Find grants, rebates, forgivable loans, and free programs for Albuquerque, NM, filtered to your situation.
As of June 2026, 43 home improvement grant, rebate, and forgivable loan programs are open to homeowners in Albuquerque, NM, with individual awards up to $806,500. 19 programs target seniors, 5 serve veterans, and 17 require no income limit.
Data last verified 2026-04-03. How we verify our data.
| Funding type | Programs | Repaid? | Best for |
|---|---|---|---|
| Grants | 31 | Never repaid | Income-qualified homeowners |
| Forgivable loans | 3 | Forgiven after a residency period | Larger repairs with no money down |
| Rebates | 4 | Refunded to you after purchase | Energy-efficiency upgrades |
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The City of Albuquerque's Community Development Block Grant (CDBG) program funds housing rehabilitation for low- to mode...
Bernalillo County's Housing Department provides home rehabilitation assistance to income-eligible owner-occupants in uni...
NM Energy$mart is New Mexico's federally funded Weatherization Assistance Program, administered by Housing New Mexico (M...
New Mexico's federally funded Home Electrification and Appliance Rebate (HEAR) program provides point-of-sale rebates on...
PNM offers rebates to residential customers on ENERGY STAR certified appliances and energy-efficient equipment including...
New Mexico Gas Company offers rebates on smart thermostats and other energy-saving equipment for residential natural gas...
USDA Rural Development's Section 504 program provides loans up to $40,000 at 1% fixed interest (20-year term) and grants...
Greater Albuquerque Habitat for Humanity offers two programs: the Preservation Repair Program for minor exterior repairs...
The VA Specially Adapted Housing (SAH) grant helps veterans with qualifying service-connected disabilities adapt or purc...
The VA Home Improvement and Structural Alterations (HISA) grant helps veterans enrolled in VA healthcare make structural...
The FHA 203(k) loan allows homebuyers and homeowners to finance renovation costs into a single mortgage. The Limited 203...
New Mexico provides a $2,000 reduction in the taxable value of a primary residence for qualifying heads of family who ar...
As of 2025, New Mexico increased the universal veteran property tax exemption from $4,000 to $10,000 in taxable property...
New Mexico provides a complete property tax exemption on the primary residence for veterans with a 100% service-connecte...
LIHEAP provides energy bill assistance to low-income New Mexico households by making direct payments to utility companie...
Tax Help New Mexico provides free IRS-certified tax preparation through VITA sites across Albuquerque and Bernalillo Cou...
Housing New Mexico (formerly NM MFA) administers the statewide HOME Rehabilitation Program for low-income owner-occupant...
FEMA's Hazard Mitigation Grant Program provides funding after federally declared disasters to reduce risk from future na...
PNM's Income-Qualified Energy Efficiency Program provides free installation of energy-saving products to PNM customers a...
While not a direct repair grant, the Low Income Housing Tax Credit (LIHTC) program funds construction and rehabilitation...
PNM's Good Neighbor Fund provides emergency energy assistance to PNM customers at risk of disconnection. Households at o...
New Mexico allows qualifying low-income and elderly homeowners to freeze their property's taxable value, preventing incr...
The federal Section 25C tax credit provides 30% of costs for qualifying energy-efficient home improvements, up to $3,200...
New Mexico's Aging & Long-Term Services Department and various Medicaid Home and Community Based Services (HCBS) waivers...
CDBG public service funds administered by the City of Albuquerque and Bernalillo County are subgranted to local nonprofi...
Community action agencies and local nonprofits in the Albuquerque metro area provide emergency home repair assistance to...
Owners of certified historic structures in New Mexico can claim a 20% federal and 25% state tax credit on qualified reha...
HUD's Lead Hazard Control program provides grants to state and local governments to identify and control lead paint haza...
Albuquerque's hot summers create strong demand for cooling assistance. PNM offers rebates up to $400 on advanced evapora...
New Mexico provides a 10% state income tax credit (up to $9,000 per taxpayer per year) on the purchase and installation ...
ICC coverage is built into every National Flood Insurance Program (NFIP) policy and pays up to $30,000 to help bring a s...
HUD funds state, county, and city governments to identify and fix lead-based paint hazards and other health hazards (mol...
EPA's WIIN Act grants and the Drinking Water State Revolving Fund (DWSRF) fund lead service line replacement programs in...
The American Red Cross installs free smoke alarms and creates home fire escape plans through their nationwide Home Fire ...
Rebuilding Together's Safe at Home program provides free preventive home modifications to help older adults and people w...
EPA provides State and Tribal Indoor Radon Grants (SIRG) to every state to fund radon risk reduction programs. While the...
NeighborWorks America supports a network of nearly 250 local nonprofit housing organizations across every state, DC, and...
Owners of historic homes may access funding through their State Historic Preservation Office (SHPO), which distributes H...
The Section 184 Indian Home Loan Guarantee Program provides HUD-guaranteed mortgage financing for American Indian and Al...
Free or low-cost HUD-approved housing counseling and homebuyer education. Services include pre-purchase counseling, home...
The Housing Choice Voucher (Section 8) program provides rental assistance to eligible low-income families, seniors, and ...
New Mexico MFA's HomeNow program provides down payment and closing cost assistance of up to $8,000 to first-time and rep...
The SBA New Mexico District Office in Albuquerque supports small businesses through the Microloan Program, 7(a) loan gua...
The City of Albuquerque's Economic Development Department offers financing assistance to small businesses through revolv...
New Mexico's Child Care Assistance Program (CCAP) helps income-eligible working families pay for licensed child care. Fa...
Albuquerque Public Schools and community agencies operate Head Start and Early Head Start programs throughout Bernalillo...
Many of these programs can be combined. For example, you can use a city repair grant for the work, a utility rebate for the energy savings, and a federal tax credit on top, all for the same project.
Pick a project to see how much funding could stack on it from multiple programs in this city.
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43 programs are currently listed for Albuquerque, including City of Albuquerque CDBG Housing Rehabilitation, Bernalillo County Housing Rehabilitation Program, NM Energy$mart Weatherization Assistance Program.
Grants do not have to be repaid. Forgivable loans are forgiven over a residency period, and rebates refund your money after the purchase. In Albuquerque, 31 programs do not require repayment, 3 are forgivable loans, and 4 are rebates.
Every program listing carries the official application link and phone number for the administering agency. Homeowners apply directly with that agency; there is no middleman and no fee.