New Mexico Government Announces $20,000 Homeowner Aid Program

The COVID-19 pandemic has affected many individuals and families, and for those who own homes in New Mexico, the financial hardship can be especially challenging. Fortunately, there is hope for those who are struggling to keep up with their mortgage payments, taxes, and insurance. The Homeowner Assistance Fund (HAF) is a federal program that provides grants of up to $20,000 per household to help cover these expenses and maintain housing or reduce delinquency.

To be eligible for the New Mexico Homeowner Assistance Fund (HAF), homeowners must meet certain requirements. These include attesting to experiencing financial hardship due to the COVID-19 pandemic after January 21, 2020, providing income documentation, and having an income at or below 150% of the area median income or 100% of the median income for the United States. Additionally, applicants must own and occupy a primary residence in New Mexico and the original loan balance must not exceed $417,000 or the conforming loan limit in place at the time the loan was originated.

The application process is straightforward, and the funds can be applied directly to the housing provider/payee. The program covers home loan reinstatement, payment assistance for households receiving unemployment benefits, and assistance for homeownership insurance costs and delinquent property taxes for the three most recent years. To learn more about the application process and apply, visit the program’s website.

It is important to note that the Homeowner Assistance Fund (HAF) has a deadline for states to use up the funds by Sept. 25, 2025, and many states are already running out of funds due to the high volume of applications. If you believe you may be eligible, it is recommended to apply as soon as possible.

For renters who are facing financial hardship, the New Mexico Emergency Rental Assistance Program is still accepting applications from qualifying renters who are facing eviction. However, this program is winding down and there are many other rent assistance programs available in New Mexico, both related to the pandemic and not. You can find a list of available programs in your area at the National Low Income Housing Coalition website. Additionally, programs may also be available at the city or county level, so be sure to check with your local government as well.