million awarded to construct and renovate affordable housing in New Mexico
Affordable housing | Adobe Stock Affordable housing | Adobe Stock by: Audrey Claire Davis Posted: May 30, 2023 / 10:01 AM MDT Updated: May 30, 2023...
Affordable housing | Adobe Stock Affordable housing | Adobe Stock by: Audrey Claire Davis Posted: May 30, 2023 / 10:01 AM MDT Updated: May 30, 2023 / 10:01 AM MDT NEW MEXICO (KRQE) – The New Mexico Mortgage Finance Authority (MFA) has approved $53 million in Low-Income Housing Tax Credits (LIHTC) to construct and renovate affordable housing throughout New Mexico. The funding will be spread across five projects and will result in 281 affordable rental units. The five projects benefiting from the funding are Route 66 Flats, Calle Cuarta, Tierra Encantada, Farolito Senior Community, and Felician Villa II.