Capital Development Program Fund
About the Capital Development Program Fund
The New Mexico Department of Finance and Administration invites state agencies, tribal governments, counties, municipalities, and political subdivisions to apply for funding from the Capital Development Program Fund (CDPF). The CDPF provides another funding source for which entities may access to help fund projects across the state.
2027 CDPF Funds
Approximately $30M will be available for appropriation from the Capital Development Program Fund during the 2027 legislative session.
DFA IPDD will release the application on Monday, August 31st and will close on Friday, September 25th.
A training will be provided on Tuesday, September 1st to interested entities to go over the application questions, requirements of the fund, types of eligible projects, common mistakes when applying, and timeline after submission. The training will be recorded and posted to this page for future reference. The associated slide deck will also be posted.
DFA provides recommendations to LFC for projects to be funded. Recommended projects are then included in the capital bill and signed into law by the Governor. Awarded projects will be available beginning July 1, 2027 and will revert on June 30, 2029.
Interested entities are encouraged to read the Guidelines available below prior to submitting an application to ensure their project is eligible to receive funding.
Register to attend the CDPF Application Training here:
CDPF Application Training | Join meeting in Teams | Microsoft Teams
2026 CDPF Funds
Approximately $25.6M was available as part of the 2026 Capital Outlay bill.
DFA-IPDD opened the application for these funds on Monday September 29, 2025 and closed the application on Wednesday, October 29. IPDD then reviewed and scored the application from October 28th–November 8th. Contingent awardee list were provided to the Legislative Finance Council for discussion at their December meeting. Contingent awards were not final until the Capital Outlay bill was signed by the Governor in March, 2026. Funds are available for awardees to utilize beginning July 1, 2026.
FY 2026 Capital Development Program Fund Grant Management Guidelines
Capital-Development-Program-Fund-Grant-Management-Guidelines.pdf
FY 2026 CDPF Webinar Slidedeck
2026-CDPF-Webinar-Slideshow.pdf
2025 CDPF Funds
$24 Million in HB 450 appropriated for project completion grants not to exceed $1 million or 20% of total project cost, which ever is less.
Applications closed August 31, 2025 and entities will be notified of grant awards by October 15, 2025.
FY 2025 Capital Development Program Fund Policy
Capital-Development-Program-Fund-Policy_2025-Funds.pdf
CDPF Informational Webinar Recording
https://youtu.be/QOgbO5v8BDw
CDPF Informational Webinar Slideshow
2025-CDPF-Informational-Webinar-Slideshow.pdf