Latest news with #HousingNewMexico
Yahoo
31-03-2025
- Business
- Yahoo
New program allows landlords to turn run down properties into affordable rentals
NEW MEXICO (KRQE) – With a push to make affordable housing more available, a new program aimed at rehabbing old homes and turning them into rentals has launched. One nonprofit is already rolling out their first success with the program. The Rehab2Rental was approved by Housing New Mexico, also known as MFA, back in February. On Friday, one of the early recipients opened its first home using the funding. 'There's a shortage of both single-family homes for sale and rental units for rental. So with this program, the intent is to revitalize some existing stock and make it available for rentals,' said Dan Jennings, a county coordinator with 100% Chaves County. Housing New Mexico launches program aiming to increase affordable housing The program by Housing New Mexico would give landlords a $25,000 forgivable loan to fix up old, run-down houses, turning them into affordable rental homes that would be used for tenant-based housing vouchers. In Chaves County, the owner of the home worked with the organizations 100% Chaves County and Hagerman Forward to help ring in the program, saying having something like this helps more than just the homeowner. 'We feel it helps stabilize neighborhoods, taking a vacant house and turning it into a house that can be safe and habitable. We feel that it's good for the property owner because now we have another property owner who can be in the system and rent houses at an affordable rent. And we feel it's great for the families that can now have a voucher,' said the Executive Director and CEO of Housing New Mexico. Housing New Mexico says the program is not just limited to Chaves County and is open to other landlords across the state. For more information on the Rehab2Rental program, you can follow the link here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-03-2025
- Yahoo
KRQE Newsfeed: DWI scandal, Body cam released, Cloudier and warm, Housing shortage, Lodging concerns
Lobo basketball coach Richard Pitino leaves UNM for Big East job WATCH: DWI cases Albuquerque officers and paralegal made disappear Rio Rancho to review plans to redevelop old country club golf course Woman accused of damaging 21 government vehicles in Albuquerque New Mexico researcher helps discover new dinosaur species UNM researchers release study on hantavirus in New Mexico Gunman who killed 23 in racist attack at Texas Walmart is offered plea deal [1] Albuquerque police fire two officers who worked in DWI Unit – The Albuquerque Police Department announced on Tuesday that two officers who were part of the DWI Unit have been fired. Gustvo Gomez, a deputy commander, and Matthew Chavez, a lieutenant in the Valley Area Command, were both fired. Thirteen APD officers have left the department as part of the federal investigation. Four of them have pled guilty to federal charges. [2] Body camera footage shows moments after deputies discover Gene Hackman's body – Footage shows Santa Fe Sheriff's Deputies trying to figure out what led to the death of actor Gene Hackman and his wife, Betsy Arakawa. The medical investigation would later reveal that Arakawa died first of hantavirus. Authorities said Hackman died more than a week later of heart disease with complications from Alzheimer's. It was determined that one of their dogs died of starvation and dehydration. [3] Clouds moving in, weather still warm & dry – Isolated showers and thunderstorms will move into southern New Mexico and the northern mountains Wednesday and Thursday. Most of the rain though will evaporate before reaching the ground. This could cause locally gusty winds. Drier weather returns Friday, but so does the wind. Westerly winds could gust as high as 45 to 50 mph Friday. [4] Housing New Mexico launches program aiming to increase affordable housing – Housing New Mexico and the state department of finance are working together to increase affordable housing. The departments are launching the Rehab to Rental program. The program will offer forgivable loans up to $25,000 per unit to landlords who currently lease or agree to lease their properties to renters who use housing vouchers. The loans will allow landlords to make improvements that will make necessary improvements to the rental units. Housing partners are currently being invited to submit applications to become service providers. [5] Organizers address lodging concerns for National Championship Air Races in Roswell – The city of Roswell is addressing some lodging concerns as the city prepares to host the National Championship Air Races. A quick search for a room shows how scarce hotels and motels are going to be for the event. Organizers say they are confident in their decision to name Roswell as the host city. They are currently working on providing shuttles to the event from Carlsbad and Artesia. The air races will take place September 10 – 14. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-03-2025
- Business
- Yahoo
New Mexico Housing opens up loans to landlords to incentivize affordable housing
New Mexico's housing agency is offering thousands of dollars in forgivable loans to landlords who agree to fix their properties and lease them out at an affordable rate to people who receive housing assistance. (Photo via Getty Images) New Mexico's housing agency is offering forgivable loans to private landowners who agree to improve their rental properties and lease them to tenants at an affordable rate for five years. Housing New Mexico on Monday announced a pilot program to make more affordable rental properties available for tenants on rental assistance by offering forgivable loans to landlords to improve them. The Rehab-2-Rental program is offering forgivable loans of up to $25,000 to landlords who currently lease or agree to lease their properties to renters who hold tenant-based housing vouchers like Section 8, Linkages and local government rental assistance, according to a news release. The landlords would use the loan money to pay for needed improvements to rental units to make them ready to rent, the news release states. Housing New Mexico's Board of Directors in February approved $656,000 for the program. According to the notice of funding, landlords must commit to offering the lease at a rate affordable to the tenant for five years, and must commit to meeting the real estate inspection standards set by the U.S. Department of Housing and Urban Development. 'Whether it's single-family homes or rental properties, New Mexico is in great need of affordable housing for its residents,' Housing New Mexico Executive Director and CEO Isidoro Hernandez said in a statement. 'This program is a win-win in that it will help landlords with funding to bring rentals up to standards and will provide more opportunities for affordable housing in the state.' According to the news release, private companies, public housing authorities and others are eligible to apply by submitting rehabilitation projects on behalf of private landlords. There will be an informational webinar for applicants online at 11 a.m. on Wednesday, April 2. The link to the webinar is here. It will be recorded for those who can't attend.
Yahoo
25-03-2025
- Business
- Yahoo
Housing New Mexico launches program aiming to increase affordable housing
NEW MEXICO (KRQE) — A program aiming to increase affordable housing is coming to the Land of Enchantment. Housing New Mexico has partnered with the New Mexico Department of Finance and Administration to launch 'Rehab-2-Rental.' The board of directors for Housing New Mexico approved the Notice of Funding Availability for $656,000 at a February meeting. One major goal is to create higher-quality home options for tenants using housing-based vouchers, such as Section 8 and Linkages, as well as municipal and county rental assistance. The program offers forgivable loans of up to $25,000 per unit to landlords either leasing or agreeing to lease their properties to housing voucher holders. Housing New Mexico says these loans will help with necessary improvements to the rental units. Albuquerque mayor files complaint against city council over AFR staffing ordinance 'Whether it's single-family homes or rental properties, New Mexico is in great need of affordable housing for its residents,' Housing New Mexico Executive Director and CEO Isidoro Hernandez said in a news release on Tuesday. 'This program is a win-win in that it will help landlords with funding to bring rentals up to standards and will provide more opportunities for affordable housing in the state.' Housing partners are currently being invited to submit applications to become service providers. Those service providers will work with public housing authorities and other governmental agencies offering vouchers to submit house rehabilitation projects for private landlords. Eligible applicants should have experience and knowledge of housing assistance and property rehabilitation, including: Non-profit organizations For-profit organizations Public housing authorities Regional housing authorities Tribal governments Tribal housing agencies Applications are welcome to join a webinar on Wednesday, April 2 at 11 a.m. More information can be found online. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
30-01-2025
- Business
- Yahoo
State launches program to incentivize affordable home building
NEW MEXICO (KRQE) – The cost of a home is outpacing wage growth which means the ability to achieve homeownership has become more difficult than ever before for New Mexicans. This week, the state launched the Zero Interest Homebuilder Program which offers interest-free construction financing for contractors. The program incentivizes the development and sale of entry-level homes for low to moderate-income families. PNM recycles over 6,000 trees following holiday season These loans may be used to assist in financing a wide range of activities to increase affordable homeownership opportunities across the state. 'We are very hopeful that this sparks a lot of interest and that we get dozens of applications to be able to administer this program or to take advantage of this program and build hundreds of homes between now and the end of the year,' said Executive Director/CEO Isidoro Hernandez, Housing New Mexico MFA. Complete applications need to be made 60 days prior to a Housing New Mexico Board of Directors meeting to be considered at the meeting. Anyone with questions is asked to send an email to program manager Joshua Howe at jhowe@ Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
