Affordable Housing Act
The New Mexico State Legislature created the Affordable Housing Act (2004)- or the Act- as an exception to the anti-donation clause in the New Mexico Constitution to allow local governments and other political subdivisions to put resources towards affordable housing acquisition, development, financing, maintenance and operation. Essentially the Act permits public-private partnerships for affordable housing activities.
The Act is pivotal in creating local-level solutions to the challenge many of New Mexico’s lowand moderate-income residents face in trying to secure safe, quality housing. MFA provides technical assistance to local governments pursing projects under the Act and is responsible for compliance matters.