FY27 Affordable Housing Trust Fund (AHTF)

The New Mexico Affordable Housing Act and its implementing regulations govern the use of funds through the Affordable Housing Trust Fund (AHTF) to support the development and sustainability of affordable housing across the state. Eligible expenses include the acquisition of land or existing structures intended for affordable housing conversion or reconstruction, as well as costs related to development, construction, financing, operation, or ownership of such housing, including necessary infrastructure and financing expenses. All proposals must align with the Act and its Rules, clearly demonstrating how funding will advance affordable housing goals while adhering to the State’s Anti-Donation Clause. Funding is subject to available resources in the AHTF, contingent upon revenue from designated sources and annual appropriations by the City’s Governing Body, meaning awards are not guaranteed and may be adjusted based on fiscal conditions. The solicitation for Fiscal Year 2027, identified as FY27-RFP-103, invites proposals from qualified applicants with a response deadline of August 4, 2026. Proposals will be evaluated by the Community Development Committee, which will provide formal recommendations to the City’s Governing Body, the sole authority empowered to approve funding allocations. The program is administered by the New Mexico Mortgage Finance Authority under the oversight of the Affordable Housing division based in Santa Fe, New Mexico, with primary contact information provided for inquiries and submissions. All activities must comply with state legal requirements and demonstrate measurable impact on increasing or preserving affordable housing opportunities within New Mexico.