N.M. Stat. § 6-27-5

Current through 2024, ch. 69

Section 6-27-5 - State, county, municipalities, instrumentalities of the state and the authority; authorization for affordable housing

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 conversion or renovation of existing buildings into affordable housing;

C. provide or pay the costs of financing or infrastructure necessary to support affordable housing projects; or

D. provide or pay all or a portion of the costs of acquisition, development, construction, financing, operating or owning affordable housing.

NMS § 6-27-5

Laws 2004, ch. 104, § 5; 2007, ch. 49, § 2; 2015, ch. 69, § 5.

Amended by 2015, c. 69,s. 5, eff. 7/1/2015.