New Mexico Mortgage Finance Authority Board of Directors approves $3.3 million for La Serena Apartments from New Mexico Housing Trust Fund and other funding sources

ALBUQUERQUE, N.M. – The New Mexico Mortgage Finance Authority (MFA) Board of Directors approved $3.3 million in funding at its September meeting for the new construction of La Serena Apartments, an affordable senior housing community in northwest Albuquerque for individuals aged 55 and older. The project will be funded in part through loans from the New Mexico Housing Trust Fund ($1 million), the National Housing Trust Fund ($1.5 million) and HOME ($800,000), which is a federally funded program under Housing and Urban Development.