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Mike Loftin
Nonresident Fellow
Former employee

Mike Loftin has served as the CEO of Homewise, Inc. since 1992. Homewise is an effective nonprofit social enterprise, promoting sustainable homeownership in a way that improves the long-term financial well-being of modest-income families. Loftin led the creation and implementation of Homewise’s comprehensive business model that seamlessly integrates all the steps of the home purchase process. Fiercely focused on the long-term success of every homeowner, Homewise sustains an over-30-day delinquency rate that is less than 2 percent, compared with the Federal Housing Administration's rate of more than 9 percent. Homewise has become New Mexico’s sixth-biggest mortgage lender and covers all of its operating expenses from earned revenue. Loftin drafted and led the campaign to pass Santa Fe’s inclusionary zoning law, which has been used as the model for similar ordinances adopted by other municipalities.

Previous to his work at Homewise, Loftin was a community organizer in Chicago, and his achievements included founding the Resurrection Project, a preeminent Chicago community-development organization serving several Mexican-American neighborhoods; organizing an antidisplacement campaign in Chicago’s Uptown neighborhood during his tenure with the affordable housing organization Voice of the People; and leading the Metropolitan Tenants Organization in the passage of Chicago’s Tenant Bill of Rights.

Loftin currently serves on the board of Excellent Schools New Mexico, served on the board of the University of New Mexico Anderson School of Management Foundation, and was a governor-appointed board member of the New Mexico Mortgage Finance Authority. Loftin holds a bachelors in history from Northwestern University.

Research Areas
Housing finance