New Mexico Finance Authority Summit – May 17, 2011
Securing Millions in Federal Funding for New Mexico Communities
For Immediate Release
Contact: John Duff, CEO
SANTA FE, May 16, 2011—Hosted by the New Mexico Finance Authority (NMFA), a Federal Funders Summit will convene on Tuesday May 17th, 2011 from 1:30 p.m. to 4:30 p.m. at the Museum of International Folk Art in Santa Fe. Press is invited.
The roundtable meeting will include federal partners and representatives from the New Mexico Congressional Delegation, State Legislature and the Office of the Governor to discuss funding availability, matching requirements, restrictions and grant programs. The goal of the Summit is to identify and utilize every available federal dollar for capital needs improvements in New Mexico’s communities.
Attending federal partners include: The Small Business Administration, USDA, HUD, NRCS, U.S. Army Corps of Engineers, and the EPA. Representing the State of New Mexico will be Richard May, Cabinet Secretary for the Department of Finance Administration and representatives from the Departments of Environment; Energy, Minerals and Natural Resources; Economic Development; and all the Directors of the Council of Governments.
The Summit is planned to be the first in a series of steps aimed at solving an important economic problem: many of New Mexico’s communities have critical infrastructure needs for which federal government programs can provide grant funds. At the same time, these agencies usually find it impossible to spend all of the funds they have available in New Mexico and end up returning significant amounts of funds to Washington. A common reason is the inability of our communities to come up with matching funds necessary to obtain federal grants.
The goal at the New Mexico Finance Authority is to find ways to use its programs to provide the necessary matching funds to the communities, or to address other reasons that prevent available federal funds from being used.
204 1-877-ASK-NMFA * Main Fax: 505-992-9635
Accounting Fax: 505-992-9640 * www.nmfa.net
207 Shelby Street
Santa Fe, NM 87501
“In response to shrinking capital outlay and lost grant opportunities, this Summit will allow funding agencies to review every grant program in sufficient detail so that we can work together to put 100% of available funding — literally tens of millions — to work in our communities.” John T. Duff, CEO, New Mexico Finance Authority
The NMFA was created in 1992 by the state legislature to assist local governments with affordable financing for capital equipment and infrastructure projects by providing low-cost funds and technical assistance. Since its inception, the NMFA has made affordable loans totaling nearly $2 billion for tribal, state and local governments statewide. It also administers two federal Drinking Water grant programs (112 projects to date totaling $111.7 million) and two grant-funded programs for the state; the Water Projects Fund (192 projects to date totaling $183 million) and the Local Government Planning Grant Fund (72 projects to date totaling $1.86 million).
Download the official PDF file here