Finance Authority Outlines Loan Programs, Water Trust Demand and Systems Upgrade
New Mexico Finance Authority told lawmakers it is modernizing systems, underwriting Opportunity Enterprise loans for housing and commercial development and expects the Water Trust Board to recommend 114 applications that far exceed available funds; staff urged a two‑track process to absorb larger awards efficiently.
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Marquita Russell, CEO of the New Mexico Finance Authority, briefed the subcommittee on NMFA’s structure, program activity and operational improvements. She said NMFA administers 25 programs across 13 statutes and serves as administrator for several policy boards, including the Water Trust Board and Opportunity Enterprise and Housing Development Review Board.
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