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2019 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 18B - Low-Income Housing Trust
Section 58-18B-2 - Legislative findings.
Universal Citation: NM Stat § 58-18B-2 (2019)
The legislature finds that:
A. current economic conditions, federal housing policies and declining resources at the federal, state and local levels affect adversely the ability of low-income persons to obtain safe, decent and affordable housing;
B. it is in the public interest to establish a continuously renewable resource to be known as the New Mexico low-income housing trust program to assist low-income citizens in meeting their basic housing needs; and
C. the program described in Subsection B of this section should, whenever feasible, be implemented through assistance in the form of loans or grants.
History: Laws 1994, ch. 146, ยง 2.
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