New Mexico

The New Mexico Mortgage Finance Authority will hold a training seminar for potential applicants in the 2011 low-income housing tax credit funding round on November 3 in Albuquerque.

The New Mexico Mortgage Finance Authority has released a Request for Proposals (RFP) to identify and select qualified individuals to produce affordable multifamily rental real estate market analyses for proposed tax credit projects. The market studies will be used as one means of assessing proposed projects for allocation of low-income housing tax credits (LIHTC).

The National Council of Affordable Housing Market Analysts recently submitted comments on the proposed 2010 qualified allocation plans (QAP) of several states for administering their upcoming rounds of low-income housing tax credit (LIHTC) program funding, including the Connecticut Housing Finance Authority, the New Mexico Mortgage Finance Authority, the Washing State Housing Finance Commission and the Louisiana Housing Finance Agency.

The New Mexico Mortgage Finance Authority has released a draft of its 2010 qualified allocation plan for the low-income housing tax credit (LIHTC) program and will accept comments regarding the draft QAP until September 28.

The Obama Administration recently announced nine more individuals who will serve as their State’s Director of Rural Development at the U.S. Department of Agriculture (USDA). The directors will work with USDA to help manage over 40 programs that USDA’s Rural Development administers to provide affordable housing and improve the economic stability for rural communities across the country.

The U.S. Department of the Treasury on July 10 announced $486 million in American Recovery and Reinvestment Act (ARRA) funding to spur the development of affordable housing units through its Section 1602 Tax Credit Exchange Program.

Housing New Mexico has released final versions of its notices of funding availability (NOFA) for the new low-income housing tax credit exchange and tax credit assistance (TCAP) programs, provided by the recent Recovery Act.

Housing New Mexico has published separate draft notices of funding availability (NOFA) for its low-income housing tax credit assistance (TCAP) and exchange programs.

NH&RA will continue to update the ARRA resource page below as information is made available.

The U.S. Department of Housing and Urban Development has published three new comprehensive housing market analysis reports for Albuquerque, NM, Ventura County, CA, and Shreveport-Bossier City, LA.