Anatomy of a Housing Crisis Solution

New Mexico is trying to fix its housing crisis with HB 195 (2024 | NM) that sets up a $125M loan program for housing development. The revolving loan fund will be under the New Mexico Finance Authority for building, acquiring, and rehabilitating housing projects. The state needs at least 32,000 affordable housing units. 

News from the States | Legislature passes bill to allow $125M in loans to address ‘housing crisis’