New Mexico Agency Awards $10 Million in Housing Trust Funds To Cover Infrastructure Costs

摘要

The New Mexico Mortgage Finance Authority (NMMFA) has awarded $10 million from the state's three-year-old housing trust fund to provide low-interest loans to cover infrastructure costs for single-family, multifamily, and transitional supportive housing developments. The projects include colonias and tribal housing and low-income housing tax credit developments. Affordable housing advocates were active in lobbying the state legislature to create the housing fund in 2005, and it has received $13 million in appropriations from the state general fund.