AFFORDABLE HOUSING ORGANIZATION SUPPORT
SB 422 appropriates $5 million from the state general fund to provide operational funding and technical assistance grants to nonprofit organizations offering affordable housing, homelessness services, or transitional housing in New Mexico. The funds, to be administered by the New Mexico Mortgage Finance Authority, are allocated for fiscal years 2026 through 2030. Any unspent balance by the end of 2030 would revert to the general fund. This bill directly supports nonprofit housing providers through direct financial assistance and capacity-building resources.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 17, 2025
Last action Jun 3, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
1
Mar 8, 2025
Upper · Passed
DO PASS committee report adopted
upper
Feb 17, 2025
Introduced
Sent to Senate Tax, Business and Transportation Committee & Senate Finance Committee
upper
2 primary · 0 co-sponsors
Sponsors
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