SANTA FE — House Republicans have introduced a two-bill housing affordability package focused on helping New Mexico families buy homes and protecting the state's single-family housing market. Because current law limits what legislation can be considered during the session, House Republicans were required to formally request a message from the Governor to allow these proposals to move forward.
The package includes legislation (HB 176) sponsored by Rep. Alan Martinez creating an Affordable Housing Fund that would provide zero-percent down payment loans to qualified first-time homebuyers, removing one of the biggest barriers to homeownership.
A second bill (HB 192), sponsored by Rep. Rod Montoya, would bar foreign and out-of-state corporations from purchasing single-family homes as investment properties, ensuring those homes remain available for New Mexico families.
House Republicans believe housing affordability starts with giving New Mexico families a fair shot at owning a home and stopping outside interests from driving up prices. These bills are designed to work together to expand opportunity for first-time buyers and protect local housing supply.
House Republicans are ready to act and are calling on the Governor to allow the Legislature to take up these proposals during the session. New Mexicans deserve real solutions that make homeownership achievable, not more delays.
