ABQ AFFORDABLE HOUSING

SB 232 appropriates $500,000 from the state general fund to fund master planning for permanently affordable housing on publicly owned undeveloped properties in Albuquerque's Sawmill district. The funds, to be spent in fiscal years 2026-2027, are specifically for contracting a planning process to develop housing options. This bill directly affects Albuquerque residents seeking affordable housing and the city government managing the Sawmill district properties. The legislation does not create housing but allocates resources for the initial planning phase, with unspent funds reverting to the general fund by 2027.