Investing in Affordable Housing
Life insurers have invested $110 million in organizations promoting affordable housing in the state. This includes $103 million in bonds issued by the New Mexico Mortgage Finance Authority.
Investing in Education
The Albuquerque Municipal School District, the Taos School District, the Aztec School District and others, along with New Mexico State University, have received financing from life insurers. In all, the industry has purchased $113 million in bonds issued by educational entities in the state.
Investing in Apartments/Multifamily
With $194 million in mortgage loan investments for apartment buildings and multifamily units in Albuquerque, Las Cruces, Santa Fe and more cities, life insurers are helping individuals and families call the Land of Enchantment “home.”
Investing in Retail
Nearly one-quarter of the jobs in New Mexico are supported by the retail industry, according to the National Retail Federation. Life insurers are part of this employment story, providing retail mortgages totaling $162 million in the state.
Investing in Agriculture
Life insurers have provided $141 million in agricultural mortgage loans in Roswell, Hobbs, Portales, Deming and more towns and cities throughout New Mexico.
Investing in Industry
The Land of Enchantment offers many things, including a strong industrial base, which life insurers support. They have provided $135 million in industrial mortgage loans throughout New Mexico.