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The project's cost is an estimated $16.6 million and Housing New Mexico, otherwise known as the New Mexico Mortgage Finance Authority, is providing $14.2 million in federal Low-Income Housing Tax ...
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 ...
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 ...
Residents pay their portion of rent through Section 8 vouchers, and many of the apartments are available only to families who make 30% or less of the median income of the city. [58] The new housing project aimed to provide a low-rent area for residents who work downtown but who are unable to live near their workplace because of the high costs. [57]
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 ...
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