New Mexico 2026 Regular Session Status: Enacted 4 D cosponsors

HB 200 — NEW HOMES FOR NEW MEXICO PROGRAM

Last action — Signed

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 28, 2026. Enacted.

Signed by Governor Michelle Lujan Grisham (Democratic) on March 06, 2026.

Prognosis

Advancing 58% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    4 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (4 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

137 added · 1 removed

Plain-language change summary

The updated version of Bill HB 200 establishes a new program called the "New Homes for New Mexico Program," which is aimed at helping eligible home buyers in specific areas secure loans for purchasing their homes. This program is managed by the New Mexico Mortgage Finance Authority, highlighting a structured approach to assist residents in high-cost counties like Los Alamos, Santa Fe, and Taos. These changes are significant as they aim to make homeownership more accessible for those in need, supporting local builders and addressing housing affordability in targeted regions.

→
Previous
Latest
57TH LEGISLATURE -STATEOFNEWMEXICO- SECOND SESSION, 2026
AN ACT RELATING TO HOUSING;
CREATING THE NEW HOMES FOR NEW MEXICO PROGRAM;
PROVIDING FOR PROGRAM ADMINISTRATION BY THE NEW MEXICO MORTGAGE FINANCE AUTHORITY;
PROVIDING LOANS TO ELIGIBLE HOME BUYERS;
PROVIDING FOR REPAYMENT.
7 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1.
A new section of the Affordable Housing Act is enacted to read:
"NEW HOMES FOR NEW MEXICO PROGRAM CREATED--PROGRAM REQUIREMENTS--REPAYMENT.-- A.
As used in this section:
(1) "eligible builder" means a residential home builder that meets eligibility criteria for participation in the program;
(2) "eligible buyer" means a person seeking to purchase residential property that meets eligibility criteria for participation in the program;
(3) "high-cost county" means Los Alamos, Santa Fe or Taos county;
(4) "program" means the new homes for New Mexico program;
and (5) "starter home" means a home built by an eligible builder to be purchased by an eligible buyer that meets eligibility criteria established by rules promulgated HB 200/a Page 1 pursuant to this section.
B.
The "new homes for New Mexico program" is created in the authority to provide loans for eligible buyers to purchase starter homes from eligible builders.
The authority shall promulgate rules to carry out the provisions of this section.
C.
The authority shall create an account for any money designated for the program.
Loans for the program shall be provided from the account, and the account may consist of subaccounts as the authority deems necessary.
Money from repayment of a loan granted pursuant to this section shall be deposited into the account and provided to future eligible buyers.
D.
The authority may grant a loan to an eligible buyer to purchase a starter home from an eligible builder;
provided that the eligible buyer:
(1) has not owned a home prior to acceptance into the program;
(2) earns a current annual income that is below one hundred twenty percent of the area median income in the county in which the starter home being purchased will be located, for a family of four, as determined by the United States department of housing and urban development;
and (3) resides in the starter home as the eligible buyer's primary residence.
HB 200/a Page 2 E.
The authority shall solicit competitive proposals to participate in the program.
A competitive proposal submitted pursuant to this subsection shall include:
(1) the number of homes the builder proposes to build;
(2) the projected price of each home;
(3) marketing and sales strategies;
and (4) a time line for completing the homes.
F.
The authority shall promulgate rules to provide for:
(1) administration of the program;
(2) criteria for applications;
(3) eligibility criteria for eligible builders and eligible buyers;
Show all 61 changed rows (21 more)
Previous
Latest
(4) criteria for starter homes built by eligible builders;
(5) criteria for loan disbursement and repayment;
(6) procedures to connect eligible buyers and eligible builders;
and (7) periodic verification that the starter home purchased pursuant to this section remains the eligible buyer's primary residence.
G.
Applications for loans to purchase starter homes pursuant to this section shall be submitted to the HB 200/a Page 3 authority on forms provided by the authority and shall include:
(1) documentation that the applicant earns a current annual income that is below one hundred twenty percent of the area median income in the county in which the starter home being purchased will be located, for a family of four, as determined by the United States department of housing and urban development;
and (2) other documentation required by the authority in rules promulgated pursuant to this section.
H.
Loans granted pursuant to this section shall:
(1) not exceed fifty thousand dollars ($50,000) per household for a starter home located outside the jurisdictional boundaries of a high-cost county or seventy-five thousand dollars ($75,000) per household for a starter home within the jurisdictional boundaries of a high- cost county;
(2) bear an annual interest rate of zero percent;
and (3) be repaid upon:
(a) the sale of the property purchased with a loan granted pursuant to this section;
or (b) the failure of the eligible buyer to occupy the property purchased with a loan granted pursuant to this section as the eligible buyer's principal residence.
HB 200/a Page 4 I.
An eligible builder shall:
(1) not build a starter home that exceeds one thousand eight hundred square feet;
(2) not build a starter home on a lot that exceeds five thousand square feet;
(3) complete construction on a starter home within three years of program selection;
and (4) build starter homes that are affordable to an eligible buyer." HB 200/a Page 5 25
⬇ Download PDF
View plain text versions (3)

Action History

  1. Signed

  2. passed Senate

  3. DO PASS committee report adopted

  4. Sent to Senate Tax, Business and Transportation Committee

  5. passed House

  6. DO PASS, as amended, committee report adopted

  7. DO PASS, as amended, committee report adopted

  8. Sent to House Commerce & Economic Development Committee & House Appropriations & Finance Committee

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

4 sponsors · 0 co-sponsors · 109 not signed on

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (109)

109 members have not signed on to this bill.

Show all 109 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 200?
HB 200 is sponsored by Cindy Nava (Democrat), Heather Berghmans (Democrat), Javier Martínez (Democrat), and Cristina Parajón (Democrat).
What is the current status of HB 200?
This bill has been enacted into law. Introduced January 28, 2026. Enacted.
Where can I track HB 200?
Track HB 200 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 200

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 200

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →