The Landlord Advantage program supports landlords in New Mexico, excluding Bernalillo County, by encouraging them to lease to tenants holding Housing Choice Vouchers/Section 8. This initiative enhances access to rental units through financial incentives, fostering relationships, and proactive outreach. Landlord Advantage offers compensation for time off market, necessary upgrades to meet HUD standards, and damage repairs exceeding tenant security deposits. Additionally, it provides financial support for vacancy losses due to tenant-caused damages. The program does not extend to Tax-Credit/LIHTC Properties within their 15-year compliance period.
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