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Article: New Mexico MFA funds Indian housing
- Article from:
- Indian Country Today (Lakota Times)
- Article date:
- July 28, 2004
- Author:
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Fogarty, Mark
Indian Country Today (Lakota Times)
07-28-2004
ALBUQUERQUE, N.M. - The New Mexico Mortgage Finance Authority has funded
$17.5 million in American Indian housing between 1992 and 2003, and has
several new projects under way this year.
NMMFA is funding two Low Income Housing Tax Credit projects this year at
the Laguna pueblo, and has also structured a unique use of several programs
at Laguna and three other Indian pueblos, according to Michelle Den
Bleyker, loan underwriter.
At Laguna, the tax credits will help fund two single-family housing
projects, with a total of 79 units. Both new construction and rehabs will
be included.
The state housing agency also is packaging money from the ...