Production Highlights

Last year, MFA provided almost $240 million in low-interest financing, grants, and non-financial support for affordable housing and related services throughout New Mexico.

Homeownership Programs

• Using tax-exempt single family mortgage bonds, MFA financed 1,009 first-time homebuyer loans in excess of $124 million
• Provided $4 million in down payment assistance loans and grants
• MFA provided $4.6 million in funding for the rehabilitation of 104 owner-occupied homes
• Weatherized 3,667 homes at a cost of $15.8 million

Rental Housing Programs

• MFA provided $51.4 million in financing for the new construction and rehabilitation of 789 affordable rental units
• Processed $24.7 million in rental assistance payments for 5,318 Section 8 apartments occupied by low-income households

Targeted Initiatives

• Purchased and rehabilitated 54 foreclosed homes for a total of $12.5 million; resold 48 of the homes to low-income families
• Rehabilitated 35 homes located in tribal communities and 27 homes located in colonias
• Funded shelter and services for 8,735 individuals experiencing homelessness at a cost of $1.2 million