Finance New Mexico was created in 2006 to help bolster the economy of the State of New Mexico. The limited liability company is owned by the New Mexico Finance Authority, a broad-based financing agency, and New Mexico Community Capital, a certified non-profit CDFI. The New Mexico Finance Authority acts as Managing Member and provides staff support to the Community Development Entity.
In 2007, Finance New Mexico made its first application for New Markets Tax Credits to the CDFI Fund and received a $110 million allocation to finance job-creating businesses, particularly in rural communities, and downtown redevelopment projects. Since its initial award, Finance New Mexico has created a competitive, transparent process for selecting and structuring New Markets transactions for projects that are expected to create more than 786 permanent jobs for New Mexicans.
With this momentum, Finance New Mexico has received three additional awards in 2010, 2014 and 2016 totaling $136 million in New Markets Tax Credits allocation.
Finance New Mexico , LLC is an Equal Opportunity Provider