NEW MEXICO (KRQE) – One local group has received some game-changing donations which they said will help them in their work to get New Mexicans housed. For decades, Homewise has helped thousands of New Mexicans across the state become homeowners.
Now, they are receiving $25 million from the charitable organization Yield Giving run by billionaire Mackenzie Scott. Yield Giving helps nonprofits around the world.
Homewise is also receiving another $10 million from the Anchorum Health Foundation in Santa Fe.
“As so many people know achieving the dreams of homeownership feels even harder today than ever before. So, this is a perfect time for this gift. It’s going to allow us to expand our lending programs that help first-time home buyers and others build wealth and achieve their dream of homeownership,” said Chief External Affairs Officer at Homewise Johanna Gilligan.
Albuquerque affordable housing complex to get renovated and add additional units
Homewise, which is based in Albuquerque and Santa Fe, said the funds will also help in their own development of homes. “We build homes because often the markets are not delivering homes that are affordable to first-time home buyers. So, it will be used to help subsidize our construction costs,” said Gilligan.