Study recommends state-run land bank to address New Mexico housing shortage

A new Massachusetts Institute of Technology explores what it would take for New Mexico to launch a land bank to address a housing shortage.

By: Patrick Lohmann

Outlets: Source New Mexico

Published: March 19, 2026

Words: 502

Last Updated: 1 day, 17 hours ago

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New Mexico could tackle a statewide housing shortage by creating a state-run land bank empowered to buy abandoned homes and convert empty lots into new affordable housing, according to a new Massachusetts Institute of Technology study presented Wednesday to the state housing finance authority.

More than 300 land banks operate across the country, predominantly in northeastern states. Land banks purchase abandoned or tax-delinquent properties and seek buyers who will restore them, often with …

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