New Mexico
$500 million for affordable housing clears first committee – Source New Mexico
A Senate committee on Monday approved legislation that would put half a billion dollars toward affordable housing in New Mexico – a huge investment that one lawmaker said is necessary to stem the tide of homelessness and rising housing costs in the state.
Sen. Nancy Rodriguez (D-Santa Fe) acknowledged that the Legislature likely won’t award the full amount of her proposed $500 million appropriation request for the Housing Trust Fund, a program overseen by the New Mexico Mortgage Finance Authority.
She asked for that amount of money to send the message that there is an overwhelming need for a huge investment in housing across the state. And she said Housing Trust Fund administrators have proven themselves capable of leveraging relatively small appropriations from the state into more affordable housing options.
Lawmakers and tenants call on governor to make rent control a priority for 30-day session
“This is an agency that is proven, truly. They do great work. It’s statewide,” Rodriguez said. “You can just see the results. As soon as they get the funding, it goes out.”
The Senate Committee on Health and Public Affairs approved the legislation on a 6-3 vote, with all Republicans voting against. It now moves on to the Senate Finance Committee, where it will face more scrutiny.
The Housing Trust Fund was set up in 2005 to spur investments in affordable housing and to help people find a place to live. It provides grants for mortgage assistance, home weatherization and loans for affordable housing development, among other programs.
In all that time, the agency has received $61 million from the state, including $25 million of federal funds awarded to address the coronavirus pandemic. In July 2023, the fund also received $37.5 million in severance tax bond proceeds, of which more than half has been allocated, according to the agency.
With that funding, the agency has assisted 6,500 households by filling gaps in funding to keep people housed, helping make multi-million-dollar affordable housing complexes break ground, and getting homeless people off the streets.
Isidoro “Izzy” Hernandez, the Mortgage Finance Authority director, said the fund’s return on investment – based on the interest it receives on loans to developers, federal low-income tax credits and other sources – is 16-to-1.
The agency anticipates being able to spend $50 to $80 million from the fund per year, so estimates show the $500 million appropriation request would last for between six and 10 years, according to the Mortgage Finance Authority. Any money not spent in the first year would stay in the fund, according to the legislation.
As many as 20,000 New Mexicans experience homelessness over the course of the year
As part of her priorities this session, Gov. Michelle Lujan Grisham is calling for a $250 million appropriation for the Housing Trust Fund to assist renters, homeowners and those without shelter, as well as a loan program to finance building or renovation. She’s seeking another $250 million to the New Mexico Finance Authority for similar programs.
But the nonpartisan Legislative Finance Committee is seeking only a $50 million appropriation, according to its recommendations. The committee report does not explain why it arrived at that figure.
Nearly 4,000 New Mexicans were homeless during a 2023 point-in-time count, an increase of 48% since 2022 and likely a huge undercount.
The state lacks 32,000 units affordable to those with low incomes, and nearly 220,000 households in the state spend more than 30% of their income on housing costs, according to the Mortgage Finance Authority.
In addition to sending along the proposed $500 million appropriation, the committee supported $500,000 for the state finance department, which Rodriguez said would go to help small towns complete housing plans that would qualify them for additional help from the Housing Trust Fund.
New Mexico
Bear Fire Update for June 23, 2026
Acres: 7,769 acres
Start Date: June 9, 2026
Location: 18 miles southeast of Quemado, NM
Personnel: 169
Containment: 100%
Cause: Lightning
Summary: Containment lines are holding, and much of the repair work is completed on the Bear Fire. The Gila Las Cruces Type 3 Incident Management Team will transfer command of the fire back to the Gila National Forest and a Type 4 Incident Commander on Wednesday morning. Firefighters will continue to patrol and secure the perimeter while repair is completed.
Remarking on the success of firefighters on the Bear Fire, Incident Commander Marcus Cornwell said, “The support from the State of New Mexico Forestry Division, local landowners, and the Village of Quemado were instrumental in helping suppress the fire. Providing firefighters access to private land and use of Quemado High School proved pivotal.”
This will be the last daily update provided by the Gila Las Cruces Type 3 Incident Management Team. Any future updates for the Bear Fire will come from the Gila National Forest.
Weather: Today’s high temperature will be in the mid 80s. Moisture moving in from the south will improve relative humidity and drop temperatures slightly. The forecast shows daily chances of thunderstorms through Friday.
Safety: A Temporary Flight Restriction is in place through this evening. If you fly, we can’t! The Gila National Forest enacted an Area Closure Order for the Bear Fire.
Evacuations: Catron County Emergency Management lifted SET status for residences within zones 2, 3 and 4 on Thursday, June 18th. For more information about the change in evacuation status, visit Catron County Emergency Management.
Smoke: Smoke may be visible in and around surrounding communities. Air quality will vary based on fire activity, weather, and wind patterns. Residents should reduce prolonged outdoor activity when smoke is present and check the Air Quality Index before recreating or working outdoors. Sensitive groups should take extra precautions to limit smoke exposure. For real-time smoke conditions, visit https://fire.airnow.gov.
Fire Restrictions: The Gila National Forest is in Stage 1 Fire Restrictions due to long term severe drought in the Gila region, increased tree mortality across the forest, and forecasted hotter, drier weather conditions. Stage 1 Fire Restrictions limit campfires on forest land to designated recreation sites and campgrounds with constructed metal fire rings. Open burning is also prohibited in the unincorporated area of Catron County and in Catron County Fire District 30.
Public Information: 2026.bear@firenet.gov
Incident Information:
Facebook: www.facebook.com/GilaNForest
InciWeb: https://inciweb.wildfire.gov/nmgnf-bear-fire
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New Mexico
Woman arrested, accused of throwing knife and harassing neighbors
ALBUQUERQUE, N.M. – Southwest Albuquerque neighbors claim a woman targeted them for at least a year, throwing items into their yard, and leading one family to spend more than $1,000 on security.
Neighbors said they kept contacting Albuquerque police, the city and the state after the most recent encounter left a father with a cut on his face. They said Sunday’s arrest helped some, but they still do not feel safe.
Richard and Lindsey Boldin said they have dealt with harassment from Andrea Padilla-Garcia for at least a year. They said she has thrown broken glass, frozen food, a MacBook, metal poles and wood over their fence and dumped nail polish on it.
They said the incident with the glass resulted in a cut to Richard’s face.
“She can’t come back to where she lives. I won’t feel safe. There’s no way,” Lindsey Boldin said.
The Boldins said they spent more than a thousand dollars on security cameras, motion-sensor lights and other steps to protect their property. They also blocked the view into their yard, but said they still do not feel safe.
“It hurts the whole family. We’ve got to watch animals going outside. We have to watch when we go outside. You know, when can we go outside?” Richard Boldin said. “She kept coming to the fence and attacking the fence and shaking it and yelling at the fence at the children, you know, giving them inappropriate, you know, telling them inappropriate things.”
Neighbor Lawrence Lovato said he has lived in the neighborhood for about a year and what he has seen stands out from anything he has experienced before. He said he has called police multiple times.
“Never in my life have I have I seen something as horrible that I’ve seen here,” Lawrence Lovato said.
Lovato said he worries about his own safety and his daughter’s safety. Neighbors said they plan to keep looking out for one another and hope the latest arrest leads to help for Padilla-Garcia. She remains in jail and faced charges of battery and aggravated assault.
New Mexico
Retirement reality check: Is it too late to start saving?
ALBUQUERQUE, N.M. – Americans now say they need $1.46 million to retire comfortably, up $200,000 from last year, according to a study discussed by Oakmont Advisory Group.
David Hicks of Oakmont Advisory Group said the number can feel overwhelming, but he said people should focus on starting and adjusting a plan instead of panicking.
“The average retiree actually has less than $300,000 saved for retirement, so that’s about a $1 million gap there,” Hicks said.
Hicks said the $1.46 million figure reflects what people think they need, but he said retirement planning depends on each person’s savings, income and timeline.
He said longer life spans now mean many people need to plan for 20, 25 or even 30 years in retirement.
“When you start saving when you’re younger, it makes a lot of difference in the future,” Hicks said.
Hicks said 57% of people do not start saving until after age 30, and he said about a third do not start until their 40s.
Hicks pointed to Fidelity benchmarks that suggest workers should aim to save one times their salary in their 30s, three times in their 40s, six times in their 50s and 10 times by retirement.
“Don’t wait another year. Don’t wait another month. Just start that process of saving,” Hicks said.
Hicks also said the study found people who work with a financial adviser improve their chances of retirement success by about 50% and report more confidence about their plans.
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