New Homes Development Program

Where it is in the process

Plain-English Summary

House Bill 251 creates the New Homes Development Program within the New Mexico Mortgage Finance Authority to provide up to $10,000 in home buyer assistance grants. These grants are for purchasing homes that received a certificate of occupancy within the last year. The bill appropriates $30 million for the program and requires annual reports on its effectiveness.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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