New Mexico Invests in Affordable Housing

New Mexico is pouring over $23 million into affordable housing with tax credits and loans to fund five major developments across cities like Deming, Albuquerque, and Taos—building new homes and renovating existing ones to ensure more residents can afford safe places to live. This statewide effort includes $7 million in low-income tax credits and $16 million in loans, expected to attract $56 million in private investment, creating 194 new units and upgrading 39 homes. Projects target seniors, veterans, farmworkers, and families, with senior housing in Albuquerque and Taos, family-focused communities in Deming and Bernalillo, and energy-efficient upgrades for the Pueblo of Laguna. It’s a bold move to tackle the housing crisis and improve quality of life for all New Mexicans. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9818b1136740661f