with the help of one of Housing New Mexico’s homebuyer programs after living in their car. “Before we bought our home, we were going through some struggles,” said David. “We were homeless for many years, living in our car. When we finally defeated that, we were stuck renting.” Valerie said they tried a couple of times to purchase a home but were given the runaround and got nowhere. After learning about Housing New Mexico’s programs, the Ramirezes were approved for a loan. “Within three months, we were in our home,” said Valerie. “Being able to buy this home is our dream come true. We’re so blessed to have a home to call our own. We’re paying our mortgage. I would recommend this company to anyone. It’s been a life-changer for us.” David also expressed gratitude for Housing New Mexico’s team, as well as the lender and realtor who helped facilitate a smooth transition into homeownership. In Housing New Mexico’s multifamily development pipeline, 5,000 apartment homes are at various stages of development across 53 housing communities. These developments are located in 18 municipalities across 14 counties in the state, and the total funding from tax credits, bonds, loans and grants exceeds $413 million. Tucumcari resident Gloria Mavrick’s home was rehabilitated as part of Housing New Mexico’s Home Improvement Program, a direct-services initiative within the HOME Rehabilitation Program. The Home Improvement Program provides resources to low- to moderate-income homeowners who are struggling to bring their homes up to code or make necessary accessibility modifications. “This experience for me was really great, and I have to say good stuff about this program, because it’s the best program you could ever find,” said Mavrick. “I would like to thank Housing New Mexico. The people that you work with, the people that come and do your house and help you and understand everything, that’s the greatest thing. They did a great job on my house, and it’s so much better than it was before. And I am so grateful to all of them.” These two stories represent a fraction of the impact Housing New Mexico made in fiscal year 2025. To view the annual report in its entirety, visit housingnm.org/about-mfa/financials. To learn more about Housing New Mexico and its nearly 40 programs, visit housingnm.org. In fiscal year 2025, Housing New Mexico provided approximately $6.3 million to produce 145 single-family homes, including in Roswell’s El Toro Community, a single-family development funded by Housing New Mexico. (Photo courtesy Housing New Mexico) A ribbon-cutting ceremony for Calle Cuarta Apartments in Albuquerque was held Sept. 16, 2025. The Housing New Mexico Board of Directors approved over $2 million in loans for the development, along with approximately $1.4 million in 9% Low-Income Housing Tax Credits annually. (Photo courtesy Housing New Mexico) 15
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