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What We Do

The New Mexico Mortgage Finance Authority is a quasi-public entity that provides financing for housing and other related services to low- and moderate-income New Mexicans at no cost to taxpayers. As the state’s official housing agency, MFA administers more than 20 programs, initiatives and funding mechanisms that allow us to build affordable rental communities, offer emergency shelter, rehabilitate aging homes and provide rental assistance and subsidies. MFA partners with lenders, realtors, nonprofit organizations, local governments and developers throughout the state to make its programs and services available to all eligible New Mexicans.



In 1975, the New Mexico State Legislature created the New Mexico Mortgage Finance Authority to distribute low interest rate mortgage money to low-and moderate-income families throughout the state. Funds were generated through the sale of tax-exempt mortgage revenue bonds. Through the 80s and early 90s, MFA steadily expanded its financing portfolio from mortgage loans to include down payment assistance, rental housing construction and in-house loan servicing.

In 1997, MFA became the state government’s designated housing agency, bringing all of New Mexico’s housing departments together under one roof. All state and federal housing programs are now administered by MFA, including Section 8 housing and the Department of Energy's weatherization programs. MFA also provides oversight of New Mexico's regional housing authorities.

Today, MFA's staff of 65 provides housing services to about 80,000 New Mexicans each year. The agency works with more than 80 housing partners that include nonprofit organizations, governmental entities and communities. MFA also partners with lenders and REALTORS across the state to bring its homeownership programs to New Mexicans.


MFA is completely self-sufficient and receives no operational money from the state. It manages approximately $2.5 billion in assets annually.

The agency is led by seven board members. Four of the board members are from the private sector and are appointed by the governor with the approval of the state senate. Three are ex-officio voting members who serve by virtue of their state office: the lieutenant governor, the state's attorney general and the state treasurer.

Rules and regulations governing MFA must be approved by an oversight committee from the New Mexico legislature. The committee is comprised of 19 members from the House of Representatives and the Senate.
MFA Rules and Regulations - Revised November 2015


In calendar year 2015, MFA provided more than $317 million in low-interest financing and grants for affordable housing and related services including:

  • $189 million in loans to 1,456 homebuyers, all of whom received pre-purchase counseling
  • $7.4 million in down payment assistance to 1,365 homebuyers
  • $28 million in project-based Section 8 rental assistance payments processed for 5,297 apartments occupied by low-income families
  • $82.4 million in financing to construct or rehabilitate 900 affordable rental and for-sale homes, including 194 units already in the pipeline
  • $6.9 million to rehabilitate and improve energy-efficiency for 1,191 low-income homeowners
  • $1.3 million in rental assistance and related services for 429 special needs individuals
  • $1.3 in shelter and transitional housing costs for 7,747 individuals experiencing homelessness
  • $577,000 in rental assistance to prevent homelessness for 549 individuals

MFA also managed $2.5 billion in assets in 2015.

Housing Library

Housing Reports

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Affordable Housing Act and Plans

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NM Consolidated Plan

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NM Annual Action Plan

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Bond Investor Resources

Bond Investor Disclosure Data

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Revenue Bond Official Statements

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NIBP Monthly Reporting

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NIBP Quarterly Reporting

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All RFP Templates and Links

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External Audit Services RFP

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2016 - 2020 Rental Assistance Program RFP

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2016 - 2020 Emergency Homesless Assistance Program RFP

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MFA Resources

Donate to MFA's Affordable Housing Charitable Trust and receive generous tax credits.

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Housing plans, strategic plans, fair housing information and more.

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MFA's Housing Services Directory has listings for housing professionals across the state.

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Request up to two copies of MFA's Housing Services Directory at no charge.

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MFA Board and Legislative Oversight Committee meetings can be viewed from your own computer in real time.  See our calendar for meeting dates.

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