Housing NM HOME Rehabilitation Program

About This Program

Housing New Mexico (formerly NM MFA) administers the statewide HOME Rehabilitation Program for low-income owner-occupants using HUD HOME funds. Assistance is typically a 0% interest deferred, forgivable loan recorded as a lien with an affordability period of up to 15 years. Work focuses on health and safety, code compliance, roofing, HVAC, and accessibility modifications.

Deferred forgivable loan at 0% interest; forgiven after affordability period (typically 10–15 years). If home is sold before period ends, prorated repayment may apply.

Key Details

• Owner-occupant at or below 80% AMI (~$73,100/year for family of 4 in ABQ metro)
• 0% deferred loan forgiven after 10–15 year affordability period
• Focuses on health/safety, code compliance, and accessibility
• Administered through local subgrantees – contact Housing NM to find your provider
• Housing New Mexico: 505-843-6880

How to Apply

Deadline: Rolling – contact Housing NM or local subgrantee