2006 New Mexico Statutes - Section 3-60-11 — Definition; rehabilitation; conservation.

3-60-11. Definition; rehabilitation; conservation.

As used in the Community Development Law [ 3-60-1 to 3-60-37 NMSA 1978] "rehabilitation" or "conservation" includes the restoration and renewal of a slum or blighted area or portion thereof, in accordance with any community development plan, by one or more of the following:   

A.     carrying out plans for a program of voluntary repair and rehabilitation of buildings or other improvements including the provision of loans and grants to property owners for the rehabilitation and repair of residential buildings located in the area; provided such loans and grants shall be sufficient to bring the buildings up to minimum residential property standards as established by the local housing code or in the community development plan, and also including the provision of loans and grants to nonprofit organizations for the repair or rehabilitation of buildings which are found to serve a public purpose by the local governing body. Rehabilitation grants or repairs may be made in cases of emergency or extreme hardship where there is danger to life or a health hazard regardless of the requirement that all such loans or grants must be sufficient to bring the building up to minimum property standards;   

B.     acquisition of real property and demolition or removal of buildings and improvements thereon where necessary to eliminate unhealthful, unsanitary or unsafe conditions, lessen density, eliminate obsolete or other uses detrimental to the public welfare, or to otherwise remove or prevent the spread of blight or deterioration, or to provide land for needed public facilities;   

C.     installation, construction or reconstruction of streets, utilities, parks, playgrounds and other improvements necessary for carrying out in the area the community development provisions of the Community Development Law;   

D.     disposition of any property acquired in such community development area including sale, initial leasing or retention by the municipality itself, at its fair value for uses in accordance with such community development plan;   

E.     acquisition of real property in the community development area which under a community development plan, is to be repaired or rehabilitated;   

F.     repair or rehabilitation of the structure and resale of the property; or   

G.     acquisition, without regard to any requirement that the area be a slum or blighted area, of air rights in an area consisting principally of land on which is located a highway, railway, bridge or subway tracks, or tunnel entrance or other similar facilities which have a blighting influence on the surrounding area and over which air-rights sites are to be developed for the elimination of such blighting influences.