New Mexico

New Mexico Mortgage Finance Authority

MFA is New Mexico’s leader in affordable housing. We provide innovative products, education and services to strengthen families and communities.

Relationship to the State Government: Quasi-governmental

Current Staff Size: 107

Visit NMFA's Website


NMFA is established.



First multifamily projects completed.



Took all housing programs from the state.



Awarded tax credits for tribal developments.



Among first Capital Magnet Fund recipients.



$5 billion in assets, record production.


Total Financing Provided


Renters Served Since 1975


Homeowners Served Since 1975

Signature Program

Tribal Housing

MFA has created a true partnership with Native American tribes in NM that has allowed us to address many of the complex challenges across the full spectrum of tribal housing. MFA has a dedicated tribal liaison, and it also houses and staffs the New Mexico Tribal Homeownership Coalition. Tribal housing authorities have expanded their focus from homeownership to rehabilitation, weatherization, single-family development and even rental development using low-income housing tax credits.

LIHTC projects developed on tribal lands: 16

Future Focus


Isidoro “Izzy” Hernandez

Executive Director

“New Mexico is a very large and diverse state with tremendous needs across the full spectrum of housing, from homelessness to homeownership and beyond. Our emphasis at MFA will be continuous improvement across our organization and in all of the areas of housing we touch in order to significantly increase the number of households assisted.”

Success Stories
Joanne Smith

Fruitland, NM

Joanne Smith lost her employer-provided housing when she accepted a teaching job on the Navajo Nation. Committed to her students, she stayed with friends during the week and slept in her car on weekends. When her school temporarily closed due to Covid, it was the push she needed to contact MFA to see about buying her first home. Thanks to MFA’s down payment assistance, she became a homeowner in October 2020. “I’m very thankful that I can unpack and sleep in my own bed now,” she said.

Cheryle Anderson

Gallup, NM

Growing up in Gallup NM, Cheryle Anderson’s family moved frequently. It was her mother’s lifelong wish to have a “forever” home, but that didn’t happen before she passed away when Cheryle was 18. Cheryle had promised her mother that she would do two things: graduate from college and buy a home. Year later, and with MFA’s help, she has made good on both promises. “I did it in memory of her,” Cheryl said, “because she always wanted a home in the neighborhood that I now live in.”

Roberta Wilson

Albuquerque, NM

Living in a house without insulation in the attic, walls or crawlspace last winter reduced Roberta Wilson’s living space to the small area she could afford to heat with a space heater. Layered in hats, boots and scarves day and night, the cold began to take an emotional toll. MFA insulated the entire 700 sq ft house, which Roberta says changed her life. “How do you put a value on physical and mental health?”, Roberta asked.

Imperial Building, mixed-use, downtown Albuquerque NM
Chuska Apartments, Gallup, NM
Village Sage, transitional housing, Santa Fe, NM
Traditional plaza in Ohkay Owingeh Pueblo, NM
Casitas de Colores “Colorful Houses” Albuquerque, NM