NMHFA Home Owner Rehabilitation Program

New Mexico Housing Finance Authority

Available Home Repair

About This Program

State-funded deferred loan program for major home repairs and rehabilitation for owner-occupants at or below 80% area median income. Loan is forgiven after 10 years of continued owner occupancy.

Deferred loan forgiven after 10 years of owner occupancy

Key Details

  • Deferred loan up to $35,000 for major repairs
  • Income at or below 80% AMI required
  • Must be owner-occupied for 10 years
  • Loan forgiven after 10-year compliance period
  • Available statewide including Rio Rancho

How to Apply

A grant-savvy contractor in Rio Rancho, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Contact local administrator for current availability

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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