Applications being accepted

The New Mexico Mortgage Finance Authority is accepting applications Nov. 2-13 for mortgage and rental assistance through its COVID-19 Housing Cost Assistance Program.

Applicants can receive up to $1,500 a month for three months to help with housing costs. The MFA said some qualifying payments include mobile home liens and their land/lot they are on, and past-due rent or mortgage. The assistance does not require repayment.

Applications will be ranked by the date and time they were received, household income level, and tribal land residency. Applicants are advised to begin gathering required documents in preparation for the application period.

The full list of required documents can be found on housingnm.org by clicking “COVID-19 rent or mortgage assistance”. Documents include proof of household income, proof of financial hardship due to COVID-19, proof that housing payments are past due, and proof of residency. Applicants must also certify they did not receive other housing assistance for those same expenses.

Household earnings must not exceed HUD's “moderate income” level, which is 80% or less than the median income of their area. In both Roosevelt and Curry counties, that amount is $30,750 for a one-person household, $39,550 for a three-person household and $47,450 for a five-person household. Other income levels are detailed on the website.