NM Affordable Housing Tax Credit (LIHTC) – Tenant Benefit

About This Program

While not a direct repair grant, the Low Income Housing Tax Credit (LIHTC) program funds construction and rehabilitation of affordable rental properties managed to HUD quality standards. Tenants in LIHTC properties benefit from habitability maintenance requirements. Housing New Mexico allocates tax credits to developers; renters apply directly to participating properties.

Indirect benefit – reduced rent (typically 30% of income) in rehabilitated properties maintained to HUD standards.

Key Details

• For renters, not homeowners
• Income at or below 50–60% AMI required for most units
• Landlords required to maintain properties to HUD habitability standards
• Apply directly to LIHTC-funded properties in Albuquerque
• Housing NM maintains list of participating properties: 505-843-6880

How to Apply

Deadline: Varies by property