Home investment partnerships program

The Department of Housing and Urban Development's Assistant Secretary for Community Planning and Development awarded the New Mexico Mortgage Finance Authority $5,044,613.26 under the HOME Investment Partnerships Program (CFDA 14.239) on December 5, 2025.

The award funds a range of affordable housing activities including rehabilitation of owner-occupied housing, homebuyer assistance, acquisition and rehabilitation or construction of rental housing, and tenant-based rental assistance to low-income households. HOME-assisted housing must meet affordability requirements and remain affordable for 5, 10, 15, or 20 years depending on the activity type and amount of HOME funding contributed.

The New Mexico Mortgage Finance Authority, a state housing finance agency, administers the award for performance in Albuquerque, New Mexico. The period of performance extends through September 30, 2034. As a participating jurisdiction under the HOME program, the recipient can undertake projects directly or provide funds to developers and other partners for affordable housing development and rental assistance activities throughout New Mexico.

The assistance type is a formula grant, allocated annually by HUD to qualifying states and local governments. Participating jurisdictions must maintain records enabling HUD to verify compliance with program requirements for the most recent five years, with affordability documentation retained for five years beyond that period.