Preserving Albuquerque Through Critical Housing (PATCH) Program

How it works

The PATCH Program will provide financial assistance in the form of 0% interest, deferred payment, forgivable loans for income-eligible homeowners in Albuquerque. The loans are secured by a recorded lien on the property, and the homeowner must occupy the home as their main residence for the full affordability period.

What the money covers

The city lists eligible repair categories including:

• Plumbing repairs or replacement, such as failing pipes, fixtures, and/or water supply systems to improve water conservation, safe and sanitary water access, or drainage.
• Electrical system repairs or upgrades, including wiring, electrical panels, and/or circuits that improve safety or support energy efficiency upgrades.
• Space conditioning improvements, such as installation or repair of heat pumps or efficient HVAC systems needed for year-round comfort and safety, protection from extreme weather, or lower utility bills.
• Roofing repairs or replacement for roofs that are leaking, collapsing, or otherwise compromised, including related water damage.
• Foundation repairs to address cracked, sinking, or unstable foundations that may threaten home safety.
• Sewer and water connection repairs or replacement of deteriorating or failing service lines to maintain reliable water access and prevent backups or environmental hazards.
• Energy efficiency and electrification improvements, such as insulation, weatherization, and installation of efficient windows and/or doors, if they contribute to long-term habitability or affordability.

Amounts and repayment

The page does not state a dollar cap. Affordability periods are 5, 10, or 15 years, depending on the loan amount. The loan is fully forgiven if the homeowner continues to occupy the property as a primary residence for the entire affordability period. If the property is sold or transferred before the period ends, the owner must repay a prorated portion based on the remaining time in the term.

How to apply

The city says it will publicize application details, where to apply, and contact information once the program is funded and ready to launch.

Timing and deadlines

City Council approved the program on 2024-09-15, but it is currently not funded. The program is anticipated to launch in 2026. The city also states there is no waiting list.

Additional notes

The city says updates will be provided on cabq.gov when the program launches.