Chapter 6, Article 27 NMSA 1978 may be cited as the “Affordable Housing Act”. History: Laws 2004, ch. 104, § 1; 2015, ch. 69, § 1. ANNOTATIONS The 2015 amendment, effective July 1, 2015, changed the statutory reference of the Affordable Housing Act from “This act” to “Chapter 6, Article 27 NMSA 1978”.
The purpose of the Affordable Housing Act is to implement the provisions of Subsections E and F of Article 9, Section 14 of the constitution of New Mexico. History: Laws 2004, ch. 104, § 2; 2015, ch. 69, § 2. ANNOTATIONS The 2015 amendment, effective July 1, 2015, amended the citation of the Affordable Housing […]
As used in the Affordable Housing Act: A. “affordable housing” means residential housing primarily for persons or households of low or moderate income; B. “authority” means the New Mexico mortgage finance authority; C. “building” means a structure capable of being renovated or converted into affordable housing or a structure that is to be demolished and […]
A. To be eligible to receive lands, buildings and infrastructure pursuant to Article 9, Section 14 of the constitution of New Mexico, a nonindividual qualifying grantee shall: (1) have a functioning accounting system that is operated in accordance with generally accepted accounting principles or shall designate an entity that will maintain such an accounting system […]
The state, including any agency or instrumentality of the state, or a county, a municipality or the authority may: A. donate, provide or pay all, or a portion, of the costs of land for the construction on the land of affordable housing; B. donate, provide or pay all or a portion of the costs of […]
A. The specific grant of authority created in the Affordable Housing Act is the prior approval required pursuant to Article 9, Section 14 of the constitution of New Mexico to allow the state to provide affordable housing assistance. B. Funding pursuant to this grant of authority shall be appropriated to the department of finance and […]
A. A county or municipality may provide housing assistance grants pursuant to Article 9, Section 14 of the constitution of New Mexico after enactment by its governing body of an ordinance authorizing grants stating the requirements of and purposes of the grants. The ordinance may provide for matching or using local, private or federal funds […]
A. State, county and municipal housing assistance grants awarded pursuant to the Affordable Housing Act shall be applied for and awarded to qualifying grantees pursuant to the rules promulgated by the authority subject to the requirements of that act. B. The authority shall adopt rules in accordance with the Administrative Procedures Act [12-8-1 to 12-8-25 […]
A. The attorney general shall investigate an alleged violation of the Affordable Housing Act reported by the authority. If the attorney general has reasonable belief that a person is in possession, custody or control of an original or copy of a document or recording, including a record, report, memorandum, paper, communication, tabulation, map, chart, photograph, […]
