Mortgage Finance Authority: COVID-19 Housing Cost Assistance Program

The COVID-19 Housing Cost Assistance Program will provide qualifying New Mexicans with as much as $1,500 per month for up to three months to pay back rent or mortgage payments and other housing costs. The link to the electronic application will be live on MFA’s website on November 2. Paper applications may be requested by calling 505.308.4206 or 866.488.0498.

Applications will be ranked based on household income level or tribal land residency and the date and time the application was received.

Amount: Recipients may receive $1,500 per month for up to three months to pay back rent or mortgage payments and other housing costs.

Eligibility: New Mexico households earning 80 percent or less of the median income in their area, adjusted for family size. In order to qualify, applicants must prove that they have suffered a financial hardship that is directly related to the COVID-19 health crisis and documentation of delinquency. For complete program details, including household income limits by county see the Mortgage Finance Authority website (link below).

Deadline: Applications will be accepted from November 2 through November 13 only.

Resource Information
Funder Mortgage Finance Authority
Eligibility Individual
Resource URL: http://www.housingnm.org/static/covid-assistance
Sector COVID-19 Emergency Response
Grant Amount $0-$1,500
Deadline Closed