New Mexico affordable housing developers ask lawmakers for tax relief, predictability

Affordable housing developers in New Mexico are urging lawmakers to introduce stable, recurring funding for housing projects and to offer property and sales tax relief to breathe new life into the stagnant housing market. The developers argue that these measures would create a more predictable environment, making it easier to plan and finance new housing developments. This push comes as the state grapples with a severe shortage of affordable homes, highlighting the urgent need for legislative action to address the housing crisis and ensure more people have access to decent, affordable living spaces.