Project Overview

MV Desert Hope

Las Cruces, New Mexico

MV Desert Hope was established by the Mesilla Valley Public Housing Authority (MVPHA) to support affordable housing development for low-income individuals. MVPHA owns and/or manages over 2,200 affordable housing units throughout Southern New Mexico.

Clearinghouse CDFI provided $3.4 million in financing for MV Desert Hope to renovate the Desert Hope Apartments in Las Cruces 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.


MV Desert Hope


MV Desert Hope

Loan Amount



Clearinghouse CDFI Loan Creates Affordable Apartment Homes for 40 Extremely Low-Income Households

The Impact


affordable apartment
homes created for households
earning ≤ 30% AMI

“We wanted to create a living space that would not only be long-lasting for our residents but comfortable for them,” said Marcos Montes, Board Chairman of Mesilla Valley Public Housing Authority. “Our goal is to provide safe and aordable housing to our community. This apartment project is providing Permanent Supportive Housing to a population in great need.”

– Marcos Montes, Board Chairman of Mesilla Valley Public Housing Authority