Find grants, rebates, forgivable loans, and free programs for Socorro, NM, filtered to your situation.
As of June 2026, 25 home improvement grant, rebate, and forgivable loan programs are open to homeowners in Socorro, NM, with individual awards up to $126,526. 6 programs target seniors, 2 serve veterans, and 9 require no income limit.
Data last verified 2026-06-09. How we verify our data.
| Funding type | Programs | Repaid? | Best for |
|---|---|---|---|
| Grants | 17 | Never repaid | Income-qualified homeowners |
| Forgivable loans | 2 | Forgiven after a residency period | Larger repairs with no money down |
| Rebates | 3 | Refunded to you after purchase | Energy-efficiency upgrades |
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HMGP provides funding after a presidentially declared disaster to help communities reduce future disaster losses. Homeow...
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...
Federally-funded weatherization program that reduces energy costs by improving home energy efficiency for income-qualifi...
Below-market rate rehabilitation loan for owner-occupied homes in New Mexico. Funds can be used for major repairs, impro...
CDBG-funded comprehensive rehabilitation program for owner-occupied homes in Socorro city limits. Provides forgivable lo...
Emergency repair grants for very low-income homeowners facing immediate health and safety hazards. Priority given to sen...
Provides accessibility modifications for owner-occupied homes where a household member has a documented disability. Gran...
Matching grant program for preservation and stabilization of historic adobe homes in Socorro. Funds repairs using tradit...
Rebates for energy-efficient upgrades for Socorro Electric Cooperative members. Includes heat pumps, high-efficiency wat...
Rebate for residential solar photovoltaic system installation for SEC members. Rebate amount based on system size. Must ...
Grant for very low-income homeowners age 62+ in rural Socorro County to remove health and safety hazards. Does not requi...
Very low-interest loan (1% fixed) for low-income homeowners in rural Socorro County to repair, improve, or modernize hom...
Grant for veterans with certain service-connected disabilities to adapt or purchase a specially adapted home. For vetera...
Grant for veterans with certain service-connected disabilities to adapt a home to meet accessibility needs. For veterans...
HUD-funded lead hazard control program for homes with children under age 6 who have elevated blood lead levels or are at...
Low-interest loan program for repair or replacement of failing septic systems in Socorro County. Available to homeowners...
Financial assistance for low-income homeowners in Socorro city limits to repair or replace private water or sewer latera...
Grant program for Socorro County residents age 60+ to make minor home repairs and safety improvements. Priority given to...
Federally-funded program providing utility bill assistance for low-income households in New Mexico. Helps with heating c...
State tax credit equal to 10% of the purchase and installation costs of a residential solar photovoltaic system, up to $...
Comprehensive energy efficiency rebates for PNM electric customers. Includes rebates for heat pumps, insulation, smart t...
Federal HOME funds administered by MFA for comprehensive home rehabilitation. Assistance provided as forgivable loans or...
Cost-share grant for wildfire risk reduction work on private property in high-risk areas. Covers defensible space creati...
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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25 programs are currently listed for Socorro, including FEMA Hazard Mitigation Grant Program (HMGP), FEMA Increased Cost of Compliance (ICC) Coverage, HUD Lead Hazard Control & Healthy Homes.
Grants do not have to be repaid. Forgivable loans are forgiven over a residency period, and rebates refund your money after the purchase. In Socorro, 17 programs do not require repayment, 2 are forgivable loans, and 3 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.