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Lengthy to-do list before NMFA begins approving $125 million in new housing loans • Source New Mexico

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Lengthy to-do list before NMFA begins approving 5 million in new housing loans • Source New Mexico


The head of the state’s finance authority tasked with doling out a windfall of housing loans said the authority is on track to OK loans in the fall — so long as what she called the “timeline gods” are merciful.

In the legislative session that wrapped up in February, lawmakers approved $125 million for the New Mexico Finance Authority to spend on workforce housing development and affordable housing infrastructure. Workforce housing is generally aimed at those who exceed income thresholds that would qualify them for subsidies.

It’s a big windfall for the relatively new Opportunity Enterprise Revolving Fund created in 2023 for commercial development and then amended legislatively to include housing. Under the new law this year, the fund will be used to address the statewide housing crisis. The state lacks at least 32,000 affordable housing units, according to a recent study. 

Citing the pressing need, Gov. Michelle Lujan Grisham, when she signed the legislation in late February, challenged the authority to approve loans by the fall. 

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Marquita Russel, CEO of the authority, told Source New Mexico on Friday that the authority has much to do before it can get that money out the door, and staff will be “threading the needle” to get it done by then.

House Bill 195, which goes into effect May 15, requires the authority to add new board members with expertise in housing and also create new rules governing the loan program. State rulemaking requires 45-day public comment periods, and the new board won’t be able to approve the initiation of draft rules until they convene after the law goes into effect.

The rules will be subject to multiple hearings, and the board will have to incorporate public comments once they are submitted, Russel said. 

“It’s a lengthy process,” she said. “It requires a lot of transparency and public hearing, and then notices, so it can’t happen quickly.”

NM housing agency predicts increase in foreclosures on home loans it oversees

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But when the application process opens, she hopes by late summer, private developers will have access to low interest loans to help build roads, sewers and other infrastructure to affordable housing projects or to build new housing for people, like many police officers and teachers, who can’t afford to live in the communities where they work. 

The fund as it exists now provides commercial loans at 60% of the Wall Street Journal prime interest rate on the day it is issued. That rate Friday was 8.5%.

Russel said she’s not sure whether the funds will go primarily for affordable housing infrastructure or workforce housing, or whether it will go to nonprofits or private developers. But she added that she believes there is a high demand for workforce housing and few places for developers to go for financing. 

Lawmakers this session also approved $50 million for the Mortgage Finance Authority’s Housing Trust Fund, which is geared for affordable housing programs and development. 

Taken together, the $175 million — plus $20 million to address homelessness and other individual housing projects — is the biggest housing investment in the Legislature’s history, aimed to boost new development of low- and middle-income housing. 

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Another bill passed this session, Senate Bill 216, adds nonprofit housing developers to a list of possible recipients of low interest loans for the NMFA’s Public Project Revolving Fund. That fund was established in 1992 for local government projects, but amended to let nonprofit housing agencies apply. 

However, Russel said no nonprofits who apply will be authorized to receive that money until the next legislative session, when lawmakers sign an annual bill approving recipients. 

But Russel said she hopes that fund, when it’s finally available, will end up becoming the go-to source of capital for housing nonprofits, leaving the $125 million fund for for-profit developers, “because there isn’t another place for those,” she said.

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McCauley Springs Fire Reaches 100% Containment 

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McCauley Springs Fire Reaches 100% Containment 


The McCauley Springs Fire in the Jemez Ranger District, east of Battleship Rock, is 100% contained at 712 acres. 

The fire was reported on Wednesday, June 24, 2026. The Northern New Mexico Zone Type 3 Incident Management Team (IMT), led by Incident Commander Luke McLarty, initially managed the fire before the Southwest Area Incident Management Team 3, under Incident Commander Matt Rau, took over. From June 26 to July 4, this team handled operations, after which command returned to the Jemez Ranger District. Under a Type 4 organization, firefighters worked to cool remaining hot spots and secure firelines, reaching full containment on July 13. 

Although the fire is fully contained, visitors should remain aware that burned areas can present hazards. When visiting fire-affected areas, watch for changing conditions, hazard trees, unstable terrain, and other post-fire hazards. Suppression repair work may continue in some locations, and the public is asked to use caution around personnel and equipment and provide crews with plenty of space to work. 

A temporary closure order for the burned area remains in place through August 11, 2026. The full order and map can be found on the Santa Fe National Forest website under Alerts. Battleship Rock, Jemez Falls Campground and Group Area, the Jemez Falls Trailhead, San Diego Overlook, and the East Fork Trail from Battleship Rock to Highway 4 will remain closed until further notice for public safety.  

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A multi-disciplinary Burned Area Emergency Response (BAER) team evaluated the burned area to identify risks to human life, property, and critical resources. Over 80% of the fire was mapped as low soil burn severity, meaning most tree canopies and ground cover remain intact, reducing the risk of erosion and runoff. About 12% of the area showed moderate burn severity, with patchy ground cover loss and some water-repellent soils. Less than 1% was classified as high burn severity, where vegetation and soil were heavily impacted. The full summary can be found on the Santa Fe National Forest website.  

For Santa Fe National Forest news and updates visit our website and social media pages (Facebook and X).  

About the Forest Service: The Forest Service has brought people and communities together to answer the call of conservation for more than 100 years. Grounded in world-class science and technology — and rooted in communities — the Forest Service connects people to nature and recreation opportunities. The agency manages 193 million acres of public land, supports the nation’s forest industry and energy needs, and operates the largest and most respected wildland fire and forestry research organizations in the world. By providing assistance to state and private landowners and working with tribes and other partners, the Forest Service also helps steward an additional 900 million forested acres within the U.S. 

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USDA is an equal opportunity provider, employer and lender. 

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Firefighters mop-up by removing burning and extinguishing vegetation near containment lines.



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New Mexico’s multi-million dollar blunder ends up a pile of rubble

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New Mexico’s multi-million dollar blunder ends up a pile of rubble


(El Camino Real Heritage Center | KRQE)

NEW MEXICO (KRQE) – Some call the multi-million-dollar El Camino Real Heritage Center an architectural masterpiece. Others, however, call it one of New Mexico’s most expensive blunders. In 2021, former Speaker of the House Don Tripp weighed in on the project, “As far as benefit, it really didn’t have any benefit to anybody.”

Taxpayers paid more than $4,000,000 to build it, a few million dollars more to operate it and, now, a half million to tear it down.

The El Camino Real Heritage Center is a history museum dedicated to the historic ‘Royal Road of the Interior’. Established by Spanish conquistadores in 1598, the historic byway extended from Mexico City to north of Santa Fe. Armed with $4,000,000 from the state legislature and the Bureau of Land Management, consultants were hired to find the best place to build the new museum. After studying various locations, they chose a remote spot on the prairie 37 miles south of Socorro.

(El Camino Real Heritage Center | KRQE)

The experts said, ‘build halfway between Socorro and Truth or Consequences,’ and the museum will draw 100,000 visitors a year, bring in $10,000,000 to the region, and create 174 new jobs. Back in 2004, no one raised a red flag about putting a tourist attraction in an out-of-the-way location. It was only after construction was complete that officials learned the so-called experts were dead wrong. The project was doomed to fail before it even opened its doors. “Who the heck thought it was a good idea to build it where they built it?” State Rep. Gail Armstrong told KRQE News 13 last year.

The state’s newest museum opened in 2005. An estimated crowd of 2000 turned out for the dedication ceremony. Socorro Mayor Ravi Bhasker was there. “We had Bill Richardson out there cutting the ribbon, and then we had the Vice President of Spain come down here with his beautiful wife, and we had dignitaries everywhere. It was exciting,” Mayor Bhasker said.

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But the excitement was short-lived. Where the historic El Camino Real trail was in use for three centuries, the museum with its namesake lasted just eleven years. The remote location meant few visitors, meager revenue, inadequate staffing, expensive utilities, and maintenance.

In 2016, New Mexico’s Cultural Affairs Department pulled the plug on the El Camino Real Heritage Center, padlocked the doors, and permanently closed the museum. The parking lot is deserted, tourists are gone, artifacts are packed away, display cases vacant, exhibits dismantled, interpretive panels removed, and the gift shop is bare. All there is to show for millions of tax dollars is an abandoned building on the prairie.

“Eleven years is disgraceful. There was a real failure in this particular project,” the late State Senator John Arthur Smith said in a 2021 interview. We asked the retired Senate Finance Committee Chair, when the history of this project is written, what will it say? “They’re going to shake their head and (use this as) another example of government waste,” the retired Senator Smith said in 2021.

So what do you do with a $4,000,000 deserted building in the middle of nowhere?  Time and vandals have taken a toll. The museum was closed and boarded up in 2016, and then state officials abandoned the site. Because little effort was made to secure the empty building, it is no longer habitable. Copper wiring has been stolen. There is significant structural damage, mold, a rodent infestation, and no electricity or lights. Most of the HVAC, electrical, plumbing, water, and septic systems are either obsolete or inoperable.

Faced with a whopping $3.5 million repair bill, the Museum of New Mexico’s Board of Regents made the difficult decision last year to demolish the building. Board of Regent’s President, Dr. George Goldstein, calls the building, “A loss, a huge loss.”

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“What a complete waste of taxpayer dollars,” says State Rep. Gail Armstrong who’s District 49 includes the museum site.  And what did taxpayers get for their $4,000,000 investment? “Nothing. It just cost them a ton of money. Nothing,” Representative Armstrong said.

This week, a state-hired demolition crew began the task of tearing down the museum complex. Tons of concrete, steel, and glass will be hauled away. The parking lot and nearby caretaker’s house will also be ripped out. The prairie will be graded, reseeded with native plants, and returned to the Bureau of Land Management in restored, pristine condition. The demolition project is expected to take four months.

The El Camino Real museum was planned and built during the Governor Bill Richardson administration. All of the State Legislators involved in the funding of the museum project have since left government service.

Soon, the El Camino Real International Heritage Center will be just a bitter memory. All clues to the existence of a pricey government blunder will have been erased. Pay a visit to the remote spot south of Socorro later this fall, and all you will find will be desert creosote, prairie dogs, and a few rattlesnakes.

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It’s a Boy! Giraffe born at Hillcrest Park Zoo in Clovis

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It’s a Boy! Giraffe born at Hillcrest Park Zoo in Clovis


A baby giraffe was born at the Hillcrest Park Zoo in Clovis.

The city announced a male calf was born around 1 a.m. Thursday to Jerrica, a Rothschild giraffe who has lived at the zoo since she was born there in January 2012.

Zoo officials said Jerrica, a first-time mother, and her calf are doing well.

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Baby giraffe born at the Hillcrest Park Zoo in Clovis, New Mexico on July 9, 2026 (Credit: Hillcrest Park Zoo )

The calf will make his public debut from 10 a.m. to noon Saturday.

“This is a once-in-a-lifetime moment you won’t want to miss! Bring your family, your camera, and your excitement as we welcome the zoo’s newest (and tallest!) superstar!” said the zoo.

Because the calf is male, he will eventually be moved from Hillcrest Park Zoo to another zoo or facility, according to the city.

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The zoo plans to ask the public to help name the calf in the coming weeks.



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