New Mexico Data and Stories

State Fact Sheet

Map of Selected Projects in New Mexico

Community Testimonials

I support the NMTC because of all the good it does for communities, especially in single family for sale homes. It gives people a chance to own their own home where dreams can be built.

-Nancy Janette Azerolo, Smith NMTC Associates, LLC

Selected Projects in New Mexico

Homewise Albuquerque

Albuquerque,
NM
(2018)

Affordable Housing, Community, Housing

CDE(s): Housing Partnership Network

NMTCs Help Families Get Energy-Efficient Homes in Santa Fe, N.M.

United Supermarkets – Albertsons

Carlsbad,
NM
(2018)

Community, Grocery and Fresh Food, Healthcare, Retail, Retail and Commercial, Rural

CDE(s): New Mexico Finance Authority, TruFund

NMTC financing was used to construct an Albertsons grocery store.

Continental Divide Electric Cooperative, Inc.

Grants,
NM
(2018)

Broadband, Community, Rural

CDE(s): New Mexico Finance Authority

Financing for Continental Divide Electric, serving 24,088 consumers living in Bernalillo, Cibola, McKinley, Sandoval and Valencia counties.

La Castenda

Las Vegas,
NM
(2018)

Business Development, Rural

CDE(s): Clearinghouse CDFI

Borrower is to rehabilitate the Plaza Hotel and rehab and re-open the La Castaneda Hotel.

Leprino Foods Company

Roswell,
NM
(2018)

Business Development, Food Manufacturing, Grocery and Fresh Food, Manufacturing, Retail, Retail and Commercial, Rural

CDE(s): New Mexico Finance Authority

Financing for the construction of a new Albertsons Market at 808 N.

Farmington Community Health Center

Farmington,
NM
(2014)

Community, FQHCs, Healthcare

CDE(s): New Mexico Finance Authority

NMTC financing for the PMS’ Farmington and Socorro FQHCs.

Friedman Recycling

Albuquerque,
NM
(2013)

Business Development, Manufacturing, Solar, Waste Management

CDE(s): New Mexico Finance Authority

A $22.2 million project included the acquisition of 10 acres of land, construction and equipping a 70,000 sq. ft. state-of-the-art material recovery facility capable of processing more than 120,000 tons

Laguna Wastewater Treatment System

Laguna,
NM
(2012)

Energy, Utility

CDE(s): Travois

The Pueblo of Laguna Utility Authority is an independent nonprofit entity, owned by the Pueblo of Laguna, which develops, manages and maintains utilities for the Pueblo of Laguna, the largest

Pueblo of Laguna Wastewater System Phases 1 and 2

Laguna,
NM
(2012)

Community, Manufacturing, Rural, Targeted Populations, Waste Management, Water Management

CDE(s): New Mexico Finance Authority

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, NM.

Parq Hotel

Albuquerque,
NM
(2010)

Business Development

CDE(s): New Mexico Finance Authority

Former hospital turned into a landmark status hotel, the Parq Hotel.

Navajo Tribal Utility Authority Electrical Substations

Shiprock,
NM
(2009)

Community, Targeted Populations

CDE(s): Travois

Financing for the construction of two electrical substations on the Navajo Nation Reservation

Hotel Andaluz

Albuquerque,
NM
(2007)

CDE(s): USBCDE

NMTC financing supported the rehab of the historic Hilton Hotel Andaluz. The project brought new jobs to the community, many of which were set-aside for Native Americans.

Site visits and recent news related to New Mexico NMTC Projects

Novogradac 2023 Operating Business QLICI of the Year Award Recipient: Santa Cruz Community Health Centers Live Oak Health Clinic

January 1, 1970

Highlands Hotel Projects Breaks Ground Downtown

March 11, 2019

New Mexico’s Homewise gets multimillion-dollar allocation

June 12, 2017