Bracho is winner of the Aguacalientes National Poetry Prize in 1981 and a Guggenheim Fellowship in 2000. She received the 2004 Xavier Villaurrutia Award for her book, Ese Espacio, Ese Jardin. She is a member of the Sistema Nacional de Creadores de Arte (National Artists’ Center), and in 2007 she was awarded the award “Programa de Aliento a la Obra Literaria de la Fundación para las Letras Mexicanas” in recognition of her work.
