Affordable Housing

New Mexico Projecting Sharp Increase In Homelessness

368 Views   According to a report by the Legislative Finance Committee homelessness in New Mexico is projected to increase 48-percent in 2023. The report also says it’s getting harder for people to find a place to live that they can afford.

Residents of Las Cruces chronicle their struggle to find affordable housing

344 Views   Rebecca and Jared are both residents of Las Cruces, and recently found housing through Mesilla Valley Community of Hope, a nonprofit that aids individuals experiencing homelessness in the community. After six months of being unhoused, Rebecca said that she is grateful for the assistance, but more needs to

Rent control legislation tabled at Roundhouse

353 Views   SANTA FE, N.M. (KRQE) – A proposal to let New Mexico communities enact rent control has stalled at the Roundhouse. “Rent prices have skyrocketed and even the basic increase in wages that we instituted in 2019 are insufficient by far,” says Rep. Patricia Roybal Caballero (D- Albuquerque).

Parents pay at least one monthly bill for 40 percent of millennials

340 Views   In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.  And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their rent, and 17 percent say parents cover a

New Mexico lawmakers look to repeal the ban on rent control legislation

403 Views   SANTA FE, N.M. (KRQE) – A pair of lawmakers are moving to end the state’s ban on rent control. Senate Bill 99 is a rather short document—just one page. All it’s aiming to do is get rid of the ban on rent control legislation and let local governments decide for themselves.

Predictions for the New Mexico housing market in 2023

354 Views   ALBUQUERQUE, N.M. – A Realtor.com forecast shows higher interest rates are expected to lead to a 3% decline in house sales this year in Albuquerque. However, home prices and rental rates are still expected to go up. Elected leaders are calling this a housing crisis.

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