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Lengthy to-do list before NMFA begins approving $125 million in new housing loans • Source New Mexico

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Lengthy to-do list before NMFA begins approving 5 million in new housing loans • Source New Mexico


The head of the state’s finance authority tasked with doling out a windfall of housing loans said the authority is on track to OK loans in the fall — so long as what she called the “timeline gods” are merciful.

In the legislative session that wrapped up in February, lawmakers approved $125 million for the New Mexico Finance Authority to spend on workforce housing development and affordable housing infrastructure. Workforce housing is generally aimed at those who exceed income thresholds that would qualify them for subsidies.

It’s a big windfall for the relatively new Opportunity Enterprise Revolving Fund created in 2023 for commercial development and then amended legislatively to include housing. Under the new law this year, the fund will be used to address the statewide housing crisis. The state lacks at least 32,000 affordable housing units, according to a recent study. 

Citing the pressing need, Gov. Michelle Lujan Grisham, when she signed the legislation in late February, challenged the authority to approve loans by the fall. 

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Marquita Russel, CEO of the authority, told Source New Mexico on Friday that the authority has much to do before it can get that money out the door, and staff will be “threading the needle” to get it done by then.

House Bill 195, which goes into effect May 15, requires the authority to add new board members with expertise in housing and also create new rules governing the loan program. State rulemaking requires 45-day public comment periods, and the new board won’t be able to approve the initiation of draft rules until they convene after the law goes into effect.

The rules will be subject to multiple hearings, and the board will have to incorporate public comments once they are submitted, Russel said. 

“It’s a lengthy process,” she said. “It requires a lot of transparency and public hearing, and then notices, so it can’t happen quickly.”

NM housing agency predicts increase in foreclosures on home loans it oversees

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But when the application process opens, she hopes by late summer, private developers will have access to low interest loans to help build roads, sewers and other infrastructure to affordable housing projects or to build new housing for people, like many police officers and teachers, who can’t afford to live in the communities where they work. 

The fund as it exists now provides commercial loans at 60% of the Wall Street Journal prime interest rate on the day it is issued. That rate Friday was 8.5%.

Russel said she’s not sure whether the funds will go primarily for affordable housing infrastructure or workforce housing, or whether it will go to nonprofits or private developers. But she added that she believes there is a high demand for workforce housing and few places for developers to go for financing. 

Lawmakers this session also approved $50 million for the Mortgage Finance Authority’s Housing Trust Fund, which is geared for affordable housing programs and development. 

Taken together, the $175 million — plus $20 million to address homelessness and other individual housing projects — is the biggest housing investment in the Legislature’s history, aimed to boost new development of low- and middle-income housing. 

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Another bill passed this session, Senate Bill 216, adds nonprofit housing developers to a list of possible recipients of low interest loans for the NMFA’s Public Project Revolving Fund. That fund was established in 1992 for local government projects, but amended to let nonprofit housing agencies apply. 

However, Russel said no nonprofits who apply will be authorized to receive that money until the next legislative session, when lawmakers sign an annual bill approving recipients. 

But Russel said she hopes that fund, when it’s finally available, will end up becoming the go-to source of capital for housing nonprofits, leaving the $125 million fund for for-profit developers, “because there isn’t another place for those,” she said.

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Ice hasn’t stopped trout in northern New Mexico – Alamogordo Daily News

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Ice hasn’t stopped trout in northern New Mexico – Alamogordo Daily News


Information and photos provided by the New Mexico Department of Game and Fish Eli Rodarte caught a 24-inch rainbow trout using worms in the bait…



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Running hot and cold: New Mexico runners earn 17 All American awards at national XC championships

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Running hot and cold: New Mexico runners earn 17 All American awards at national XC championships


YOUTH SPORTS

Gianna Chavez earns fourth in boys 8-and-under race

Ava Denton, of Albuquerque Athletics Track, competes Saturday, Dec. 13, 2025 at the National Junior Olympic Cross Country Championship meet at Blue River Cross Country Course in Shelbyville, Indiana. Temperatures were in the 20s with a wind chill near zero.

New Mexico had 17 athletes earn All American awards at the 2025 National Junior Olympic Cross Country Championship meet held Saturday at snowy Blue River Cross Country Course in Shelbyville, Indiana.

Gianni Chavez, of Albuquerque Athletics Track, earned his fourth USA Track & Field All American award with a fourth place finish in the 8-and-under boys 2K race. Chavez, an Osuna Elementary third-grader, ran his 2K race in a personal best time of 7 minutes, 44.9 seconds.

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Gianni Chavez celebrates his fourth-place finish Saturday, Dec. 13, 2025.

The top 25 individual finishers and top three teams earn USATF All American awards.

The Cougar Track Club 8U girls team, based out of Albuquerque, placed second and was led by Antonette Marquez, who finished 12th. Other CTC 8U girls team members include Kimberly Reed (31st), Viola Crabbe Maple (55th), Payton Pacheco (61st), Chloe Chino (85th), Emery Grieco (113th) and Zay’a Cheromiah (149th).

Others individual All American award winners include Ava Denton, of AAT, 16th in 13/14 girls 4K; Brynlee Reed, of CTC, 22nd in 15/16 girls 5K; Sihasin Fleg, of Running Medicine, 21st in 8U girls 2K; Eden Pino, of Running Medicine, 12th in 9/10 girls 3K; Nizhoni Fleg, of Running Medicine, 14th in 17/18 girls 5K; Brady Garcia, of Running Medicine, seventh in 17/18 boys 5K; Justice Jones, of Zia, 14th in 9/10 girls 3K; Emilo Otero Soltero, of Dukes Track Club, 12th in 9/10 boys 3K; Miles Gray, unattached, 21st in 9/10 boys 3K.

Also Saturday, at the Brooks Cross Country Nationals in San Diego, Eldorado’s Gianna Rahmer placed 17th in the girls championship 5K with a time of 18:00.7 and Moriarty’s Carmen Dorsey-Spitz placed 25th 18:09.4.

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Anthony, NM man sentenced to prison, sold meth from parents’ property

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Anthony, NM man sentenced to prison, sold meth from parents’ property


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  • An Anthony, New Mexico man was sentenced to nearly 20 years in federal prison for selling methamphetamine.
  • David Amaya, 43, pleaded guilty to possession with intent to distribute after being caught in an FBI investigation.
  • Authorities found over 1,100 grams of methamphetamine and two firearms in a trailer on his parents’ property.

An Anthony, New Mexico man was sentenced to nearly two decades in federal prison for selling methamphetamine from a trailer on his parents’ property, authorities said.

A federal judge sentenced David Amaya, 43, to 19 years and seven months in prison on one count of possession with intent to distribute 50 grams or more of methamphetamine, New Mexico federal court records show. He was also sentenced to five years of supervised release after he serves his prison term.

U.S. District Judge Margaret I. Strickland handed down the sentence on Wednesday, Dec. 10, at the federal courthouse in Las Cruces, New Mexico. Assistant U.S. Attorney Kirk Williams prosecuted the case.

Acting U.S. Attorney for the District of New Mexico Ryan Ellison and FBI Albuquerque Field Office Special Agent in Charge Justin A. Garris announced Amaya’s sentencing in a joint news release.

Amaya pleaded guilty to the charge in September as part of a plea agreement that dismissed one count of possession of a firearm in furtherance of a drug trafficking crime, court records show.

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Anthony, New Mexico man sells meth on parents’ property

FBI agents began investigating Amaya after he sold methamphetamine to a “controlled buyer” in July and August 2024, the news release states. Controlled buys are when law enforcement uses an undercover agent or a witness to purchase drugs from a suspected drug dealer.

The agents obtained a search warrant on Aug. 22, 2024, for a “specific tow-behind type trailer that Amaya was known to be living in and conducting narcotics transfers out of,” a federal complaint affidavit states. The trailer was located on property owned by Amaya’s parents in Anthony, New Mexico, the news release states.

The trailer did not have a restroom, but agents found a small makeshift bathroom structure with a porta-potty inside next to the trailer. The agents then obtained a warrant to also search the small bathroom structure.

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The agents found “a large quantity of white crystalline substance suspected to be methamphetamine” throughout the trailer and bathroom structure, the affidavit states. In the bathroom, agents found a clothing hamper with “a gallon zip lock bag full of suspected methamphetamine” hidden inside.

Agents found a black Ruger .357 caliber handgun containing five rounds of .357 caliber ammunition and a black Mossberg 500 E410 gauge shotgun on the bed inside the trailer, the affidavit states. The news release states agents found “hundreds of rounds of ammunition.”

They also found about 4.42 grams of methamphetamine on the bed and another 26 grams under the bed, the affidavit states. Agents found eight more grams of methamphetamine on a nightstand.

Amaya told agents during an interview that the methamphetamine was his, he had acquired it over a period of time, and did not realize how much it was, the affidavit states. He added he “needed the guns for protection, so people would know he has them, making him safer,” the affidavit states.

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In total, the agents found 1,183 grams of methamphetamine.

Aaron Martinez covers the criminal justice system for the El Paso Times. He may be reached at amartinez1@elpasotimes.com.



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