MFA Housing New Mexico

What MFA Housing New Mexico does

MFA Housing New Mexico (legal name: New Mexico Mortgage Finance Authority; DBA: Housing New Mexico) is a state housing finance authority established in 1975 and headquartered in Albuquerque, New Mexico. The organization administers federal and state housing programs — including HOME Investment Partnerships, Low-Income Housing Tax Credits (LIHTC), HOPWA, ESG, and DOE Weatherization Assistance — to make housing available to low- and moderate-income households across all 33 New Mexico counties. Its program portfolio spans the full housing continuum: affordable first-mortgage lending (FirstHome), down payment assistance second mortgages, multifamily development financing (542(c) Risk Share, HOME, Primero, ZIHP), rental assistance vouchers, homelessness prevention and rapid rehousing, the Energy$mart Weatherization Program (active since 1997), and HOPWA supportive housing.

The technology backbone is web-based loan servicing delivered through the MitasPortal (The Mitas Group), supplemented by DocuSign for autodraft enrollment, PowerLender/MFA LRS for lender reservations, VirPack for document exchange, NextGen for property compliance, and HomeLoanServ (Idaho Housing Finance Agency) for first-mortgage payment processing. A wholly-owned CDFI subsidiary, Ventana Fund (established 2014), provides early-stage financing for tribal, rural, and underserved communities.

MFA operates as a hybrid public-sector/government-entity model rather than a commercial business. The bulk of its capital comes from federal and state appropriations and bond/grant funding (HOME, HUD, ESG, HOPWA, DOE, USDA Rural Development), which is largely passed through to eligible households, developers, and service providers rather than retained as revenue. Earned revenue is generated through (i) interest income on originated down-payment-assistance second mortgages, (ii) transactional loan servicing fees (e.g., $35 payoff requests, $5–$25 late payment and document fees), and (iii) selected program administration fees. Go-to-market is enterprise field-sales oriented, with statewide outreach through participating mortgage lenders, REALTORS, housing developers, tribal housing agencies, and community nonprofits. End-buyer programs are free to eligible households meeting HUD area median income thresholds. No private equity or venture backing is present.

Name

MFA Housing New Mexico

Legal name

New Mexico Mortgage Finance Authority

Website

https://housingnm.org

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

51–100 employees

Short description

MFA Housing New Mexico (New Mexico Mortgage Finance Authority) is a New Mexico state housing finance authority that administers federal and state programs — affordable mortgages, down payment assistance, LIHTC, rental vouchers, weatherization, and homelessness services — serving low- and moderate-income households, developers, tribal agencies, and community partners statewide.

Ownership category

akta.pro rank

Product category

Affordable Housing Finance

NAICS

Administration of Housing Programs (925110)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

National Housing Finance Agencies & Ministries (FSALAKAB)

akta.pro secondary industries

Down Payment Assistance (DPA) & Homebuyer Subsidy Programs (FSALAKAE), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF), Rural, Tribal & Special-Population Housing Programs (FSALAKAL), Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)

Keywords

• Affordable housing finance
• Down payment assistance
• Mortgage loan servicing
• Rental assistance programs
• Low-income housing tax credits

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Government Grants and Allocations: MFA receives federal and state appropriations and grant funding (e.g., U.S. Department of Energy, ESG, HOME Investment Partnerships, HUD funds, HOPWA) to operate housing assistance programs. These funds are passed through to eligible households and developers rather than retained as revenue.
2. Loan Servicing and Administration Fees: MFA collects fees for loan servicing activities including payoff processing ($35), late payment penalties, check-by-phone charges ($10 max), document copies ($5), and other mortgage holder administrative fees. These fees are charged to borrowers with MFA-financed mortgages.
3. Down Payment Assistance Loans: MFA originates second-mortgage down payment assistance loans to homebuyers. These loans are repaid directly to Housing New Mexico by borrowers and generate interest income over the loan term.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

MFA Housing New Mexico (the New Mexico Mortgage Finance Authority) is a state housing finance authority that delivers affordable mortgage loans, down payment assistance, rental assistance vouchers, homelessness prevention, home weatherization and rehabilitation, and developer financing for affordable multifamily and single-family housing across New Mexico. It administers federal programs (HOME, ESG, HOPWA, LIHTC, DOE Weatherization, USDA 538) and state-funded programs (NMHTF, Primero, ZIHP) on behalf of low- and moderate-income households, developers, lenders, and tribal housing agencies.

Product overview

MFA Housing New Mexico operates as a comprehensive housing finance authority offering a platform of housing-related programs and financial products. The core offerings include affordable mortgage financing through the FirstHome Mortgage Program paired with Down Payment Assistance loans, serving homebuyers across New Mexico. For developers, the organization administers federal programs including HOME Investment Partnership, Low-Income Housing Tax Credits (LIHTC), and 542(c) Risk Share loans for multifamily rental development. Specialized programs include the Energy$mart Weatherization Program, Zero Interest Homebuilder Program, and Primero Loan Program. The portfolio also encompasses homelessness assistance, rental assistance vouchers, and targeted programs for populations including persons with AIDS and recovery housing residents. The organization provides loan servicing for its mortgage products and facilitates developer financing through funds like Ventana Fund and Land Title Trust Fund.

Differentiator

Problem solved

Functional benefit

Products and services

• FirstHome Mortgage Program Affordable first mortgage loans for homebuyers purchasing homes in New Mexico, with access to down payment assistance.
• Down Payment Assistance (DPA) Second mortgage loans that provide financial assistance to help homebuyers cover down payment and closing costs.
• Energy$mart Weatherization Program Free home energy efficiency improvements for low-income households, including weatherization, heating/cooling upgrades, and home modifications.
• Home Rehabilitation Program Programs to help homeowners repair and rehabilitate their homes to maintain safe and habitable living conditions.
• HOME Investment Partnership Program Federal program providing below-market-rate loans to developers for land purchase, infrastructure development, and construction of single-family homes for low-income households.
• Zero Interest Homebuilder Program (ZIHP) Interest-free construction financing via New Mexico Housing Trust Fund to promote development of entry-level affordable homes priced for low-to-moderate income homebuyers.
• Primero Loan Program Flexible, low-cost loan program created in 1993 to fund affordable housing initiatives including pre-development, homeownership development, and land banking.
• 542(c) Risk Share Program FHA-insured multifamily construction and permanent loans with risk sharing between FHA and Housing New Mexico for affordable rental developments.
• Ventana Fund Certified Development Financial Institution (CDFI) established in 2014 providing early-stage financing for affordable housing construction and rehabilitation in underserved New Mexico communities.
• 538 Guaranteed Rural Rental Housing Program USDA Rural Development guaranteed loans for construction, improvement, and purchase of multifamily rental housing in eligible rural areas.
• State Tax Credits for Affordable Housing Tax credit program allowing individuals and businesses to receive up to 50% tax credit for donations to approved affordable housing developments.
• Low-Income Housing Tax Credits (LIHTC) Federal tax credits for developers building or rehabilitating affordable rental housing, administered by Housing New Mexico.
• Housing Opportunities for Persons with AIDS (HOPWA) Program providing housing assistance and supportive services for persons with HIV/AIDS.
• Homelessness Assistance Programs Emergency shelter, rapid rehousing, homelessness prevention, and supportive services for individuals and families experiencing homelessness.
• Land Title Trust Fund Program utilizing title company escrow interest to fund loans and grants for low-income housing and education scholarships.
• Mortgage Loan Servicing Loan servicing for Housing New Mexico-financed mortgages including payment processing, payoff requests, and customer service.
• Emergency Homeless Assistance Program Emergency funding for homeless assistance services.
• Rapid Rehousing and Homeless Prevention Housing assistance programs to quickly rehouse homeless individuals and prevent families from becoming homeless.
• Recovery Housing Program Housing support for individuals recovering from substance use disorders.

Quantifiable outcome

• In 2025: $81.6M invested, 1,518 new homes created; $555M first-mortgage financing for 2,287 families; $28.1M down payment assistance across 3,311 loans; 5,873 families supported through rental vouchers; 739 homes weatherized or rehabilitated.
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Idaho Housing Finance Agency (HomeLoanServ)coreTechnology or IntegrationIdaho Housing Finance Agency services MFA's first-mortgage loans through its HomeLoanServ platform. Borrowers make first-mortgage payments via homeloanserv.com, while MFA services second-mortgage down payment assistance loans directly.
• The Mitas Group, Inc.coreTechnology or IntegrationThe Mitas Group provides the MitasPortal web-based loan servicing platform used by MFA borrowers to access their accounts, make payments, view statements, and manage mortgage information online.
• Greater Albuquerque Habitat for HumanityminorChannel Partner/ Reseller/ DistributorParticipating developer in MFA's state tax credit donation program. Donors can contribute to affordable housing developments led by Greater Albuquerque Habitat for Humanity and receive state tax credits of up to 50% of the donation value.
• Santa Fe Habitat for HumanityminorChannel Partner/ Reseller/ DistributorParticipating developer in MFA's state tax credit donation program. Donors can contribute to Santa Fe Habitat for Humanity affordable housing projects and receive state tax credits.
• YES HousingminorChannel Partner/ Reseller/ DistributorParticipating developer in MFA's state tax credit donation program. YES Housing develops affordable rental properties in New Mexico and accepts donations that qualify donors for state tax credits.
• HomewiseminorChannel Partner/ Reseller/ DistributorParticipating developer in MFA's state tax credit donation program. Homewise develops affordable housing and accepts donations qualifying for New Mexico state tax credits through MFA's charitable trust.
• Ventana FundcoreStrategic or Co-development PartnerVentana Fund is a CDFI established in 2014 by private citizens and housing professionals to provide early-stage financing (land acquisition, pre-development, construction) for affordable housing in New Mexico's underserved communities, including tribal, rural, and low-income areas. MFA references Ventana Fund as a key partner in addressing the state's affordable housing gap.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Idaho Housing and Finance Association: Idaho's state housing finance agency offering first mortgages, down payment assistance, LIHTC, and rental assistance. Directly comparable to MFA as a peer HFA — and notably also serves as MFA's first-mortgage servicing partner via HomeLoanServ.
• California Housing Finance Agency (CalHFA): California's designated housing finance agency offering first mortgages, DPA, multifamily lending, and LIHTC allocation. Operates the same statutory HFA model as MFA, with similar federal funding streams and developer financing programs.
• Colorado Housing and Finance Authority (CHFA): Colorado's state housing finance authority providing affordable mortgages, down payment assistance, rental development financing, and LIHTC. Same HFA business model, product mix, and federal program administration scope as MFA.
• Texas Department of Housing and Community Affairs: Texas's state housing agency administering HOME, LIHTC, mortgage credit certificates, and rental assistance programs. Comparable state-level HFA operating with the same federal funding streams and developer/multifamily financing model as MFA.
• Nevada Housing Division: Nevada's state housing finance entity administering HOME, LIHTC, and affordable mortgage programs. Same state-HFA structure and federal funding model as MFA, serving a similarly small-population western state.

Regional players

• Arizona Industrial Development Authority: Arizona conduit financing authority administering multi-family housing bonds, LIHTC, and affordable housing loans. Comparable to MFA in LIHTC and multifamily development financing, though operates more narrowly as a bond conduit than a full HFA.

Broad incumbents

• Fannie Mae: Government-sponsored enterprise providing secondary market liquidity for affordable and conventional mortgages. Operates at national scale and indirectly supports MFA's mortgage origination through MBS purchasing and underwriting standards.
• Freddie Mac: Government-sponsored enterprise providing secondary market support for affordable housing finance, including HFA-targeted programs. Indirectly comparable to MFA via the secondary market infrastructure that backs MFA-originated first mortgages.
• U.S. Department of Housing and Urban Development (HUD): Federal agency that funds MFA's HOME, ESG, HOPWA, and other federal program allocations. As the upstream source of much of MFA's capital, HUD is the federal-level counterpart to the state-level programs MFA administers.

Others

• National Council of State Housing Agencies (NCSHA): Industry association representing state HFAs nationwide, of which MFA is a member. Not a direct competitor but an ecosystem participant that sets standards, advocates for federal housing appropriations, and coordinates among state HFAs like MFA.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/HousingNM
• YouTubeyoutube.com/@housingnewmexico
• Facebookfacebook.com/MFAhousingNM
• LinkedInlinkedin.com/company/housingnewmexico
• Instagraminstagram.com/housingnewmexico

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MFA Housing New Mexico