New Mexico legislation · 2026 Regular Session
New Mexico SB283: PUBLIC PEACE, HEALTH, SAFETY & WELFARE
Status: Failed, February 15, 2026
What the bill says
An act relating to the public peace, health, safety and welfare; expanding the metropolitan redevelopment code to include housing shortage areas; expanding the scope of metropolitan redevelopment projects; allowing a local government to provide for periodic inspections of property constructed pursuant to a metropolitan redevelopment plan; prescribing duties of local governments; prescribing civil and criminal penalties; exempting a qualifying multifamily property in a housing shortage area from property taxation for up to fourteen years pursuant to the metropolitan redevelopment code.
From the committee substitute text, February 15, 2026:
AN ACT RELATING TO THE PUBLIC PEACE, HEALTH, SAFETY AND WELFARE; EXPANDING THE METROPOLITAN REDEVELOPMENT CODE TO INCLUDE HOUSING SHORTAGE AREAS; EXPANDING THE SCOPE OF METROPOLITAN REDEVELOPMENT PROJECTS; ALLOWING A LOCAL GOVERNMENT TO PROVIDE FOR PERIODIC INSPECTIONS OF PROPERTY CONSTRUCTED PURSUANT TO A METROPOLITAN REDEVELOPMENT PLAN; PRESCRIBING DUTIES OF LOCAL GOVERNMENTS; PRESCRIBING CIVIL AND CRIMINAL PENALTIES; EXEMPTING A QUALIFYING MULTIFAMILY PROPERTY IN A HOUSING SHORTAGE AREA FROM PROPERTY TAXATION FOR UP TO FOURTEEN YEARS PURSUANT TO THE METROPOLITAN REDEVELOPMENT CODE. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. Section 3-60A-2 NMSA 1978 (being Laws 1979, Chapter 391, Section 2, as amended) is amended to read: "3-60A-2. FINDINGS AND DECLARATIONS OF NECESSITY.-- .233996.2 wen = lairetam derocsrednu eteled = ]lairetam detekcarb[ STBTC/SB A. It is found and declared that there exist in the state slum areas, [and] blighted areas and housing shortage areas that constitute a serious and growing menace, injurious to the public health, safety, morals and welfare of the residents of the state; that the existence of these areas contributes substantially to the spread of disease and crime, constitutes an economic and social burden, substantially impairs or arrests the sound and orderly development of many areas of the state and retards the maintenance and expansion of necessary housing accommodations; that economic and commercial …