homes for low- and moderate-income homebuyers. Offered by New Mexico Mortgage Finance Authority; awards $3.0M.
Key Facts
- Funder
- New Mexico Mortgage Finance Authority
- Award amount
- $3.0M
- Deadline
- Rolling / not specified
- Geography
- New Mexico
- Status
- Open
About This Grant
The Zero Interest Homebuilder Program (ZIHP) offers interest-free construction financing through the New Mexico Housing Trust Fund to promote development and sale of entry-level, economical homes for low- and moderate-income homebuyers. Loans can cover on-site infrastructure for affordable single-family lots and construction of homes of 950 to 1,500 square feet with two or three bedrooms. Award: Infrastructure development loans up to $3,000,000 (up to five years) and construction revolving...
Full requirements and application instructions: official listing.
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