NMTC financing helped Pueblo of Laguna Utility Authority complete the rehabilitation of the water and wastewater system throughout the tribal lands of Pueblo of Laguna, N.M. The previous water system, which supported six villages, suffered from recurring system failures.
The 4Points Laguna project promises to enhance the water and waste water systems by providing 60 percent more capacity, as well as safety measures that would allow for an appropriate fire protection system throughout the pueblo.
The first phase of this project received $23 million in NMTC financing from the New Mexico Finance Authority. The second phase of funding was provided through $14 million in NMTC financing from Clearinghouse CDFI. The project has created 20 full-time jobs, a majority of which are filled by Native American and low-income employees.
