![]() A New Mexico plan to develop strategic housing investments is expected to be soon formulated as part of a larger effort to increase affordable housing across the state. The plan comes with the formation of a Housing Investment Council tasked with addressing shortfalls in available housing resources, as well as ongoing and obstacle-ridden regulatory and zoning policies that negatively impact new housing development. In announcing the creation of the Council, Governor Michelle Lujan Grisham remarked: “It’s time to go big on affordable housing.” Continued the Governor: “We need thousands of homes to meet demand and give New Mexicans a stable foundation.” Earlier this year members of the New Mexico State Legislature approved up to $82 million in funding for new and updated housing, trying to address an issue that has become more potent as the average price of a home in the Land of Enchantment has surpassed the $284,000 mark. That figure, according to Zillow.com, is up from $177,000 just five years ago. As constituted, the Council is made up of both public and private leaders and will also be tasked with the facilitation of public-private partnerships to get more homes built. One focus of the effort is expected to center on new tribal lands housing. In a press release announcing the formation of the Council, Lorrie Chavez, chief executive officer of the Santo Domingo Housing Authority, which is based in Sandoval County, remarked: “When you look at housing and think about housing in Native communities, we live in multigenerational housing and that leads to overcrowding.” By Garry Boulard
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