NM housing authority finds nearly half of renters statewide are ‘cost-burdened’

By: Joshua Bowling

Outlets: Source New Mexico

Published: May 18, 2026

Words: 706

Last Updated: 2 months ago

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Nearly half of all New Mexico renters and 20% of homeowners statewide are “cost-burdened,” meaning they spend more than 30% of their income on rent, mortgage payments and other housing expenses, according to a new government report.

Officials with Housing New Mexico, also known as the New Mexico Mortgage Finance Authority, spent Monday morning presenting to a government oversight committee made up of elected leaders from both chambers of the state Legislature. They touted …

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