Whether it was a person finding refuge at a homeless shelter, an elderly person’s home being rehabilitated, a family renting an affordable apartment or a person becoming a homeowner for the first time, Housing New Mexico impacted nearly 18,000 families and homes through the $740 million in funding the organization provided during its 2025 fiscal year.
“As we celebrated our 50th anniversary last year, we also celebrated all the people in New Mexico who have benefited from our affordable housing-related programs, not only in 2025 but since Housing New Mexico’s inception in 1975,” said Housing New Mexico Executive Director and CEO Isidoro Hernandez. “There is still much work to accomplish to help New Mexicans, and along with our nearly 400 partners, we will continue to deliver programs and services needed to provide housing opportunities.”
Fiscal year 2025 production highlights include:
- $81.6 million provided to produce 1,518 homes
- $16.8 million provided to preserve 739 homes
- $583.2 million provided in first mortgage and down payment assistance to 2,287 families
- $58.2 million provided for housing stability to 13,152 people and families
- $739.8 million in total funding for affordable housing, impacting 17,696 families and homes
Between creating more housing, preserving existing affordable housing, creating stable housing environments and providing opportunities for homeownership and wealth building, Housing New Mexico served people in 32 of 33 counties across the housing continuum during its most recent fiscal year, which began October 1, 2024, and ended September 30, 2025.
Housing New Mexico partnered with about 250 participating mortgage lenders to provide $555.2 million in first mortgage financing to 2,287 families and $28 million in down payment assistance, totaling 3,311 loans. In its 50-year history, Housing New Mexico has helped 72,668 families become homeowners through its first mortgage and down payment assistance programs.
David and Valerie Ramirez in Belen achieved their dream of homeownership 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.”
View the entire Housing New Mexico Annual Report. Visit Housing New Mexico to learn more about its nearly 40 programs.
