summary
Introduced
01/31/2025
01/31/2025
In Committee
03/03/2025
03/03/2025
Crossed Over
Passed
Dead
03/22/2025
03/22/2025
Introduced Session
2025 Regular Session
Bill Summary
AN ACT MAKING AN APPROPRIATION TO THE LOCAL GOVERNMENT DIVISION OF THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO CONTRACT FOR MASTER PLANNING FOR PERMANENTLY AFFORDABLE HOUSING IN THE CITY OF ALBUQUERQUE.
AI Summary
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.
Committee Categories
Health and Social Services
Sponsors (2)
Last Action
SHPAC: Reported by committee with Do Pass recommendation (on 03/03/2025)
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=232&year=25 |
SHPAC Committee Report | https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0232PA1.pdf |
Fiscal Note | https://www.nmlegis.gov/Sessions/25%20Regular/firs/SB0232.PDF |
BillText | https://www.nmlegis.gov/Sessions/25%20Regular/bills/senate/SB0232.pdf |
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