New Mexico legislation · 2026 Regular Session
New Mexico HB251: NEW HOMES DEVELOPMENT PROGRAM
Status: Failed, February 5, 2026
What the bill says
An act relating to housing; creating the new homes development program in the new mexico mortgage finance authority; prescribing duties; requiring reporting; making an appropriation.
From the introduced text, January 30, 2026:
AN ACT RELATING TO HOUSING; CREATING THE NEW HOMES DEVELOPMENT PROGRAM IN THE NEW MEXICO MORTGAGE FINANCE AUTHORITY; PRESCRIBING DUTIES; REQUIRING REPORTING; MAKING AN APPROPRIATION. 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 MATERIAL] NEW HOMES DEVELOPMENT PROGRAM CREATED-- ADMINISTRATION--REPORTING.-- A. As used in this section: (1) "home buyer assistance" means a housing assistance grant provided to a qualifying grantee pursuant to the Affordable Housing Act that meets eligibility requirements for the program; and (2) "program" means the new homes development .233314.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ program. B. The "new homes development program" is created in the authority to provide home buyer assistance to qualifying grantees. C. The authority shall administer the program and promulgate rules that provide for: (1) administration and oversight of the program; (2) eligibility requirements for home buyers to participate in the program; (3) disbursement of home buyer assistance; and (4) procedures for repayment of home buyer assistance. D. Home buyer assistance disbursed pursuant to this section shall: (1) not exceed ten thousand dollars ($10,000) per qualifying grantee; (2) be used only to purchase a home for which a certificate of occupancy has been issued within twelve months prior to the assistance being …
Sponsors
- Cristina Parajón (D, HD-025) · primary sponsor
- Heather Berghmans (D, SD-015)
- Gail Armstrong (R, HD-049)
- Cindy Nava (D, SD-009)
Latest actions
- : Sent to HCEDC - Referrals: HCEDC/HAFC
- : Withdrawn from committee or daily calendar, ordered printed and referred to
- : Not Printed
- : Action Postponed Indefinitely
Subjects: PROPERTY (conservancy districts, land grants, real estate)
Common questions
- What is HB251?
- HB251 is a bill in the New Mexico Legislature (2026 Regular Session): NEW HOMES DEVELOPMENT PROGRAM.
- What does HB251 do?
- In its own words: An act relating to housing; creating the new homes development program in the new mexico mortgage finance authority; prescribing duties; requiring reporting; making an appropriation.
- What is the status of HB251?
- Failed as of February 5, 2026. Latest action: Sent to HCEDC - Referrals: HCEDC/HAFC (February 5, 2026).
- Who sponsored HB251?
- Cristina Parajón (D, HD-025), with 3 co-sponsors.
- Where is the official record for HB251?
- On the New Mexico Legislature website: https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legType=B&legNo=251&year=26
Source: official New Mexico record. Tracked by Delilah, AI for legislation across all 50 states and Congress.