Housing Bill HB 448 Leaning Toward the Finish Line in State Legislature

In the fall of 2024, New Mexico Governor Michelle Lujan Grisham created a temporary office with a goal to help draft policy and centralize an approach to addressing the states affordable housing crises. Some New Mexico legislators believe there needs to be a more permanent solution as such HB 448 was drafted. 

If signed into law, the bill would create the Office of Housing Planning and Production. It would be responsible for reducing housing costs, increasing the number of homes, and addressing root problems that negatively impact development all across the state. The office would also support local housing and homeless programs, to expand services. The bill received a lot of support during its first committee hearing this weekend. However, some lawmakers questioned the need of the office.

This bill looks promising having passed the senate to pass and hits the house floor. Stay tuned...

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