New Mexico Match Fund
New Mexico Match Fund
The New Mexico Department of Finance and Administration invites state agencies, tribal governments, counties, municipalities, and political subdivisions to apply for the New Mexico Match Fund. See policy for full list of eligible entities.
The Match Fund provides a unique opportunity to leverage once-in-a-generation federal funding for infrastructure, research, economic development, the energy transition, and other critical projects that will benefit New Mexico.
FY26 Funding Available:
- $50 Million for Matching Grants
- $4M for Project Implementation
- $17.5M for Federal Compliance Offset
Applications are reviewed on a rolling basis, first-come, first-served. DFA reviews complete applications and makes determinations within 20 business days.
FY26 New Mexico Match Fund Policy
The New Mexico Department of Finance and Administration has finalized updated policies for the Match Fund program, which helps state and local governments, tribes, and public organizations secure federal funding through three grant programs: Matching Grants, Project Implementation Grants, and Federal Compliance Offset Grants.
NM Match Fund Programs
DFA offers three grant programs providing eligible entities with a reliable and nimble source of funding to increase competitiveness for hundreds of federal grant program opportunities that require local match.
Matching Grant – For eligible entities that require additional funding to meet the minimum match requirement for a federal grant. At least 40% of available funds ($20M) are reserved for rural, frontier, and tribal governments.
Project Implementation Grant – For recipients of a Matching Grant that require capacity funding to fully implement the federally funded project associated with the Matching Grant. Limited to 5% of combined federal and state matching funds.
(Only available if awarded a Matching Grant)
Federal Compliance Offset Grant – For eligible entities that demonstrate higher project costs due to compliance with federal funding requirements, such as requirements related to worker wages and sourcing American-made materials.
- NM Match Fund Recipient Training Part 1-DFA NM Match Recipient Training AmpliFund Overview
- NM Match Fund Recipient Training Part 2-Recip. Training – Submitting Reports New Mexico DFA- Match Fund
- NM Match Fund Recipient Training Part 3-Recip. Training Submitting Amendments new Mexico DFA – Match Fund