FailedFiled Jan 27, 2026
Sponsor: Montoya, Rod
Latest Action
Action Postponed Indefinitely (session adjourned sine die)
Feb 19, 2026
Summary
The bill bars any foreign corporation, including its in‑state subsidiaries, from purchasing single‑family residential properties for the purpose of renting them out as investment rentals in New Mexico. It applies to purchases made before July 1, 2036. The measure is intended to keep housing ownership more locally controlled.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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