san-miguel-county-board-of-county-commissioners-minutes-august-12-2025_404.pdf
NMFA Rehab 2 Rental Pilot Program Presented
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Description
Staff outlined a Rehab 2 Rental pilot program in partnership with the New Mexico Finance Authority that would offer $25,000 forgivable loans per unit to landlords who rent to Section 8 tenants for at least five years. The Commission received the presentation but did not approve a formal contract.
Contract Details
Contract Amount
$25,000 per unit (forgivable loans)
Vendor
NEW MEXICO FINANCE AUTHORITY (NMFA)
Agency
Housing Authority of San Miguel county, NM
Contract Type
FINANCIAL_SERVICES
Document Date
August 12, 2025
Contract Term
5 years per property restrictive covenant
Renewal Info
Each loan includes a five‑year restrictive covenant after which the loan is forgiven if conditions are met.
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PENDINGIssuing Agency
Housing Authority of San Miguel county
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