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Vol. 2026 · Bill Detail · Special Edition

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Wednesday, September 2, 2026

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NM · HB168INTRO · 1 COSPONSOR

New Homes For New Mexico Program

Where it is in the process
Plain-English Summary

This bill creates the "New Homes for New Mexico Program" to help eligible first-time homebuyers purchase "starter homes" from approved builders. The program, administered by the New Mexico Mortgage Finance Authority, will provide zero-interest loans of up to $50,000 (or $75,000 in high-cost counties) to buyers who meet income requirements and will repay the loan when they sell the home or no longer live there. The bill also appropriates $10 million to fund the program.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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