Housing trust fund

The Department of Housing and Urban Development awarded the New Mexico Mortgage Finance Authority $3,134,373.20 under the Housing Trust Fund (CFDA 14.275) formula grant program on December 5, 2025, with a period of performance through December 5, 2032. The funding supports the production, preservation, and rehabilitation of rental housing for extremely low-income and very low-income households throughout New Mexico, with place of performance in Albuquerque, New Mexico. The Housing Trust Fund program distributes formula allocations to states to expand and preserve affordable rental housing stock. Grantees must submit an HTF allocation plan as part of their annual action plan by August 16, 2026. All funds must be committed to projects within 24 months and expended within five years. The New Mexico Mortgage Finance Authority, a state housing finance agency, administers multiple HUD community development programs including HOME Investment Partnerships, HOPWA, and the Emergency Solutions Grant program, positioning it to coordinate housing trust fund resources with complementary federal financing and supportive services for extremely low-income New Mexico residents.