LOAN PARTICIPATION PROGRAMS
NEW MARKETS TAX CREDITS
New Markets Tax Credits
ECONOMIC DEVELOPMENT BOND PROGRAM
About Economic Development Bond Program
The New Mexico Finance Authority is pleased to announce the availability of New Markets Tax Credits (“NMTC”) loan funds dedicated solely to New Mexico businesses. Loans for up to 25% of your project are available at a low interest rate. NMTC loans are combined with other sources of funding that is secured by the applicant and managed by Finance New Mexico.
Enacted in 2003, the Statewide Economic Development Finance Act (SWEDFA) authorizes the Finance Authority to issue bonds, make loans and provide loan and bond guarantees on behalf of private for-profit and non-profit entities.