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  • detail image of project

    MV Desert Hope is an organization focused on creating affordable housing opportunities for low-income individuals.

  • detail image of project

    CCDFI provided $3.4MM for MVDH to renovate 40 affordable apartment homes.

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MV Desert Hope

MV Desert Hope (MVDH) is an organization focused on creating affordable housing opportunities for low-income individuals. MVDH also manages the Desert Hope Apartments—a 40-unit affordable housing complex located in Las Cruces, New Mexico.

Clearinghouse CDFI provided $3.4 million in financing for MVDH to renovate the Desert Hope Apartments from 20 market-rate units into 40 affordable apartment homes. These apartments will serve households earning ≤ 30% of area median income.

Desert Hope Apartment renovations include a new community plaza and free access for residents to transportation for medical and social service needs. Of the 40 total affordable units, 36 will receive additional rental subsidies via 20-year term housing
assistance contracts.

Download the flyer: Just Funded – MV Desert Hope 

Financing Provided:
$3.4 Million Loan
Location:
Las Cruces, NM
Impact:
40 affordable apartment homes serving households earning ≤ 30% AMI
Purpose:
$3.4 Million Loan Creates 40 Affordable Apartment Homes in Low-Income Community
Year Funded:
2020
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