Bill > SB232

This bill appropriates $500,000 from the state's general fund to the local government division of the New Mexico Department of Finance and Administration, specifically for conducting master planning for permanently affordable housing. The funding is designated for use in fiscal years 2026 and 2027 and is intended to support master planning efforts focused on publicly owned undeveloped properties located in the Sawmill district of Albuquerque. The bill includes a standard fiscal provision stating that any unspent or uncommitted funds remaining at the end of fiscal year 2027 will be returned to the general fund. The goal appears to be supporting the development of affordable housing in a specific area of Albuquerque by first creating a comprehensive master plan that will guide future housing development on currently unused public lands.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=232&year=25