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new mexico mortgage finance authority the state's designated housing agency, provides affordable housing finance through a variety of programs ranging from assistance for the homeless, to apartment development, to homeownership throughout New Mexico.

Created by the state of New Mexico, the MFA is a fully self-supporting, not-for-profit enterprise and does not receive any state funds for its operations. Since its inception in 1975, the MFA has provided more than $3.2 billion in affordable housing for families in New Mexico. The MFA is not a state agency. Created by state law with a mandate to provide affordable housing in New Mexico, the MFA is given authority to issue tax-exempt mortgage revenue bonds. Proceeds from bond sales are used to fund below-market interest rate loan programs for single-family homebuyers and for developers of affordable multi-family dwellings.

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