Housing

New Mexico Mortgage Finance Authority November Board Meeting In Las Cruces Showcases Statewide Outreach And Impactful Project Tours

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New Mexico Mortgage Finance Authority (MFA) Executive Director/CEO Isidoro Hernandez (left) and City of Las Cruces Mayor Kenneth Miyagishima (right) presented Tierra del Sol Housing Corporation Executive Director Rose Garcia with an award at the Nov. 15, 2023, MFA Board Meeting at the New Mexico Farm & Ranch Heritage Museum in Las Cruces. The award recognizes the Las Cruces nonprofit organization for its 50th anniversary and commitment to providing affordable housing and other services to the community. Courtesy/MFA

MFA News:

LAS CRUCES — The New Mexico Mortgage Finance Authority Read More

Clarification On Bluffs Apartment Complex Rental Prices

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The Bluffs Senior Apartments, 135 DP Road. Photo by Kirsten Laskey/ladailypost.com

Staff Report

The Bluffs Senior Apartments at 135 DP Road has been developed under the Federal Low Income Housing Tax Credit program and is designed to meet the needs of moderate and middle-income households. The property is designed for seniors: at least one member of each household must be 55 years old or older; however, all members must be at least 18 years of age.

Canyon Walk, a sister property located across the street and currently accepting applications, is designed for families and accepts applicants Read More

New Mexico Real Estate Market Sees Slight Dip In Sales But Stable Prices In October 2023

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NMAR News:

In October 2023, there was an 2.35 percent decrease in home sales in New Mexico compared to the previous month. While still lagging by 8.34 percent behind October 2022 sales, these figures indicate 3.58 percent growth in the median sold price on a year-over-year basis.

In comparison to September 2023, the median sold price in New Mexico was relatively stable and decreased by only 0.03 percent.

According to National Association of REALTORS® (NMAR) Deputy Chief Economist and Vice President of Research, Jessica Lautz, “Mortgage interest rates are showing signs of relief for home buyers. Read More

Local & State Officials Check Out The Bluffs Senior Apartments

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The Bluffs Senior Apartments, 135 DP Road, are expected to be ready to accept tenants by the end of December. Local and state officials toured the apartment complex Friday morning. Photo by Kirsten Laskey/ladailypost.com

From left, Los Alamos County Community Development Department Planning Manager Sobia Sayeda, Los Alamos County Housing Program Manager Dan Osborn, Community Development Director Paul Andrus and Development Project Manager Tim Donhauser tour Friday The Bluffs Senior Apartments, which is led by Senior Construction Manager Sean Cavanaugh. Photo by Kirsten Laskey/ladailypost.com Read More

Home Purchase & Improvement … A Thanksgiving Moment

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Homeowner Adi Shakti Khalsa with her children Teg, Priti, Raj and Sahej and their puppy Papaya Tuesday in front of their Los Alamos home near 36th Street and Diamond Drive. Photo by John McHale/ladailypost.com

By CAROL A. CLARK
Los Alamos Daily Post
caclark@ladailypost.com

Paramnam and Adi Shakti Khalsa were renting a home in Española for five years, with three pre-K children that they wanted to have attend Los Alamos Public Schools.

Paramnam worked at Los Alamos National Laboratory (LANL) so they looked for a home to buy here in Los Alamos. After a long search, they found a fixer-upper to purchase. Read More

U.S. Rep. Teresa Leger Fernández Endorses Proposed Excise Tax Ballot Measure To Support Affordable Housing

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U.S. Rep. Teresa Leger Fernández

STATE News:

SANTA FE –– U.S. Rep. Teresa Leger Fernández (D-NM) has announced she is endorsing Santa Fe’s proposal for a high-end excise tax to provide a reliable mechanism to fund the city’s Affordable Housing Trust Fund.

The upcoming ballot measure, recently approved by the City Council, gives Santa Fe voters the opportunity to create a permanent revenue stream to address the city’s housing needs, from building more affordable housing to providing mortgage and rental assistance, to increasing programs to assist Santa Feans who need it to access shelter Read More

Arkansas Place Development On Black Hole Site Finally Taking Shape And Home Sales Now Open

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View looking east Friday of the first five homes under construction Friday on the former Black Hole property adjacent to Hilltop Shopping Center on Arkansas Avenue. Photo by Carol A. Clark/ladailypost.com
The first five homes taking shape Friday on the 44-home Arkansas Place development on the former Black Hole 
property adjacent to Hilltop Shopping Center on Arkansas Avenue. Photo by Carol A. Clark/ladailypost.com
By CAROL A. CLARK
Los Alamos Daily Post
caclark@ladailypost.com

After some unexpected project delays including the COVID-19 pandemic, homes are finally going up and are

Read More

New Mexico Mortgage Finance Authority’s ‘Restoring Our Communities’ Program Helps To Restore Vacant Houses And Provide Affordable Housing Opportunities

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The New Mexico Mortgage Finance Authority (MFA) launched its new ‘Restoring Our Communities’ Program (ROC) Sept. 1, to help meet New Mexico’s need for affordable housing units, while assisting communities in reducing vacant and abandoned houses that decrease property values. MFA allocated $4 million in funding from the New Mexico Housing Trust Fund to the ROC Program. This before-and-after photo is an example of a previous home restoration project made possible by MFA. Courtesy/Homewise and Google Earth

MFA News:

ALBUQUERQUE — The New Mexico Mortgage Finance Authority (MFA) launched Read More

McQuiston: Answers To 5 Common Insurance Questions About Home Water Damage

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By ALLEN MCQUISTON
Jemez Agency Insurance
Serving Los Alamos Since 1963

Water can quickly cause major problems in your home with a sudden, unexpected event like a burst pipe. While many homeowners underestimate the frequency of water issues that arise from plumbing or appliances, it’s helpful to know what your insurance will cover should a non-weather water incident occur.

According to the Insurance Information Institute, over a five-year period, on average just over one non-weather water claim was filed per 50 homeowners policies each year and the average cost per claim was almost $11,000. Read More

Congressional Delegation Announces $500,000 To Support Affordable Housing Access In New Mexico

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U.S. Congressional News:

WASHINGTON, D.C. — U.S. Senators Martin Heinrich (D-N.M.) and Ben Ray Luján (D-N.M.) and U.S. Representatives Teresa Leger Fernández (D-N.M.), Melanie Stansbury (D-N.M.) and Gabe Vasquez (D-N.M.) welcomed $500,000 in federal funding for Multifamily Housing and Congregate Housing Services programs in New Mexico from the U.S. Department of Housing and Urban Development (HUD) to improve access to quality, affordable housing for low-income seniors.

“Every New Mexican deserves a safe and secure place to call home,” Heinrich said. “I’m proud to welcome this federal Read More