New Mexico
Millions available through NM Preservation Loan Fund
ALBUQUERQUE, N.M. (KRQE) – New funding is now available through Housing New Mexico’s loan fund. The New Mexico Preservation Loan Fund is a flexible funding source for multifamily properties at risk of exiting the affordable housing stock.
Housing New Mexico says people can request up to $2 million to bring a property up to date by things as physical upkeep, financing for prospective owners who seek to acquire affordable multifamily projects over time, and predevelopment funding for existing Low-Income Housing Tax Credit properties pursuing re-syndication.
Those eligible include but are not limited to non-profit organizations, for-profit organizations, governmental housing agencies, entities, and instrumentalities, regional housing authorities, tribal governments and housing agencies, builders, corporations, limited liability companies, partnerhsips, joint ventures, syndicates, and associations.
More information about the New Mexico Preservation Loan Fund is available on its website. Information on Housing New Mexico’s funding opportunities for developers is available on their website.
SANTA FE, N.M. — Former New Mexico Public Regulation Commissioner Jim Ellison is running for governor as a Republican, he announced on social media Tuesday.
Ellison is running on affordability, opportunity and trust in government as the key points of his campaign. His experience includes serving on the NMPRC in 2023 and 2024.
“New Mexico deserves leadership that listens, acts, and delivers results. Our state has enormous potential, but too often that potential is held back by policies that don’t serve everyday New Mexicans,” he said on his website. “I’m running to bring practical solutions, honest accountability, and a renewed focus on the public interest.”
A Georgia native, Ellison has lived in New Mexico for 20 years and currently lives in the Albuquerque area with his wife and two children.
Ellison is aiming to get 5,000 signatures by Feb. 2, to appear on the primary ballot with at least three other Republicans who have announced their candidacy.
Ultra Health CEO Duke Rodriguez announced his campaign in December and recently confirmed to KOB 4 that he received enough signatures to appear on the primary ballot. Rio Rancho Mayor Gregg Hull and New Mexico State Sen. Steve Lanier are also running.
Three Democrats are running – Bernalillo County District Attorney Sam Bregman, Former Interior Secretary Deb Haaland and Former Las Cruces Mayor Ken Miyagishima.
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