• SB48, State Fairgrounds District Bonds

  1. 1. • Moving to the House

        • HEARD ON SENATE FLOOR - Friday, February 6, 2026 - PASSED 26 - 12

        • Woods, Brantley, Lanier, Scott, Sharer, Ramos, Gallegos, Boone, Ezzell, Sanchez, & Wilson opposed 

        • Video: 2:07

        • On SENATE FLOOR beginning Tuesday, February 3, 2026

        • Senate Finance - Monday, February 2, 2026 - PASSED 8-2

        • Lanier & Woods opposed 

        • Video: 9:02

        • Senate Tax - Tuesday, January 27, 2026 - PASSED 7-3

        • Sanchez, Sharer, & Wilson opposed 

        • Video: 1:44

• SB58, Extend Property Tax Exemption Period

  1. 1. • Next up in House Commerce

        • PASSED SENATE FLOOR, 27-8 on Thursday, February 5, 2026

        • Video: 1:40

        • Scott, Ezzell, Gallegos, Townsend, Thornton, Boone, Wilson, and one other opposed 

        • Senate Finance - Wednesday, February 4, 2026 - PASSED UNANIMOUSLY

        • Video: 10:20

        • Senate Tax - Tuesday, January 27, 2026 - PASSED UNANIMOUSLY

        • Video: 2:53

• SB92, Construction Materials Gross Receipts

  1. 1. • Senate Tax - Tuesday, January 27, 2026 

        • AMENDED - Requires that 80% of a single project be affordable & residential & get reporting to/from TRD

        • HELD FOR POSSIBLE TAX PACKAGE

        • Video: 2:20

        • Fiscal Impact Report

        • NMTRD Analysis

        • Housing NM (MFA) Analysis

IN FAVOR: 13 folks raised their hand in the audience

• 1. 1. • 1. 1. 1. Eric Martinez of Nietos, Inc., framing company

                2. Austin V. w/ Dominion, Affordable Housing Developer

                3. Matthew Stockpole (?sp), ABQ Chamber of Commerce

                4. Alyssa Keny-Guyer

                5. Brent Moore, lobbyist for NM Assoc of Realtors

                6. Miles Conway, CEO, NM Homebuilders

                7. Maria Griego, NMCLP

OPPOSED:

• 1. 1. • Allison Nichols, NM Municipal League - tries to say this is not going to get more units built - not sure how she gets there - says already get a lot of support - yeah, but not enough & sunset

        • Joy, NM Counties Director - concerned about cumulative impact of all GRT and tax exmpetion bills this session

        • Maybe not happen if non-budget allowed

        • Al Park, Lobbyist for CABQ

• 
  

• HB2, THE BUDGET

HOMELESSNESS TO HOUSING CONTINUUM

HB2 Discussion in SFC - Monday, February 9, 2026 - 10am

SFC - Friday, February 6, 2026

VIDEO: 9:48  

• LFC Director Sallee and LFC Staff Joseph Simon present Special Appropriations differences b/w LFC Recommendation & HAFC COMMITTEE SUB that came out of the House

  • • • 9:52 - LFC Staff Joseph Simon presents about Homelessness to Housing Continuum dollars

      • 9:53 - LFC Staff Joseph Simon presents about Homelessness to Housing Continuum dollars

      • 9:58 - LFC Staff Joseph Simon presents about Homelessness to Housing Continuum dollars

      • 10:17 - LFC Director Sallee and LFC Staff Joseph Simon speak w/ Senator Padilla about Homelessness to Housing Continuum dollars 

        • • Director Sallee said "well over $100M"

SFC - Thursday, February 5, 2026

VIDEO: 5:01 

• Chair Small presents to Chair Munoz about Homelessness to Housing Continuum dollars @ 5:07

HAFC COMMITTEE SUB that came out of the House

HOUSE FLOOR VOTE, 55-15, on Wednesday, February 4, 2026

Armstrong, Block, Brown, Dow, Hall, Henry, Lord, Alan Martinez, Mason, Mejia, Montoya, Murphy, Pettigrew, Reeb, & Sena Cortez opposed

VIDEO:  2:30

Tara Lujan speaks about Housing to Homelessness Continuum dollars @ 2:48

HAFC FINAL VOTE, 15-3, on Monday, February 2, 2026

Brown, Dow, & Pettigrew opposed

HAFC Recommendation at Catchup/Cleanup on                  Friday, January 30, 2026

VIDEO: Starts @ 10:19

• Section 5, Non-recurring

• Overall amount comes back down to $100M from $115M workgroup recommendation

• Housing NM (formerly MFA) is increased from $20M to $40M,  going through DFA first, but still has earmarks:

  • • $10M (or possibly "up to" $10M) for down payment assistance for starter homes (I believe this is for AFFORDABLE housing) -- if HB200 passes

      • • • Same as workgroup recommendation

          • Does MFA still get if HB200 does not pass???

    • $5M for rental assistance (this was broad language under workgroup recommendation, so that it would covers direct payment, vouchers, transitional, etc.)

      • • • Same as workgroup recommendation but moved from DFA/DWS to MFA

          • Make sure broad language remains

          • One single $5M traunch for rental assistance or 2 traunches???

    • Down payment assistance for UNM Med School 

    • Workgroup recommendation was $1M

      • • • Is $1M still the amount???

          • "Residents" or "graduates"???? (I thought workgroup recommendation said "graduates." Does that make a difference, anyway??)

    • Is there still a total of $10M for tribal housing???

    • Workgroup recommendation was $10M for housing and infrastructure on tribal lands, requiring consultation with Indian Affairs Dep't

      • • • $___M for tribal entities ($5M???)

          • $5M for tribal infrastructure in consultation with Indian Affairs Dep't

    • I THINK THIS ADDS UP TO $26M, which would leave $13.5 or $14M investment in NM Housing Trust Fund (recall $500K for administration of the Affordable Housing Act -- if HB140 passes -- but it may not need to pass now???)

• $30M to Opportunity Enterprise Fund of NM Finance Authority (not Housing NM, formerly MFA), down from workgroup recommendation of $40M

• $30M to DFA (then probably to DWS, but not for certain) for "housing, affordable housing, transitional housing, homeless initiatives, and expansion of housing services statewide" (regional housing projects), down from overall of $55M in workgroup recommendation

Initial HAFC Housing Workgroup Recommendation on Wednesday, January 28, 2026:

VIDEO: Starts @ 5:50

• Recommended increasing overall Housing (NOT Homelessness) spend to $115M from $100M. LFC originally proposed all $100M to Opportunity Enterprise Fund of NM Finance Authority (different entity than Housing NM, formerly MFA).

• $55M to DFA (probably then to DWS, but that is not a 100% certainty), including: 

  • • $40M for localities for regional housing projects (like the $110M from last year)

    • $10M for housing and infrastructure on tribal lands (requires consultation with Indian Affairs Dep't)

    • $5M for rental assistance. Broad language, so covers direct payment, vouchers, transitional, etc.

• Total of $40M to OEF for infrastructure support and new/market rate housing (not AFFORDABLE housing)

• Total of $20M to Housing NM, formerly MFA. The following earmarks are SUBTRACTED from that $20M.

• $10M (or possibly "up to" $10M) for down payment assistance for starter homes (I believe this is for AFFORDABLE housing) -- if HB200 passes

• $500K for administration of the Affordable Housing Act -- if HB140 passes

• $1M for UNM Medical School graduates for down payments, to keep doctors here

• So, likely only $9.5M then goes to the NM Housing Trust Fund

• UNLESS the bills don't pass, then all of the money still goes to Housing NM

• Keep in mind that Housing NM will bring in about $51M from severance tax bonds over the year, HOWEVER, STB money is not flexible/only for bricks and sticks

• General fund dollars appropriated into the NM Housing Trust Fund, ON THE OTHER HAND, are more flexible, though they have a 3 to 1 match requirement

• Housing NM is seeking $135M into the NM Housing Trust Fund (HB140), so this is quite a bit less 

• ADDITIONALLY, general fund appropriations "to DFA for MFA to administer for [EXAMPLE - homelessness and homelessness prevention services" IS THE MOST FLEXIBLE type of MFA funds

  • • • 
        
• HB56, Veteran Behavioral Health Services

  • • • House Labor - Tuesday, January 27, 2026 - PASSED UNANIMOUSLY

      • In HAFC

• 
  

HB103, Residential Property Valuation Increases

• • • • House Commerce - Wednesday, January 26, 2026

      • PASSED 7-2

      • Proposed by CABQ to address resident concerns about paying property tax increase pursuant to increased value these residents believe will ensue from anticipated changes to the CABQ Integrated Development Ordinance (IDO)

      • Spoke in favor: 

        • • • Summit Neighborhood Association

            • Al Park, CABQ Lobbyist

            • Gail Armstrong (owns commercial property, mixed commercial/ residential property, & a condo in ABQ) 

              • • Stated that (value or tax??) of her solely commericial property has increased by 700%

            • De La Cruz would prefer local, not statewide, but supportive

            • Gallegos clarified that goals of bill is to keep housing affordable and address property lighting tax

      • Opposed:

        • • • Mason - does not want to remove local control, but he appreciates 

            • Matthews - thinks there should be local hearings on issue + a study

      • 7-2

• HB110, Housing Development Data Reporting

  • • • • • • House Rural - Tuesday, February 3, 2026 

            • Sub passes 4-3

              • • For: Garcia, Gonzales, Sanchez, Serrato

                • Against: Cullen. Lord, Mason

            • No fine or fee in the bill for not complying

            • OPPOSED

              • • NM Municipal League - oppose unfunded mandated reporting

                • Mayor of Clovis

                • City of Farmington 

                • Recommend amending to cover 4 largest cities/over 80K population

                • City of Las Vegas, though they are not covered by bill

                • Rio Rancho suggested a sunset

                • Cullen is concerned about what laws/mandates later come out of this knowledge

                • Lord also concerned 

                • Speaks to out-of-state owners buying 5-6 homes then using as short-term rentals

                • Mason also concerned, believes problem only lies in Rio Grande Corridor cities, could possibly support if only applied to over 80K populations

            • SUPPORT

              • • Missed some here, I think

                • NM Homebuilders

                • NM Chamber of Commerce 

                • ABQ Healthcare for the Homeless 

                • City of ABQ Councilor Joaquin Baca 

                • Roadrunner Foodbank volunteer

                • Carlos Gemora

                • Winter L. Torres - NMEPD

                • Daniel Werwath

                • NM Center on Law & Poverty

                • Gonzales is concerned about applicability to rural areas

                • Sanchez - commitment to amend from Sponsor Parajon

                • 5 year sunset

                • Applies to 40K & over population

                • Serrato raises that by providing data, rural areas could attract developers looking for shorter build timelines

                • Garcia states that her area falls below 40K, but believes the data is helpful for planning

• HB139, NM Housing Trust Fund

  • • • House Commerce - Wednesday, January 26, 2026

      • PASSED Unanimously

• HB140, Affordable Housing Act Oversight Duties

  • • • House Commerce - Wednesday, January 26, 2026

      • PASSED Unanimously

HB153, Low-Carbon Construction Material Rebate Act

• • • • Passed 7-4

• • • • Henry, Montoya, Sena-Cortez, Murphy opposed

• HB167

• SB48, State Fairgrounds District Bonds

  1. 1. • Moving to the House

        • HEARD ON SENATE FLOOR - Friday, February 6, 2026 - PASSED 26 - 12

        • Woods, Brantley, Lanier, Scott, Sharer, Ramos, Gallegos, Boone, Ezzell, Sanchez, & Wilson opposed 

        • Video: 2:07

        • On SENATE FLOOR beginning Tuesday, February 3, 2026

        • Senate Finance - Monday, February 2, 2026 - PASSED 8-2

        • Lanier & Woods opposed 

        • Video: 9:02

        • Senate Tax - Tuesday, January 27, 2026 - PASSED 7-3

        • Sanchez, Sharer, & Wilson opposed 

        • Video: 1:44

• SB58, Extend Property Tax Exemption Period

  1. 1. • Next up in House Commerce

        • PASSED SENATE FLOOR, 27-8 on Thursday, February 5, 2026

        • Video: 1:40

        • Scott, Ezzell, Gallegos, Townsend, Thornton, Boone, Wilson, and one other opposed 

        • Senate Finance - Wednesday, February 4, 2026 - PASSED UNANIMOUSLY

        • Video: 10:20

        • Senate Tax - Tuesday, January 27, 2026 - PASSED UNANIMOUSLY

        • Video: 2:53

• SB92, Construction Materials Gross Receipts

  1. 1. • Senate Tax - Tuesday, January 27, 2026 

        • AMENDED - Requires that 80% of a single project be affordable & residential & get reporting to/from TRD

        • HELD FOR POSSIBLE TAX PACKAGE

        • Video: 2:20

        • Fiscal Impact Report

        • NMTRD Analysis

        • Housing NM (MFA) Analysis

IN FAVOR: 13 folks raised their hand in the audience

• 1. 1. • 1. 1. 1. Eric Martinez of Nietos, Inc., framing company

                2. Austin V. w/ Dominion, Affordable Housing Developer

                3. Matthew Stockpole (?sp), ABQ Chamber of Commerce

                4. Alyssa Keny-Guyer

                5. Brent Moore, lobbyist for NM Assoc of Realtors

                6. Miles Conway, CEO, NM Homebuilders

                7. Maria Griego, NMCLP

OPPOSED:

• 1. 1. • Allison Nichols, NM Municipal League - tries to say this is not going to get more units built - not sure how she gets there - says already get a lot of support - yeah, but not enough & sunset

        • Joy, NM Counties Director - concerned about cumulative impact of all GRT and tax exmpetion bills this session

        • Maybe not happen if non-budget allowed

        • Al Park, Lobbyist for CABQ

•