{"id":10695,"date":"2020-10-30T14:10:22","date_gmt":"2020-10-30T20:10:22","guid":{"rendered":"https:\/\/financenewmexico.org\/?p=10695"},"modified":"2020-10-30T14:35:41","modified_gmt":"2020-10-30T20:35:41","slug":"homewise","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/funding\/loans-funding\/homewise\/","title":{"rendered":"Homewise"},"content":{"rendered":"\n<p>A nonprofit organization known for creating successful homeowners and strengthening<\/p>\n\n\n\n<!--more-->\n\n\n\n<p> neighborhoods so that individuals and families can improve their long-term financial well-being and quality of life. <\/p>\n\n\n\n<p>Homewise, which has helped more than 5,000 New Mexicans achieve homeownership since 1986, recently expanded to offer commercial mortgages for owner-occupant businesses and nonprofits that wish to purchase a building. Homewise aims to help these important community groups and businesses build wealth and find stability for the long-term. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft is-resized\"><img loading=\"lazy\" src=\"https:\/\/financenewmexico.org\/wp-content\/uploads\/2020\/10\/HomeWise-sm-for-sidebar-1024x514.jpg\" alt=\"\" class=\"wp-image-10675\" width=\"382\" height=\"192\" srcset=\"https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2020\/10\/HomeWise-sm-for-sidebar-1024x514.jpg 1024w, https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2020\/10\/HomeWise-sm-for-sidebar-300x151.jpg 300w, https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2020\/10\/HomeWise-sm-for-sidebar-768x386.jpg 768w, https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2020\/10\/HomeWise-sm-for-sidebar-500x251.jpg 500w\" sizes=\"(max-width: 382px) 100vw, 382px\" \/><\/figure><\/div>\n\n\n\n<h4><strong>Type of Businesses Served<\/strong><\/h4>\n\n\n\n<ul><li>Owner-occupant businesses and non-profits (must occupy 51% or more of the building)<\/li><\/ul>\n\n\n\n<h4><strong>Stage of Businesses Served<\/strong><\/h4>\n\n\n\n<ul><li>Established businesses (defined as operational for at least 12 months)<\/li><\/ul>\n\n\n\n<h4><strong>Funding Style<\/strong><\/h4>\n\n\n\n<ul><li>Commercial mortgages, loans can be used for property acquisition and\/or improvement<\/li><\/ul>\n\n\n\n<h4><strong>Funding Range<\/strong><\/h4>\n\n\n\n<ul><li>Loans up to $1,000,000<\/li><\/ul>\n\n\n\n<h4><strong>Loan Application<\/strong><\/h4>\n\n\n\n<ul><li>Request an application from Johanna Gilligan at <a href=\"mailto:jgilligan@homewise.org\">jgilligan@homewise.org<\/a><\/li><li>Complete application and submit requested financials<\/li><\/ul>\n\n\n\n<h4><strong>Applicant Requirements<\/strong><\/h4>\n\n\n\n<ul><li>Must submit three years of tax returns, all relevant organizational documents, and personal tax returns (if requested)<\/li><\/ul>\n\n\n\n<ul><li>Must be purchasing a building within our current lending territory (Barelas, South Broadway or the South Valley in Albuquerque, within a low-income census tract in Santa Fe)<\/li><\/ul>\n\n\n\n<ul><li>Must be an LLC or 501c3 based in New Mexico<\/li><\/ul>\n\n\n\n<h4><strong>Resources Provided<\/strong><\/h4>\n\n\n\n<ul><li>Technical assistance referrals<\/li><li>Lower down payment than most commercial mortgages<\/li><\/ul>\n\n\n\n<h4><strong>Contact<\/strong><\/h4>\n\n\n\n<p>Johanna Gilligan, Senior Director of Community Development at jgilligan [at] homewise.org or call 505-469-6195<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A nonprofit organization known for creating successful homeowners and strengthening<\/p>\n","protected":false},"author":3,"featured_media":10705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[332],"tags":[],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10695"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=10695"}],"version-history":[{"count":13,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10695\/revisions"}],"predecessor-version":[{"id":10712,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/10695\/revisions\/10712"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media\/10705"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=10695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=10695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=10695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}