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542(c) FHA-Insured Multifamily (Risk Share) Loan Program

NEW MEXICO AFFORDABLE HOUSING

Funding Amount

Varies

Deadline

Rolling / Open

Grant Type

foundation

Overview

542(c) FHA-Insured Multifamily (Risk Share) Loan Program

Geographic Scope: New Mexico

Overview: Supports eligible single-asset mortgagors with substantial rehabilitation or refinancing activities.

Eligible Property Types:

  • Detached houses

  • Semi-detached houses

  • Row houses

  • Multifamily structures with no fewer than five units per site
  • Key Features:

  • Risk Share loans are valuable in supporting small projects and developers

  • Helps sustain aging LIHTC properties

  • Provides FHA insurance protection
  • Focus Areas: Substantial rehabilitation and refinancing of affordable multifamily housing

    Contact Information:

  • Housing New Mexico

  • 7425 Jefferson St NE

  • Albuquerque, NM 87109

  • Phone: 505-843-6880

  • Toll-free: 1-800-444-6880
  • Focus Areas & Funding Uses

    Fields of Work

    affordable-housinghousing

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