N.M. Stat. § 58-18C-6
Award of funds; accountability.
A. Trust funds shall be awarded either on a competitive basis or based on need as
determined by the authority. The authority's staff shall work with the committee to
develop an application and applicant scoring mechanism or program guidelines that
encourage applicants to develop solutions that are responsive to local needs and are
consistent with sound housing policy.
B. The authority's governing body shall be responsible for ensuring that on an
overall basis the total funds awarded for housing activities attract at least three times as
much funding from other sources.