home ownership

Housing New Mexico has recently opened its waitlist for homeowners who need financing to do renovation projects. The Home Improvement Program provides assistance through federal funds for income-eligible homeowners.

Democratic Congresswoman Teresa Leger Fernández is running for re-election and earlier this year, along with nine other members of Congress, introduced the Home of Your Own Act. It would create $30,000 grants to help people buy their first homes. The funds would be available to people who earn at or below 120 to 150% of the area median income. The money could be used for down payments but also things like closing costs or necessary repairs.