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Habitat for Humanity of Taos Homeownership Program

Habitat for Humanity of Taos · Taos, New Mexico

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Income limit

60% AMI

Of area median income; varies by county and household size

What is Habitat for Humanity of Taos Homeownership Program?

Habitat for Humanity of Taos Homeownership Program is a first mortgage for homebuyers in Taos, New Mexico, administered by Habitat for Humanity of Taos.

  • Habitat for Humanity of Taos provides homeownership opportunities to low-income families and individuals in Taos County by building affordable homes that the partner family purchases with an affordable, no-profit Habitat mortgage. Selected partner families contribute sweat equity, attend monthly homeowner meetings, and pay a down payment and monthly mortgage. The affiliate has built roughly 39-40 homes and runs periodic application cycles (the current cycle is open through May 31, 2026, with the next partner family selected June 30, 2026).
  • Affordable no-profit Habitat mortgage.
  • Sweat-equity path to ownership.
  • Homebuyer education and monthly homeowner meetings.
  • Newly built affordable home.
  • Funding comes from Habitat for Humanity of Taos donations, ReStore proceeds, grants (including Taos Community Foundation), and homeowner mortgage payments.

Do you have to pay it back?

Habitat for Humanity of Taos Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Taos.

  • Repayment is triggered by Monthly mortgage payments on the affordable Habitat mortgage; sale/transfer terms governed by the Habitat mortgage and any affiliate right of first refusal (specific terms not published online).
  • The assistance is recorded in First position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Habitat for Humanity of Taos Homeownership Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: No numeric minimum published; requires 'decent and responsible credit,' bankruptcy fully discharged for at least one year, and no court-ordered debt.
  • A completed homebuyer education course, through Habitat for Humanity of Taos (monthly homeowner meetings, homeowner education)
  • Residency: Applicants must live and work in Taos County for at least one year.
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. Selection requires demonstrated housing need; ability to pay a down payment and monthly mortgage; willingness to partner with Habitat (sweat equity, monthly homeowner meetings); decent/responsible credit with bankruptcy discharged at least one year and no court-ordered debt; live and work in Taos County for at least one year; all household members 18+ pass a criminal background check; income at or below 60% of Taos County HUD median. Application cycle open through May 31, 2026. UNCONFIRMED and left null: exact down payment amount, required sweat-equity hours, dollar income limits by household size, mortgage term, and resale/recapture provisions.

The program excludes

  • Manufactured homes
  • Households above 60% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Habitat for Humanity of Taos Homeownership Program limits household income to 60% of the area median income, which varies by county and household size.

  • Household income cannot exceed 60% of Taos County median family income as established annually by HUD. Specific dollar limits by household size are not published on the affiliate website.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Habitat for Humanity of Taos Homeownership Program caps the purchase price as follows: Not applicable; home is built and sold by the affiliate at no profit.

  • Eligible property types include Single Family.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity of Taos Homeownership Program serves buyers purchasing in Taos, New Mexico.

How do you apply?

Applications for Habitat for Humanity of Taos Homeownership Program go through Habitat for Humanity of Taos, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Habitat for Humanity of Taos (monthly homeowner meetings, homeowner education).

  2. Contact Habitat for Humanity of Taos to reserve funds

    Funds are reserved through Open application cycle with selection by the affiliate Family Selection Committee; current cycle open through May 31, 2026, selection June 30, 2026, and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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