The New Mexico Mortgage Finance Authority (MFA) developed the Restoring Our Communities (ROC) program to help meet New Mexico’s need for affordable housing units, while assisting communities in reducing vacant and abandoned houses that decrease property values. The program objectives are to: SCAN TO LEARN MORE! Restoring Our Communities, One Home at a Time Provide funding for acquisition and rehabilitation of vacant or abandoned properties to increase affordable housing units in New Mexico, and Create and preserve affordable housing and provide housing opportunities for low-moderate- and middleincome homebuyers. The Notice of Funding Availability opened on September 1, 2023, and will remain open as long as funds are available. There is an initial allocation of $4 million to provide funding for approved projects. 1 2 MFA seeks developers/contractors to take on these restorative projects. AFTER BEFORE
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