American Recovery and Reinvestment Act Summary
Tax Credit Assistance Program |
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| Estimated Amount for New Mexico | $13,876,558 |
| Distribution System |
Administered by HUD directly to MFA (state housing credit allocating agency); awarded to federal Low Income Housing Tax Credit developers for qualifying rental developments.
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| Eligible Activities |
Fill equity gaps in rental developments awarded federal Low Income Housing Tax Credits in federal fiscal years 2007, 2008, and 2009. |
| Homelessness Prevention Fund | |
| Estimated Amount for New Mexico | $8,585,909 |
| Distribution System |
Administered by HUD to the City of Albuquerque ($1,807,256) and MFA ($6,778,653); awarded to qualified non-profit and local governmental agencies.
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| Eligible Activities |
Homelessness prevention activities such as:
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| Weatherization Assistance Program | |
| Estimated Amount for New Mexico | $26,855,604 |
| Distribution System |
Administered by DOE to MFA; MFA administers to four service providers
MFA contact: Gina Martinez, Program Specialist (505) 843-6880 |
| Eligible Activities |
Energy efficiency improvements such as:
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| Public Housing Capital Fund | |
| Estimated Amount for New Mexico | $9,313,573 |
| Distribution System |
Administered by HUD to local public housing authorities (PHAs)
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| Eligible Activities |
The Public Housing Capital Fund provides funds for capital and management activities, including modernization and development of public housing. The funds cannot be used for operations or rental assistance. |
| Project Based Rental Assistance | |
| Estimated Amount for New Mexico | $5,592,108 |
| Distribution System |
Administered by HUD to MFA in monthly increments to convey to property owners participating in the project-based Section 8 rental housing program.
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| Eligible Activities |
Last year, HUD did not provide full-year renewals on expiring project-based contracts, reducing owner confidence in the Section 8 program. This funding represents a commitment for a full 12-months' worth of funding for Section 8 project-based housing contracts. |
| Neighborhood Stabilization Program | |
| Estimated Amount for New Mexico |
NM received $19.6 million in first NSP allocation (NSP1); $2 billion additional NSP has been appropriated nationally (NSP2); new appropriation will be awarded competitively |
| Distribution System |
NSP1 - Administered by HUD to NM DFA for award to the Cities of Albuquerque, Las Cruces, and Santa Fe as well as MFA (balance of state)
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| Eligible Activities |
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| Assisted Housing Energy Retrofit | |
| Estimated Amount for New Mexico |
$250 million nationally; these funds will be awarded competitively |
| Distribution System |
Administered by HUD to NM DFA for award to the Cities of Albuquerque, Las Cruces, and Santa Fe as well as MFA (balance of state)
|
| Eligible Activities | Energy efficient modernization and renovation of housing of HUD Section 8 (low-income), Section 202 (elderly), and Section 811 projects (for people with disabilities). |
| Native American Housing Block Grant Program | |
| Estimated Amount for New Mexico |
$6,840,646 |
| Distribution System |
Administered by HUD's Office of Native American Programs to tribes or tribally designated housing entities eligible to receive funding under the Native American Housing and Self-Determination Act.
|
| Eligible Activities |
Funds can also be used to leverage private sector financing for new construction, renovation and energy retrofit investments. |
| Community Development Block Grant Program | |
| Estimated Amount for New Mexico |
$5,610,589 |
| Distribution System |
Administered by HUD to the Cities of Albuquerque, Farmington, Las Cruces, Rio Rancho, and Santa Fe, as well as the NM Department of Finance and Administration for award under the Small Cities and Counties CDBG Program.
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| Eligible Activities |
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