USDA Rural Development Increases Grant Fund Limits for New Mexico Wildfire Damaged Homes

Director Patricia Dominguez

USDA News:

ALBUQUERQUE – U.S. Department of Agriculture (USDA) State Director Patricia Dominguez announced today that the department will increase grant funding to areas in New Mexico receiving a Presidential Disaster Declaration due to the wildfires. of forest this summer.

“This funding will help offset the cost of repairing homes damaged by the wildfires we saw ravaging our state this summer,” Dominguez said. “The one-time grant will increase from $10,000 to $36,520 for low-income senior residents living in rural counties of Colfax, Lincoln, Mora, San Miguel and Valencia that have been directly affected by the wildfires.”

(Click here to see the FEMA Presidential Statement Disaster Map.)

Funding is available through Rural Development’s 504 Repair Grants and Loans program which helps residents repair, improve or upgrade their homes or provides grants to very low-income senior homeowners to repair their homes.

An additional 1% loan of up to $40,000 is also available for people living in rural areas with fewer than 20,000 people, including those affected by wildfires.

To qualify for the 504 Loans and Grants Funding Program, you must:

  • Owning and occupying the house
  • Being unable to obtain affordable credit elsewhere
  • Have a family income below 50% of the median income of the region
  • For grants, you must be 62 or older and unable to repay a repair loan

For more information about this program or to apply for funds, contact USDA Rural Development at 505.761.4948.

For more information on the 504 Housing Rehabilitation Program, visit this website.

About Keneth T. Graves

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