New Mexico

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

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.