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MFA staff say manufactured homes and mobile‑home parks are eligible for multiple programs; committee seeks more data

New Mexico Finance Authority (MFA) Oversight Interim Committee · October 23, 2025
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Summary

Legislators pressed MFA on support for manufactured homes and mobile‑home parks; MFA said manufactured units represent about 10–12% of homeownership production and that rehab and innovation funds can support park infrastructure, and committed to provide a production breakdown and clarifying guidance.

Representative Marian Matthews asked MFA how much of its recent activity has supported manufactured housing and whether mobile‑home parks are eligible for rehabilitation or infrastructure funding. Director Izzy Hernandez said MFA estimates manufactured homes account for roughly 10% of production under the homeownership program (about 245 manufactured‑home loans year‑to‑date, roughly 12% of that line) and cited a Hobbs development that received about $2 million in revolving credit.

MFA staff said manufactured homes are generally eligible for down‑payment assistance, rehab and preservation programs, and that the housing innovation program can be used to fund infrastructure or improvements to mobile‑home parks where appropriate. Robin Unruh pointed committee members to slides for program details (preservation slide 8 and innovation slide 14) and offered to provide a production report showing county‑level activity.

Committee members raised practical concerns: Representative Matthews asked whether most manufactured homes are sited on individual lots or in parks (MFA said most are not in parks), and whether utilities, sewage and other park infrastructure problems could be addressed under current programs. MFA replied there is no program exclusively for park rehabilitation but that eligible activities exist under preservation and innovation programs and that MFA can evaluate applications based on scope of work.

Members requested earlier access to the packet and a follow‑up breakdown of funding and production for manufactured and mobile housing. MFA agreed to deliver a production report and to clarify program eligibility and potential assistance pathways for park owners and residents.