SB 27 — PRESERVATION OF HOUSING

SENATE BILL 27 55TH LEGISLATURE -STATEOFNEWMEXICO- FIRST SESSION, 2021 INTRODUCED BY Nancy Rodriguez 6 8 10 AN ACT RELATING TO HOUSING;

e8 t 17 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

w l n d 18 SECTION 1.

Section 58-18C-2 NMSA 1978 (being Laws 2005, = = 19 a l Chapter 105, Section 2) is amended to read:

i a e r 20 "58-18C-2.

PURPOSE.--The purpose of the New Mexico a t m m 21 Housing Trust Fund Act is to provide flexible funding for d r e 22 housing initiatives in order to produce and preserve c e s k 23 significant [additional] housing investment in the state." e a n b 24 SECTION 2.

Section 58-18C-3 NMSA 1978 (being Laws 2005, u [ Chapter 105, Section 3) is amended to read:

.218278.2SA "58-18C-3.

SB 27 Page 1 D.

"persons of low or moderate income" means persons and households within the state who are determined by the authority to lack sufficient income to pay enough to cause private enterprise to build and preserve an adequate supply of decent, safe and sanitary residential housing in their locality or in an area reasonably accessible to their locality and whose incomes are below the income levels established by the e t 17 authority to be in need of the assistance made available by the w l n d 18 New Mexico Housing Trust Fund Act, taking into consideration, = = 19 a l without limitation, such factors as defined under that act;

and i a e r 20 F.

"residential housing" means any building, a t m m 21 structure or portion thereof that is primarily occupied, or d r e 22 designed or intended primarily for occupancy, as a residence by c e s k 23 one or more households and any real property that is offered e a n b 24 for sale or lease for the construction or location thereon of u [ such a building, structure or portion thereof.

"Residential .218278.2SA - 2 - housing" includes congregate housing, manufactured homes and housing intended to provide or providing transitional or temporary housing for homeless persons." SECTION 3.

ADVISORY COMMITTEE CREATED.-- SB 27 Page 2 A.

e t 17 B.

Members of the committee shall be appointed for w l n d 18 two-year terms and shall be eligible for reappointment.

= = 19 a l Vacancies shall be filled by the appropriate appointing i a e r 20 authority.

a t m m 21 C.

The committee shall be advisory to the authority d r e 22 and shall be subject to oversight by the Mortgage Finance c e s k 23 Authority Act oversight committee.

e a n b 24 D.

The committee shall review all project u [ applications or program guidelines and make recommendations to .218278.2SA - 3 - the authority for funding them.

and SB 27 Page 3 (2) the procedures for the review of and standards for recommending applications or program guidelines for loans or grant projects." SECTION 4.

The authority's staff shall work with the committee to develop an application and applicant scoring mechanism or e t 17 program guidelines that [encourages] encourage applicants to w l n d 18 develop solutions that are responsive to local needs and are = = 19 a l consistent with sound housing policy.

i a e r 20 B.

The authority's governing body shall be a t m m 21 responsible for ensuring that on an [annual] overall basis the d r e 22 total funds awarded for housing activities attract at least c e s k 23 three times as much funding from other sources." e a n b 24 SECTION 5.

EMERGENCY.--It is necessary for the public u [ peace, health and safety that this act take effect immediately.

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