New Mexico first enacted C-PACE legislation in 2009, later followed by the Improvement Special Assessment Act enacted in 2023 via House Bill 228, which authorized counties to impose, administer and disburse special assessments to encourage the development of certain property improvements (also called C-PACE financing). This approach to financing has been used by programs like this one on thousands of properties in more than 24 states and the District of Columbia. Eligible properties are any privately-owned commercial, agricultural, industrial, or multi-family real property of five or more dwelling units located within the boundaries of the region (including properties owned by a nonprofit organization). 

County and municipal governments must pass an ordinance opting into the statewide program in order for properties within a municipality to be eligible for program financing. Only county governments are required to pass an ordinance for properties that are not within a municipality. 

C-PACE Program materials are now available for local governments, including sample county ordinance language and the program guidebook

New Mexico C-PACE is a program of the New Mexico Economic Development Department and is administered by Adelante Consulting, Inc. The program officially launched in April 2024. 

Participating Counties & Municipalities

Conversations are ongoing with a number of counties and municipalities across New Mexico. Participating counties and municipalities will be listed here as they opt in. For any further questions, please reach out to us. 

Participating Counties: Bernalillo County (May 28, 2024)

Participating Municipalities: Albuquerque (June 3, 2024)

Interested Counties & Municipalities

Counties and municipalities have the option to administer their own program or to utilize Adelante Consulting, Inc. as their third-party Program Administrator.

Please reach out to us and we would be happy to walk you through the opt in process. Click on the buttons below to access the sample ordinance and program guidebook.