New Mexico affordable housing developers ask lawmakers for tax relief, predictability

To thaw the state housing market, developers said, the Legislature should implement recurring housing funding, plus provide property and sales tax relief.

By: Patrick Lohmann

Outlets: Source New Mexico

Published: July 13, 2026

Words: 515

Last Updated: 1 week, 1 day ago

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Even though the New Mexico Legislature has made historic investments of roughly $500 million in recent legislative sessions to address the state’s housing shortage, prominent New Mexico affordable housing developers told lawmakers Monday they are having trouble accessing the funding and building new homes.

The interim legislative New Mexico Mortgage Finance Authority Oversight Committee invited the developers to outline challenges they face building new housing in a state that lacks at least 34,000 …

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