542(c) FHA-Insured Multifamily (Risk Share) Loan Program
Funding Amount
Varies
Deadline
Rolling / Open
Grant Type
Foundation
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Other requirements
- Detached houses
- Semi-detached houses
- Row houses
- Multifamily structures with no fewer than five units per site
Overview
Geographic Scope: New Mexico
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
What New Mexico Affordable Housing actually gave
Source: IRS Form 990, 2025
- Grants in 2025
- 4
- Total given
- $279K
- Median grant
- $57K
- Range
- $15K–$151K
- By dollars: New Mexico 100%. Top recipient cities: Deming, NM; Socorro, NM; Albuquerque, NM.
Example grants
Southwestern Regional Housing and Community Development Corporation · Deming, NM
Veteran's rehabilitation & modification pilot program
$151K
El Camino Real Housing Authority · Socorro, NM
Veteran's rehabilitation & modification pilot program
$88K
Partnership for Community Action · Albuquerque, NM
Veteran's rehabilitation & modification pilot program
$26K
Ohkay Owingeh Housing Authority · Ohkay Owingeh, NM
Veteran's rehabilitation & modification pilot program
$15K
Focus Areas & Funding Uses
Fields of Work
- Affordable housing
- Housing
Categories
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Liquid Waste Assistance Fund (LWAF)
Environment Dept Funding
Amount
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Deadline
October 2, 2026
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