• New Mexico Statistics
• Funding Resources
  • Loan Guarantees
  • Subordinated Mortgages
  • Equity Grants & Financing
  • Interest Rate Subsidies
  • Rent Supplements
  • Tax Credits, Exemptions & Deductions
  • Technical Assistance
  • Maturity Linked Funding
  • Community Legislation & Assistance
  • Additional Programs
• Contact Information
  • NM Congressional Delegation (PDF)
  • Federal Agencies (PDF)
  • NM State Government Contacts (PDF)
  • New Mexico Legislative Contacts (PDF)
  • Other Contacts (PDF)
• BBER Case Studies

Equity Grants & Financing

DESCRIPTION:

• Equity grants/financing reduces the capital outlay for a project without increasing debt.
• Equity grants/financing comes in the form of direct cash contributions, gifts or sales at below market prices for public land and/or buildings.

FUNCTION:

• Equity financing reduces the need for borrowing, which improves project cash flow and strengthens collateral coverage.
• Projects with equity grants may attract investors with limited commitment to the project since equity grants are not investor funding.
• Equity financing and venture capital are used to generate money for business projects in return for an equity share of a company.

QUALIFICATION AND USE CRITERIA:

• To be eligible for an equity grant, projects must contribute to local housing and commercial revitalization efforts.
• Other requirements may be associated with equity grants such as bringing the property up to code, rehabilitating the facade, etc.
• Occasionally other rules apply such as urban homesteading programs where sales prices may be set at one dollar.

PROGRAM STRUCTURE:

• Equity grants are usually negotiated with the grantor and are often used in conjunction with other enhancements.

DOWNLOADABLE DOCUMENTS (PDF):

• Administration for Native Americans (ANA) Grant
• Advanced Technology Program (ATP)
• Airport Improvement Program (AIP)
• Angel Investments
• Economic Development Administration (EDA) Indian and Area Planning Program
• Economic Development Administration (EDA) Public Works and Development Facilities Assistance
• Federal Home Loan Mortgage Association (Freddie Mac) - All Programs
• Federal Home Loan Bank Economic Development Program Plus
• Federal National Mortgate Association (Fannie Mae) - All Programs
• Flywheel Ventures Investments
• FSA Farm Labor Housing Loan/Grant - Section 514/516
• Mesa Capital Ventures
• New Mexico Film Mentorship Program and Workforce Training Programs
• New Mexico Job Training Incentive Program (JTIP)
• New Mexico Private Equity Investment Program
• New Mexico Community Capital (NMCC) Venture Capital Fund
• Rural Development Housing Preservation Grants - Section 533
• Rural Development Rural Business Enterprise Grant Program (RBEG)
• Rural Development Rural Business Opportunity Grant Program (RBOG)
• Rural Development Rural Housing Loans and Grants - Section 504
• Small Business Administration (SBA) Small Business Investment Company (SBIC)
• Technology Ventures Corporation (TVC)
• Venture Capital

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