New Mexico
Lengthy to-do list before NMFA begins approving $125 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.
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
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.
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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New Mexico
Former NM GOP treasurer arrested after deadly Las Cruces hit-and-run
LAS CRUCES, N.M. (KFOX14/CBS4) — A leader in the New Mexico Republican Party was arrested Wednesday, accused of a deadly hit-and-run in Las Cruces.
Former Treasurer of the Republican Party in New Mexico, Kimberly Ann Skaggs, 54, was arrested Wednesday and charged with leaving the scene and tampering with evidence, jail records show.
Police documents show the charges stem from a deadly hit-and-run crash that happened Monday afternoon, which killed 40-year-old bicyclist, Andrew Brown.
Investigators believed Skaggs was involved after an investigation revealed that Skaggs allegedly was driving fast in the area, fled the scene after the crash and then tried to hide the vehicle from authorities.
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The investigation
According to police documents, a witness at the scene of the crash– 850 N. Fairacres Rd.– described seeing a dark blonde-haired woman flee in a black Cadillac Escalade SUV.
Afterwards, investigators said they saw on Flock cameras– A.I. powered license plate readers– a black Cadillac Escalade traveling near the site of the crash minutes before the incident.
READ MORE: Dona Ana County expands Flock license plate cameras as officials cite crime-solving gains
The license plates showed that the vehicle belonged to Skaggs and that, in September 2025, the Las Cruces Police Department had given her a citation for “racing on streets-exhibition driving.”
Investigators stated that a business on Picacho Ave. captured what they alleged was the same black Cadillac Escalade driving fast.
Then, the documents described how investigators tracked down the Escalade using OnStar’s live GPS tracking, discovering the SUV was at a property on the 5000 block of Northwind Road, which investigators said the Dona Ana County Assessors Office confirmed is a property owned by Skaggs.
On Tuesday, at around 6:41 p.m.– over 24 hours after the deadly hit-and-run– investigators executed a search warrant on the property and described finding the black Cadillac Escalade behind a home, under a red metal carport.
Investigators noted damage on the SUV consistent with the crash, highlighting that there was blood splatter near one of the front tires, markings on the front bumper consistent with hitting a bicycle and parts missing, which investigators said were the same parts found at the scene.
Dona Ana County jail records show Skaggs was booked on Wednesday afternoon and remains jailed without a bond.
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About Skaggs
On the official website of the Republican Party of New Mexico, Skaggs was listed as the treasurer before she was removed.
KFOX14/CBS4 has reached out to the Republican Party to learn more and are waiting for a comment regarding the arrest.
Also, according to election statistics, Skaggs ran for State Representative in District 36 in 2022 and 2024, losing both times to Democrat Nathan P. Small.
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New Mexico
Governor asks AG to investigate DEA agents over fentanyl in New Mexico
SANTA FE, N.M. – Gov. Michelle Lujan Grisham asked Attorney General Raúl Torrez to investigate whether any Drug Enforcement Administration agents broke state law when pills reached New Mexico streets.
In a statement, Lujan Grisham said, “make no mistake: the DEA knew people would die if these pills made it into New Mexico communities.”
The governor also shared a timeline from 2022 to 2025 that she said shows when she asked federal officials for help with New Mexico’s fentanyl crisis and violent crime.
Lujan Grisham said the first request came on June 21, 2022, when she wrote to then-Federal Bureau of Investigation Director Christopher Wray and asked for 50 additional federal agents.
She said she wrote to then-Attorney General Merrick Garland on Sept. 15, 2022, asking for more agents, resources and support for New Mexico law enforcement.
Lujan Grisham said she wrote Garland a second time on Aug. 8, 2023, with the same request.
What came next?
About a month later, Lujan Grisham said she sent Garland a third letter and said New Mexico needed more federal law enforcement to curb violent crime, drug trafficking and human trafficking.
She said her most recent request came on Sept. 4, 2025, when she wrote to former Attorney General Pam Bondi and again asked for additional agents and resources.
The governor’s statement says those requests span several years as she pressed the federal government for more help in New Mexico.
Full statement from Gov. Michelle Lujan Grisham:
“I am appalled by reporting this week by the Associated Press and Albuquerque Journal that revealed federal authorities made a deliberate decision to let hundreds of thousands of fentanyl pills flood into New Mexico communities, despite knowing that fentanyl is so lethal the White House has designated it a weapon of mass destruction.
Let me say that again: the Drug Enforcement Administration watched as 74,000 fentanyl pills were delivered to a mobile home park in Albuquerque, and they did nothing. And that’s just one transaction. Shockingly, the federal government stood by while monitoring shipments, tallying exact pill counts, and watching as these deadly drugs hit the streets.
There are no words to describe how reckless and dangerous these decisions were. Make no mistake: the DEA knew people would die if these pills made it into New Mexico communities, and the agency let it happen anyway. The result: hundreds of New Mexican parents burying their kids. Hundreds of New Mexican kids growing up without stable parents. All while the federal government stood by.
If the justification for letting these pills flood our communities was that it would somehow make New Mexico safer down the road through bigger eventual busts, the results say otherwise. New Mexico now leads the nation in the increase in overdose deaths for the second straight year, despite deaths dropping nationwide.
Today, I wrote to Attorney General Raúl Torrez and asked him to investigate whether any federal agents broke state law when they allowed lethal drugs to remain on our streets, and to prosecute anyone responsible — regardless of whether they are a federal agent or not.
I have spent years working across two administrations — writing letters, traveling to Washington, meeting directly with President Joe Biden and his cabinet, pushing for accountability, asking for more federal agents to be deployed to New Mexico to help fight this crisis.
- On June 21, 2022, I wrote to FBI Director Christopher Wray, imploring the FBI to assign no less than 50 additional agents to New Mexico to stem escalating drug trafficking and violent crime.
- On September 15, 2022, I wrote to Attorney General Merrick Garland, requesting that the Department of Justice provide additional federal agents, resources and support to New Mexico law enforcement. We asked the department to match the level of investigative, analytical, and technical resources the FBI had deployed in its Buffalo, NY surge.
- On August 8, 2023, I wrote again to Attorney General Garland, renewing my request that the DOJ expeditiously assign more federal agents to New Mexico.
- On September 7, 2023, I wrote to Attorney General Garland for a third time, reiterating my request once more federal law enforcement support to curb violent crime, drug and human trafficking.
- On September 4, 2025, I wrote to Attorney General Pam Bondi, once again requesting additional agents and resources.
I have declared the surge of drugs like fentanyl to be a public health emergency. I have deployed the National Guard to both Albuquerque and Española. While my administration was doing everything we could to stem the tide of fentanyl coming into our state, the federal government deliberately allowed it to flood in.
New Mexican lives are not the federal government’s cost of doing business.
I plan to hold the federal government accountable for this disaster and will explore every possible avenue of action against the federal government to right these wrongs.”
New Mexico
Canyon Venado Fire near Clines Corners grows to 852 acres, I-40 reopened
The Canyon Venado Fire has grown to 852 acres east of Clines Corners and crews say wind farms in the area are threatened.
CLINES CORNERS, N.M. – The Canyon Venado Fire has grown to 852 acres east of Clines Corners and crews say wind farms in the area are threatened.
The fire is burning just east of Clines Corners, south of Interstate 40.
It forced the closure of eastbound Interstate 40 at Clines Corners on Tuesday night. I-40 reopened Tuesday night. I-40 is back open but smoke still affects visibility.
“We’re on the side of I-40 so drivers have to be pretty cautious. As far as our establishment itself we’re pretty isolated by the freeway itself as a nice fire break,” said Lincoln Tarantino, Clines Corner general manager.
The fire has burned around 852 acres, up from just 20 at this time Monday.
Crews say the fire is not contained and wind farms in the area are threatened.
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