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2008 CAPER Tables - MFA - Housing New Mexico

2008 CAPER Tables - MFA - Housing New Mexico

2008 CAPER Tables - MFA - Housing New Mexico

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Objective Status<br />

Objective 6 - Work with existing workforce housing project sponsors to ensure 3<br />

projects begin construction in <strong>2008</strong>, and enroll 1 new sponsor in program.<br />

1-Improve project management.<br />

Regular conference calls with UniDev & Wallen; in August traveled to Hobbs to meet with sponsors; communicate frequently with Carlsbad.<br />

2-Assist in finding project predevelopment and construction financing.<br />

Wells Fargo has pulled out of the NM market and will not provide construction financing for any projects. LES provided financing for Eunice model ho<br />

Percent Complete<br />

Objective Status<br />

3-Evaluate and, if necessary, revise application process.<br />

Revised application.<br />

Status Met<br />

Comments<br />

Strategies were met, but Objective was not met due to circumstances beyond <strong>MFA</strong>'s control. ET has determined that overall Goal was met<br />

Status<br />

Status<br />

Met<br />

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