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Jul. 29—At a news conference last week announcing its annual housing indicators report, the New Mexico Mortgage Finance Authority unveiled a name change to Housing New Mexico. Officials said the ...
The federal government, through its Low-Income Housing Tax Credit program (which in 2012 paid for construction of 90% of all subsidized rental housing in the US), spends $6 billion per year to finance 50,000 low-income rental units annually, with median costs per unit for new construction (2011–2015) ranging from $126,000 in Texas to $326,000 ...
Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
Sep. 29—A New Mexico senator wants to get more single-family homes built by creating a new tax credit program at a time when housing affordability is at a generational low. Economics experts say ...
The down payment can help fund new housing or the rehabilitation of a family's existing housing. [2] Building or rehabilitation of housing for rent or ownership – In this type of activity, HOME funds may fund the building of housing units that the government provides to low-income families. The families either pay a monthly rent or may ...
Feb. 5—Charity organizations and government programs that combat homelessness throughout New Mexico will receive more than $16 million in grant funding from the U.S. Department of Housing and ...
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