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207 Shelby Street

Santa Fe, NM 87501

Phone: (505) 984-1454

Toll Free: (877) ASK-NMFA

Fax: (505) 992-9635

frontdesk@nmfa.net

Who we are, and what we do.

The NMFA

Funding Sources

Project Types

Qualified Entities

The NMFA

The New Mexico Finance Authority (NMFA), created in 1992 with passage of the New Mexico Finance Authority Act (Chapter 6, Article 21, NMSA 1978), assists qualified governmental entities with affordable financing of capital equipment and infrastructure projects by providing low-cost funds and technical assistance.  The emphasis of our programs is on capital projects with a useful life of 3 years or longer.  The NMFA is a state instrumentality which operates under rules and regulations approved by the NMFA Legislative Oversight Committee.  Our Board of Directors is comprised of 12 members, including 4 state cabinet members and other appointed and standing members with experience in capital finance, governmental planning, and local government.

Funding Sources

The NMFA assists qualified governmental entities in the financing of capital equipment and infrastructure projects at any stage of completion – from pre-planning through construction – by providing low-cost funds and technical assistance through its five main financing sources:

• Drinking Water Revolving Loan Fund (DWRLF)

• Primary Care Capital Fund (PCCF)

• Public Project Revolving Fund (PPRF)

• State Buildings and Automation Project Financing

• Water and Wastewater Grant Fund (W/WWGF)

The  Water Trust Fund (created in 2001) is also administered by the NMFA, and the NMFA provides staff support to the Water Trust Board which oversees this fund.   

As of June 30, 2003, the NMFA has financed more than $627.1 million in capital projects across New Mexico, from all of its funding programs.

Project Types

The emphasis of NMFA’s programs is on funding capital projects with a useful life of 3 years or longer.  Projects that can be funded through our programs include:

• Equipment
• Buildings
• Hospitals
• Water Systems
• Sewer Systems
• Solid Waste Facilities
• Streets
• Airports
• Municipal Facilities
• Parking Facilities

Qualified Entities

Governmental entities within New Mexico that can receive funding through NMFA’s programs are defined by state statute to include the following:

• State of New Mexico
• State Agency
• State Institution
• County
• Municipality
• School District
• Special District
• Community Water Association
• Land Grant Corporation
• Indian Nation, Tribe, or Pueblo located wholly or partially within New Mexico

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This page last modified:  01/06/06