Real Estate News
MFA launches Home Improvement Program in eight counties
The New Mexico Mortgage Finance Authority (MFA) has announced the launch of the Home Improvement Program, a scheme designed to provide direct home rehabilitation services in eight counties. The initiative is intended to fill gaps in service provision left by the HOME Rehabilitation Program and will be operational in Guadalupe, Harding, Los Alamos, McKinley, Rio Arriba, Quay, San Juan, and Union Counties.
MFA allocates $5.5m for FirstDown Plus program
The New Mexico Mortgage Finance Authority (MFA) has unveiled the FirstDown Plus loan program, with an allocation of $5.5 million from the New Mexico Housing Trust Fund. The initiative is designed to offer financial support to homebuyers in need.
Latest News
MFA greenlights three service providers for ROC program
By New Mexico Sun | Jan 10, 2024
The New Mexico Mortgage Finance Authority (MFA) has announced that its board of directors has approved three service providers for the Restoring Our Communities (ROC) program. Alongside this decision, the board also endorsed a modification to the ROC Notice of Funding Availability (NOFA), allowing experienced service providers to undertake up to five projects concurrently. This announcement was made on January 8th.
MFA approves $2.8m for Encino Gardens
By New Mexico Sun | Dec 26, 2023
The New Mexico Mortgage Finance Authority (MFA) has announced that its board of directors has approved $2.8 million for the acquisition and refurbishment of Encino Gardens, an affordable senior housing community in Albuquerque. The proposed rehabilitation encompasses the entire building, including residences, hallways, mechanical systems, interior common rooms, plumbing and lighting fixtures, and external common areas.
Bernalillo County secures state grant for Mesa del Sol Regional Sports Complex
By New Mexico Sun | Dec 19, 2023
Bernalillo County has received a $2 million grant from the state's 2023 Regional Recreation Centers/Quality of Life Grant. The county plans to use this funding to complete the construction of the Mesa Del Sol Sports Complex in southeast Albuquerque.
MFA offers 50% credit for supporting affordable housing
By New Mexico Sun | Dec 15, 2023
The New Mexico Mortgage Finance Authority (MFA) has unveiled the State Tax Credit Program, a new initiative designed to bolster the construction of affordable housing across the state. The program offers state tax credits equivalent to 50% of the value of donations made by individuals and businesses.
Bernalillo commissioner welcomes La Terra on Westside
By New Mexico Sun | Dec 13, 2023
Bernalillo County has revealed that Commissioner Walt Benson has expressed his support for LaTerra Development Company's Bedrock at the Trails project, located at the junction of Paseo del Norte Boulevard and Woodmont Avenue, NW. The completion of this project is expected within a timeframe of two and a half years.
MFA allocates $3.5 million for solar projects in weatherization program
By New Mexico Sun | Dec 8, 2023
The New Mexico Mortgage Finance Authority (MFA) has declared that its Board of Directors has approved $3.5 million in funding from the New Mexico Housing Trust Fund. The funds are set to enhance solar systems for homes participating in the NM Energy$mart Weatherization Program, ensuring affordable electric bills for low-income households after electrification.
Bernalillo County Tiny Home Village to open applications for new residents
By New Mexico Sun | Nov 23, 2023
Bernalillo County has announced plans to accept applications for new residents at the Tiny Home Village. The transitional housing initiative provides 18 to 24 months of temporary housing and comprehensive services, fostering community living while residents collaborate with a case management team. This move is set to commence on Monday, November 27th.
New Mexico Mortgage Finance Authority highlights its Homeownership Programs
By New Mexico Sun | Oct 26, 2023
The New Mexico Mortgage Finance Authority (MFA) is highlighting the impact of its homeownership programs, which have seen a significant increase in the number of first-time homebuyers in the state. According to a press release by MFA, the programs are available for both first-time and non-first-time homebuyers.
Albuquerque and Local 412 partner for the 31st Annual Project Heat's On
By New Mexico Sun | Oct 17, 2023
The City of Albuquerque has partnered with the United Association (UA) of Plumbers and Pipefitters Local Union 412 for the 31st Annual Project HEAT'S ON, according to a press release by the City of Albuquerque. Project HEAT'S ON, which stands for Handicapped and Elderly Assistance to Service Our Neighbors, is a nationwide effort aimed at helping vulnerable populations stay warm during the winter season.
Bernalillo County: Groundbreaking of affordable housing complex
By Samantha Anderson | Aug 23, 2023
Thomas Development Company and state and local officials recently marked the commencement of a new affordable housing complex, the San Roque apartments.
Payne: 'We have calculated a shortage of roughly 32,000 housing units across New Mexico, with a majority needed in the Albuquerque area'
By New Mexico Sun Report | Aug 22, 2023
On July 25, the New Mexico Mortgage Finance Authority (MFA) announced they participated in a celebratory ribbon-cutting event at the Broadway McKnight Apartments. This new multifamily property is located in the Santa Barbara Martineztown Metropolitan Redevelopment Area of Albuquerque, according to a press release by MFA.
New Mexico Mortgage Finance Authority Maestas-De Vries: 'It is important that all New Mexicans, especially those most vulnerable, have opportunities for housing and financial support when they need it'
By New Mexico Sun Report | Jul 23, 2023
On June 27, the New Mexico Mortgage Finance Authority (MFA) issued a press release announcing that the MFA Board of Directors authorized $1,380,892 in awards for the Housing Opportunities for Persons with AIDS (HOPWA) program on June 21, 2023
New Mexico Mortgage Finance Authority CEO Hernandez: 'We look forward to continuing and expanding our partnership with Mayor Maestas'
By New Mexico Sun Report | Jul 23, 2023
On July 10, the New Mexico Mortgage Finance Authority (MFA) issued a press release announcing that their staff and Board of Directors conducted their monthly board meeting at Kit Carson Electric Cooperative, Inc. in Taos, New Mexico on June 21.
Albuquerque launches new program to increase number of Black homeowners
By New Mexico Sun Report | May 13, 2023
The City of Albuquerque is addressing the challenges the Black community faces in buying a new home with a national incentive program called Operation Accelerator.
Tres Rio Habitat for Humanity director on search for candidates in San Juan County: 'There are a lot of people that don’t own their own homes'
By New Mexico Sun Report | Feb 26, 2023
Tres Rio Habitat for Humanity, a nonprofit organization dedicated to building homes for people who can’t afford one, is having trouble finding a qualified prospective homeowner in San Juan County.
Local realtor: 'Albuquerque in particular has an issue with property crime'
By New Mexico Sun Report | Jan 9, 2023
Burglars ransacked a home that was recently sold, leaving the new owner with thousands of dollars in damage and lost property.
Residents concerned about Tower Pond Park: 'There will be more crime than we already have'
By New Mexico Sun Report | Nov 8, 2022
People who live near a newly approved development in Tower Pond Park are concerned that it could bring more crime to the area.
Citizens voice concerns about proposed developments in Los Ranchos: 'We intend to keep our charter as a rural community as much as we can'
By George Willis | Sep 13, 2022
Officials from the village of Los Ranchos encouraged community discussion in hopes of finding a resolution to multiple development projects that raised concerns among residents.