HOUSING NEW MEXICO It was April 10, 1975, when Gov. Jerry Apodaca signed House Bill 88 during the state’s 32nd legislature, enacting the Mortgage Finance Authority Act and creating the New Mexico Mortgage Finance Authority. Housing New Mexico — which the organization rebranded to last year — commemorated its 50th anniversary at a press conference on April 10, 2025. Two 1975 representatives — Adele Cinelli Hundley and Raymond Sanchez, who was also speaker of the House — spoke at the press conference. Cinelli Hundley recruited Sanchez and the late Rep. Edward Lopez to get the proposed housing agency legislation passed 50 years ago. Housing New Mexico Executive Director/CEO Isidoro Hernandez highlighted the quasi-governmental entity’s partnerships as an integral part of its 50-year history. “The fact that we have served over 505,000 New Mexicans since our inception in 1975 is due in large part to the hundreds of partnerships we have with service providers, lenders, developers, realtors, housing authorities, local governments, Tribal partners and more,” said Hernandez. “The impact we have had would also not have been possible without the support of our legislators, governors and board members — as well as the hard work of our dedicated staff — over the years.” In its 50-year history, Housing New Mexico has impacted New Mexicans as follows: • 27,371 homes built. • 34,359 homes preserved through rehabilitation or weatherization. • 72,668 families that became homeowners through first mortgage and down payment assistance programs. • 122,425 people and families who received rental assistance. CELEBRATES 50 YEARS, PREPARES FOR 2025 HOUSING SUMMIT By Kristie Garcia, Housing New Mexico • 10,557 families that received mortgage assistance through the Homeowner Assistance Fund. • 238,546 people who received homelessness prevention or support services. • 505,926 total people, families and homes impacted. The economic impact of Housing New Mexico’s investment in these affordable housing initiatives has been conservatively estimated to be more than $4.3 billion and has supported over 43,800 jobs. After 49 years of operating as New Mexico Mortgage Finance Authority, the agency rebranded to Housing New Mexico in July of 2024 to better reflect its diversity of programs across the housing continuum, from homelessness to homeownership. While its legal name remains New Mexico Mortgage Finance Authority, Housing New Mexico more accurately encompasses its vision that all New Mexicans will have quality, affordable housing opportunities. In addition to providing mortgage and down payment assistance, Housing New Mexico has grown immensely over the years, providing funding for specialized 12
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