Docket Room
HB 251·NM·house

NEW HOMES DEVELOPMENT PROGRAM

WithdrawnFiled Jan 30, 2026
Sponsor: Parajón, Cristina
Latest Action

action postponed indefinitely

Mar 24, 2026

Summary

The bill establishes a New Homes Development Program within the state’s Mortgage Finance Authority to provide up to $10,000 grants to eligible homebuyers purchasing a newly occupied home. It earmarks $30 million for the program from 2027‑2029 and requires annual reporting on its use. The measure was withdrawn and is not moving forward.

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