Southwest Neighborhood Housing Services

Services and Programs
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SWNHS offers a variety of services to assist with its mission of improving the quality of living for eligible families:

Owner Rehab Loans:

This program is designed to help homeowners in the Downtown, Oldtown, Sawmill, Wells Park, Santa Barbara/Martinez and other neighborhoods by providing low interest home improvement loans to families that are unable to secure financing through commercial lenders. Depending on family size, income, and debt load, interest rates range between 0% and market rates.

First Time Homebuyer Loans:

SWNHS has a variety of loans available for the first time home buyer. We offer competitive rates.

Down payment and Closing Cost Assistance:

SWNHS offers matching loans for down payment and closing cost assistance. The loan interest rate varies between two and five percent.

Homebuyer Education:

Homebuyer Education is a course that demystifies the complex process of buying a home. Some of the topics covered include budgeting, credit, savings, insurance, the role of a realtor and what can be expected at closing. A certificate of completion is issued to all participants.  Please call 505-243-5511 to inquire about more information.

Foreclosure Prevention Counseling:

This is a free service offered by SWNHS aimed at preventing foreclosure. Clients facing default are informed of their options and assisted in obtaining a resolution.

 

 

Downloadable Forms

Recent Home Rehabilitations

corteelicia.jpeg

A few years ago, Corte Elicia in the Adobe Acres neighbor hood wasn’t safe to walk in during the day, much less at night, according to neighbors and police.

 


Bernalillo County Sheriff's deputies said the street was known for homicide, vandalism, drug dealing, fraud and forgery arrests, family fights, disturbances, robberies and many aggravated battery and assault calls.
But the sheriff’s department cracked down on crime and closed down homes occupied by drug dealers, said Bob Garcia, Southwest Neighborhood Housing  Services executive director.
Today the South Valley street is quiet and a known drug house on the street has been turned into a turnkey home for a first-time buyer.
Garcia said when police cracked down on crime, the property was condemned and SNHS rehabilitated it.
The more than 8,000-square foot-lot on Corte Elicia now houses a three-bedroom, two-bathroom residence with a two-car garage.

“This is our first drug house rehabilitation in the South Valley,” he said. 
According to Garcia, his organization’s goal is to rehabilitate at least six problem properties a year throughout Albuquerque and Bernalillo County. 
“We want people to own their own homes, and we have all kinds of programs to help them get there,” Garcia said. “Our goal is to invest people in their neighborhoods and communities. We do this through home ownership.”

Copyright 2008, Southwest Neighborhood Housing Services