summary
Introduced
01/19/2021
01/19/2021
In Committee
03/08/2021
03/08/2021
Crossed Over
02/11/2021
02/11/2021
Passed
03/13/2021
03/13/2021
Dead
Signed/Enacted/Adopted
03/13/2021
03/13/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO HOUSING; EXPANDING THE PURPOSE OF THE NEW MEXICO HOUSING TRUST FUND ACT TO INCLUDE THE PRESERVATION OF HOUSING; PERMITTING THE DEVELOPMENT OF PROGRAM GUIDELINES; PERMITTING CERTAIN FUNDS TO BE AWARDED BASED ON NEED; DECLARING AN EMERGENCY.
AI Summary
This bill expands the purpose of the New Mexico Housing Trust Fund Act to include the preservation of housing, in addition to the production of housing. It permits the development of program guidelines and allows certain funds to be awarded based on need, rather than solely on a competitive basis. The bill also creates the New Mexico Housing Trust Fund Advisory Committee to review project applications or program guidelines and make recommendations to the New Mexico Mortgage Finance Authority for funding. The bill is declared an emergency, indicating the immediate need for its implementation.
Committee Categories
Budget and Finance, Government Affairs, Health and Social Services
Sponsors (2)
Last Action
Signed by Governor - Chapter 24 - Apr. 5 (on 03/13/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=27&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/final/SB0027.pdf |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0027.pdf |
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