While individual homebuyers are not eligible to apply for funding, Housing New Mexico administers the program working alongside eligible agencies, such as: • Public and private non-profit organizations • For-profit organizations • Governmental housing agencies, authorities, entities or instrumentalities • Regional/public housing authorities • Tribal housing authorities, agencies or governments • Developers, builders, corporations, limited liability companies, partnerships, joint ventures, syndicates or associations • Other entities as specified in the Notice of Funding Availability Homewise, one of Housing New Mexico’s partners for the Restoring Our Communities program, has recently acquired and rehabilitated homes. “The ROC program lets us take deeply distressed, often abandoned homes and bring them back to life,” said Homewise Real Estate Development Project Manager J.T. Mitchell. “These neglected properties hinder our neighborhoods, and our partnership with Housing New Mexico allows us to turn them into safe and affordable homes. Once complete, these homes are designated for everyday New Mexicans, giving more families a chance at homeownership.” Homewise Real Estate Development Project Director Eugene Chavez added, “It’s been a great collaboration with Housing New Mexico and Homewise to turn these problem projects into works of art for future clients.” The Housing New Mexico Board of Directors allocated approximately $3.5 million in funding for the ROC initiative from the New Mexico Housing Trust Fund in 2023. Four restoration projects have already been completed, and eight more are currently in progress. For more information or to view the program’s Notice of Funding Availability, please scan the QR code. https://housingnm.org/programs/restoring-ourcommunities-program 13
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