$250K Grant Boosts Affordable Housing in Taos, New Mexico

Strategic Insights -

A $250,000 grant from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Centinel Bank of Taos will support affordable housing development at Taos Pueblo, New Mexico, helping to address critical housing needs in the region. The grant was awarded through the Native American Housing Opportunities (NAHO) Fund, a program created to support housing initiatives by federally recognized tribes and tribally designated housing entities. This partnership aims to provide safe and stable homes for families in need, highlighting the importance of affordable housing in the long-term vitality of Taos.

Key Takeaways:

  • The $250,000 grant from FHLB Dallas and Centinel Bank of Taos will support affordable housing development at Taos Pueblo, New Mexico, addressing critical housing needs in the region.
  • The grant was awarded through the Native American Housing Opportunities (NAHO) Fund, a program created to support housing initiatives by federally recognized tribes and tribally designated housing entities.
  • Taos Pueblo is one of 11 recipients of the 2025 NAHO Fund awards, which total $2.7 million.
  • Grant funds may be used for a wide range of housing-related needs, including down payment and closing cost assistance, rental support, home repairs, and new construction.
  • The program also provides grants for administrative and operational expenses such as new program development and consultant fees.
  • Angel Reyes, president and CEO of Centinel Bank of Taos, stated that affordable housing is essential to the long-term vitality of Taos and that this grant will help ensure more families have access to safe, stable homes.
  • Greg Hettrick, senior vice president and director of Community Investment at FHLB Dallas, emphasized the importance of the NAHO Fund in closing critical housing affordability gaps in northern New Mexico.

Statistics:

  • The NAHO Fund awards totalled $2.7 million in 2025, with Taos Pueblo receiving $250,000.
  • The grant funds may be used for a wide range of housing-related needs, including down payment and closing cost assistance, rental support, home repairs, and new construction.
  • FHLB Dallas has total assets of $116.1 billion as of June 30, 2025.

Sources:

  • Federal Home Loan Bank of Dallas
  • Centinel Bank of Taos
  • Federal Home Loan Bank of Dallas (FHLB.com)

Note: The original text is not specified as a source, so it has not been included in the list of sources.