New Mexico legislation · 2026 Regular Session
New Mexico HB200: NEW HOMES FOR NEW MEXICO PROGRAM
Status: Signed into law, March 5, 2026
What the bill says
An act relating to housing; creating the new homes for new mexico program; providing for program administration by the new mexico mortgage finance authority; providing loans to eligible home buyers; providing for repayment.
From the enrolled text, March 6, 2026:
AN ACT RELATING TO HOUSING; CREATING THE NEW HOMES FOR NEW MEXICO PROGRAM; PROVIDING FOR PROGRAM ADMINISTRATION BY THE NEW MEXICO MORTGAGE FINANCE AUTHORITY; PROVIDING LOANS TO ELIGIBLE HOME BUYERS; PROVIDING FOR REPAYMENT. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. A new section of the Affordable Housing Act is enacted to read: "NEW HOMES FOR NEW MEXICO PROGRAM CREATED--PROGRAM REQUIREMENTS--REPAYMENT.-- A. As used in this section: (1) "eligible builder" means a residential home builder that meets eligibility criteria for participation in the program; (2) "eligible buyer" means a person seeking to purchase residential property that meets eligibility criteria for participation in the program; (3) "high-cost county" means Los Alamos, Santa Fe or Taos county; (4) "program" means the new homes for New Mexico program; and (5) "starter home" means a home built by an eligible builder to be purchased by an eligible buyer that meets eligibility criteria established by rules promulgated HB 200/a Page pursuant to this section. B. The "new homes for New Mexico program" is created in the authority to provide loans for eligible buyers to purchase starter homes from eligible builders. The authority shall promulgate rules to carry out the provisions of this section. C. The authority shall create an account for any money designated for the program. Loans for …
Sponsors
- Cristina Parajón (D, HD-025) · primary sponsor
- Javier Martínez (D, HD-011)
- Heather Berghmans (D, SD-015)
- Cindy Nava (D, SD-009)
Latest actions
- : Signed by Governor - Chapter 38 - Mar. 5
- : Passed in the Senate - Y:22 N:13
- : STBTC: Reported by committee with Do Pass recommendation
- : Sent to STBTC - Referrals: STBTC
- : Passed in the House of Representatives - Y:52 N:15
- : HAFC: Reported by committee with Do Pass recommendation with amendment(s)
- : HCEDC: Reported by committee with Do Pass recommendation with amendment(s)
- : Sent to HCEDC - Referrals: HCEDC/HAFC
Votes
- Senate Floor Vote (February 19, 2026): 22 yea, 13 nay, passed
- House Floor Vote (February 12, 2026): 52 yea, 15 nay, passed
Subjects: PROPERTY (conservancy districts, land grants, real estate)
Common questions
- What is HB200?
- HB200 is a bill in the New Mexico Legislature (2026 Regular Session): NEW HOMES FOR NEW MEXICO PROGRAM.
- What does HB200 do?
- In its own words: An act relating to housing; creating the new homes for new mexico program; providing for program administration by the new mexico mortgage finance authority; providing loans to eligible home buyers; providing for repayment.
- What is the status of HB200?
- Signed into law as of March 5, 2026. Latest action: Signed by Governor - Chapter 38 - Mar. 5 (March 5, 2026).
- Who sponsored HB200?
- Cristina Parajón (D, HD-025), with 3 co-sponsors.
- Where is the official record for HB200?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=200&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.