New Mexico Office of Housing details affordable housing ‘mismatch’ along with $97M funding request
Analysis shows 65% of affordable housing across the state is owned by people who could afford more expensive dwellings based on their incomes.
A construction worker hoses down the stucco at a newly constructed home in the Mesa Del Sol development in southeastern Albuquerque on July 13, 2026. Affordable housing developers told lawmakers they need additional tax relief and more-predictable state funding to continue to build new homes in New Mexico. (Danielle Prokop for Source NM)
Leaders of the New Mexico Office of Housing on Wednesday released the results of a new analysis showing how the state’s existing housing supply shortchanges most low- and medium-income residents, along with a breakdown of close to $100 million in funding it plans to request next year.
The Office of Housing has been attached administratively to the New Mexico Department of Workforce Solutions, the state’s workforce development agency, since 2025. In that time, lawmakers have already provided it with more than $100 million for a variety of housing and homelessness initiatives.
During an online presentation, Depar...