Silver City – Cornerstone Apartments
In Progress
Total Investment: $3,000,000
Number of Units: 30
Affordability: Individuals earning 30% or less of the Area Median Income (AMI)
About the Project:
Cornerstone Apartments will create 30 permanent supportive housing units in Silver City for people with extremely low incomes who are experiencing or at risk of homelessness. The new development will combine affordable housing, rental assistance, on-site supportive services, and community amenities to help residents maintain long-term stability.
Santa Fe – Las Estrellas
In Progress
Total Investment: $4,490,000
Number of Units: 78
About the Project:
Partnership with Santa Fe Community Housing Trust to purchase property in Las Estrellas subdivision and develop at least 10 affordable residences within three years, with 78 total affordable residences planned over 15 years.
Santa Fe – Arroyo Oeste Phase II
In Progress
Total Investment: $6,500,000
Number of Units: 20
Affordability: Various affordability tiers from below 65% to 120% of the Area Median Income (AMI) | 20 year affordability
About the Project:
Partnership with Santa Fe Community Housing Trust to construct affordable housing on the south side of Santa Fe.
Red River Workforce Housing
In Progress
Total Investment: $1,600,000
Number of Units: 16
Affordability: Individuals earning 120% or less of the Area Median Income (AMI) | 20 year affordability
About the Project:
Development of modular units for affordable workforce housing.
Los Alamos – Coyote Mesa
In Progress
Total Investment: $4,964,800
Number of Units: 64
Affordability: Individuals earning 120% or less of the Area Median Income (AMI) | 20 year affordability
About the Project:
Development of affordable 1, 2, and 3 bedroom rental units in Los Alamos.
Carlsbad – Chesterfield Acres
In Progress
Total Investment: $1,612,000
Number of Units: 26
Affordability: Individuals earning 120% or less of the Area Median Income (AMI) | 20 year affordability
About the Project:
Funding for site readiness and infrastructure costs for a new affordable housing development in eastern NM.
Hobbs – Habitat for Humanity
In Progress
Total Investment: $860,000
Number of Units: 14
Affordability: Individuals earning 60% or less of the Area Median Income (AMI) | 15 year affordability
About the Project:
Funding for affordable housing construction.
Gallup closing cost and down payment assistance program
In Progress
Total Investment: $300,000
About the Project:
This program provides closing cost and downpayment assistance to families who want to purchase a home developed by the Gallup municipal housing authority, lowering the barriers to homeownership.
Valencia County Downpayment Assistance Program
In Progress
Total Investment: $1,800,000
About the Project:
Program helps low income buyers purchase newly constructed homes. Eligible borrowers may receive $30,000 in no-interest assistance that is forgiven over time if the home remains their primary residence.