The purpose of the New Mexico Housing Trust Fund Act is to provide flexible funding for housing initiatives in order to produce and preserve significant housing investment in the state.
History: Laws 2005, ch. 105, § 2; 2021, ch. 24, § 1.
The 2021 amendment, effective April 5, 2021, expanded the purpose of the New Mexico housing trust fund act to include the preservation of housing; after "to produce", added "and preserve", and after "significant", deleted "additional".
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 18C - New Mexico Housing Trust Fund
Section 58-18C-1 - Short title.
Section 58-18C-3 - Definitions.
Section 58-18C-4 - New Mexico housing trust fund created.
Section 58-18C-5 - Advisory committee created.
Section 58-18C-6 - Award of funds; accountability.
Section 58-18C-7 - Use of funds; eligible activities.