Workers paint a new apartment complex near Old Town Albuquerque in 2022. New Mexico Finance Authority officials said on Jan. 12, 2026, that they’d approved nearly $75 million in housing loans, but mostly in urban areas. (Patrick Lohmann/Source NM)
Two years after the Legislature entrusted the New Mexico Finance Authority with $125 million to spur construction of middle-income and affordable housing, the authority has loaned out almost $75 million of it in support of roughly 700 new housing units.
But the majority of that funding has benefited urban areas, lawmakers on the House Appropriations and Finance Committee noted at a meeting Monday, despite lawmakers’ intent to boost housing development in rural New Mexico…