Housing New Mexico (NM Mortgage Finance Authority)
Housing NM HOME Rehabilitation Program is available to homeowners in Albuquerque, NM.
Housing New Mexico (formerly NM MFA) administers the statewide HOME Rehabilitation Program for low-income owner-occupants using HUD HOME funds. Assistance is typically a 0% interest deferred, forgivable loan recorded as a lien with an affordability period of up to 15 years. Work focuses on health and safety, code compliance, roofing, HVAC, and accessibility modifications.
Deferred forgivable loan at 0% interest; forgiven after affordability period (typically 10-15 years). If home is sold before period ends, prorated repayment may apply.
Official source site checked live on 2026-06-22.
Data last verified 2026-04-03. How we verify our data.
In Albuquerque, NM, you can combine this program with other local help to cut your cost:
A grant-savvy contractor in Albuquerque, NM can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
You will likely need a contractor to apply
Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Albuquerque early keeps your application moving.
Get matched with a contractorThis program is usually a forgivable loan: you owe nothing if you stay in the home for the set period, but it may place a lien on the property until then.
Each program sets its own contractor rules. Check the official program page for exact requirements.
Documents you will likely need
Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Rolling, contact Housing NM or local subgrantee
Ask us. It is free, and a real person answers within a business day.
Email us about this programUp to ~$30,000; deferred forgivable loan.
Housing NM HOME Rehabilitation Program is open to homeowners in Albuquerque, NM. It serves seniors.
Apply directly with Housing New Mexico (NM Mortgage Finance Authority) using the official program link on this page or call 505-843-6880. There is no middleman and no fee.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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