Housing

This memorial (HM 54) requests New Mexico's Public Regulation Commission to form a working group focused on improving utility access for mobile home park tenants. It directly affects the PRC, mobile home park owners, tenants, and utility providers by seeking recommendations for consistent rules governing water, electricity, gas, and sewer services. The working group must include diverse stakeholders - like tenant and owner associations, utility representatives, and low-income advocates - and report by November 2026. The memorial does not create new laws but aims to develop a regulatory framework addressing frequent utility disruptions faced by tenants, who often rent land while owning their mobile homes.

HB 200 creates the "New Homes for New Mexico Program" to provide interest-free loans for first-time homebuyers purchasing newly built starter homes from approved developers. The program targets buyers earning below 120% of the area median income for a family of four, requiring the home to be their primary residence and limiting starter homes to 1,800 square feet on lots under 5,000 square feet. Loans up to $50,000 (or $75,000 in high-cost counties like Los Alamos, Santa Fe, or Taos) must be repaid if the home is sold or stops being the primary residence. The program is funded by a $25 million appropriation from the general fund for fiscal year 2027 and beyond.