Connect with us

New Mexico

New Report Finds Most New Mexico Homeowners Better Able to Afford Housing Than Renters, Holds True Across Income Level and Race

Published

on

New Report Finds Most New Mexico Homeowners Better Able to Afford Housing Than Renters, Holds True Across Income Level and Race


New Analysis From Homewisdom, a Analysis and Public Coverage Housing Initiative from Homewise to Advance Homeownership Methods in New Mexico and Nationwide

SANTA FE, N.M., June 14, 2022 /PRNewswire/ — A brand new report launched in the present day from Homewisdom, a brand new analysis and public coverage initiative established by Homewise, discovered that New Mexico owners are typically higher in a position than renters to afford their housing. The everyday New Mexico house owner spends 15 p.c of their earnings on housing whereas the standard renter should dedicate 25 p.c of their earnings to hire. This holds true even amongst low-income households with annual incomes beneath $50,000, the place renter households spend one-third of their earnings on housing whereas house owners in the identical earnings group spend lower than one-quarter (23 p.c).

“Whereas homeownership just isn’t the fitting answer for each family, it is a chance to acquire sustainably reasonably priced housing that might profit much more New Mexico households than it at the moment does,” stated Kelly O’Donnell, Director of Homewisdom. “If New Mexico’s effort to enhance housing affordability is to facilitate lasting monetary safety for working households, homeownership should play a central position.”

Each in New Mexico and nationally, African American and Hispanic owners have larger common housing expense ratios than White non-Hispanic owners, however house owners fare higher than renters, no matter race. In New Mexico, African American, Native American, Hispanic, and White non-Hispanic house owners all have decrease housing expense ratios than renters of the identical race/ethnicity. Householders of shade additionally expertise decrease common housing value burdens than White renters.

Advertisement

Learn the complete report right here.

The analysis is the primary report from Homewisdom, a brand new analysis and public coverage initiative from Homewise to supply knowledge, insights, and coverage suggestions to assist advance homeownership methods. For greater than 35 years, Homewise has been a number one voice for reasonably priced homeownership and stronger neighborhoods. Homewisdom will mix Homewise’s expertise with homeownership with knowledge and coverage evaluation, centered on key points similar to closing the racial wealth hole via homeownership and growing potential coverage options for nationwide, state, and native lawmakers to think about.

Kelly O’Donnell, an economist with over 20 years expertise in New Mexico public coverage and finance, will function Homewisdom Director.

O’Donnell continued, “Homewisdom’s analysis has and can create long-term monetary well-being for not solely New Mexico, however the nation as a complete. This initiative builds upon Homewise’s a long time of labor to assist households by rising entry to reasonably priced, long-term housing.”

“Homewisdom’s analysis is targeted on key points similar to racial fairness and demonstrating how homeownership is a number one reasonably priced housing technique,” stated Mike Loftin, CEO of Homewise. “Mixing native market insights with nationwide knowledge, we’re working to determine key tendencies that may inform coverage options and create long-term monetary wellbeing for not solely New Mexico, however the nation.”

Advertisement

For extra data on Homewisdom, go to www.homewisdom.org and observe on Twitter.

Homewisdom is a brand new analysis and public coverage initiative, established by Homewise, to supply knowledge, insights, and coverage suggestions to assist advance homeownership methods.

For greater than 35 years, Homewise has been a number one voice for reasonably priced homeownership and stronger neighborhoods. Homewise is a New Mexico-based nonprofit Group Growth Monetary Establishment (CDFI) with a mission to assist people and households enhance their long-term monetary wellbeing and high quality of life.

Homewise delivers thought management on how we will create optimistic change in New Mexico and the nation. Our actionable options are grounded in a long time of expertise and present analysis. Obtain the Homewisdom reality sheet right here.

SOURCE Homewisdom

Advertisement





Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

New Mexico

Northern New Mexico Toy Drive aims to serve around 8k children

Published

on

Northern New Mexico Toy Drive aims to serve around 8k children


The toy drive is now underway. Here is how you can help.

SANTA FE, N.M. — The City of Santa Fe launched its Northern New Mexico Toy Drive last week with the goal of serving around 8,000 children.

According to the city, that is how many children are in-need. Now through Dec. 15, you can drop off donations at several locations (see below).

The toy drive will benefit more than 40 organizations and monetary donations will go toward buying gifts locally.

Advertisement

Organizers are also hosting an ugly sweater fundraiser Dec. 6 at the Fuller Lodge in Los Alamos. Tickets are $25 and all proceeds will go toward the toy drive.

The Northern New Mexico Toy Drive started 15 years ago with less than 100 children and quickly ballooned into what it is today.



Source link

Advertisement
Continue Reading

New Mexico

Washington’s 19 help New Mexico down Texas Southern 99-68

Published

on

Washington’s 19 help New Mexico down Texas Southern 99-68


Associated Press

ALBUQUERQUE, N.M. (AP) — Tru Washington scored 19 points as New Mexico beat Texas Southern 99-68 on Sunday night.

Washington added 10 rebounds and four steals for the Lobos (5-1). Mustapha Amzil scored 18 points, shooting 6 for 15 (2 for 6 from 3-point range) and 4 of 6 from the free-throw line. Filip Borovicanin finished 5 of 6 from the field to finish with 11 points.

Advertisement

Kavion McClain led the way for the Tigers (0-5) with 15 points and six assists. Jaylen Wysinger added 12 points for Texas Southern. Zaire Hayes finished with 10 points.

New Mexico took the lead with 1:13 remaining in the first half and did not give it up. Washington led their team in scoring with eight points in the first half to help put them up 38-31 at the break. New Mexico extended its lead to 77-48 during the second half, fueled by an 11-0 scoring run. Borovicanin scored a team-high 11 points in the second half as their team closed out the win.

___

The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.

Advertisement



Source link

Continue Reading

New Mexico

A New Mexico city has reached a $20 million settlement in the death of a grandmother fatally shot in her car by an officer | CNN

Published

on

A New Mexico city has reached a  million settlement in the death of a grandmother fatally shot in her car by an officer | CNN




CNN
 — 

The city of Las Cruces, New Mexico, has reached a $20 million settlement with the family of a grandmother fatally shot by a police officer last year, according to The Associated Press and local media.

Felipe Hernandez, then working for the Las Cruces Police Department, fatally shot Teresa Gomez, 45, in her car in October 2023. Her family filed a lawsuit in federal court against the city, the police chief, and three members of the police force.

The settlement is the city’s largest agreement in a civil lawsuit, according to CNN affiliate KFOX14. The parties reached a settlement on November 7, according to a court filing. CNN has reached out to the city and an attorney representing the Gomez family for comment.

Advertisement

“This settlement should be understood as a statement of the City’s profound feeling of loss for the death of Gomez and of the City’s condolences to her family,” the city of Las Cruces said in a news release sent Friday, according to AP.

Hernandez, who was fired from the police department months after the shooting, faces a second-degree murder charge, court records show. He has pleaded not guilty. His trial is scheduled to begin June 2. CNN has reached out to Hernandez’s attorney for comment.

Gomez was sitting in her car when Hernandez accused her and her passenger of trespassing, footage from the officer’s body-worn camera shows. He then shouted commands laced with the F-word at her and threatened to arrest her, “tase” her and make her life “a living hell” if she didn’t comply with his plan to investigate, the footage shows.

After Hernandez approached Gomez on a bicycle as she sat in her car, Gomez told him she had been visiting someone at the address and said she was looking for her misplaced keys, the body-camera footage shows. Gomez and the officer discussed why she and the passenger were parked outside a public housing complex – a place Hernandez said the passenger was not supposed to be. Gomez said multiple times she was unaware of any visitor rules, the video shows.

After Hernandez repeatedly asked Gomez to leave her car, Gomez stood outside it for a while, answering some of the officer’s questions, the video shows. Her passenger was never asked to get out or questioned in a similar way.

Advertisement

The grandmother eventually found her car keys and, with the officer’s permission, sat back in the driver’s seat, according to the video and the lawsuit.

Half a minute later, she engaged the engine and, with her car door still open, shifted into reverse, pulled back, then put the car into drive, the video shows.

Hernandez shouted “stop!” three times, then fired his gun several times, the video shows.

The lawsuit alleges Gomez presented “no threat of any physical injury to Hernandez or anyone else” and Hernandez “left her to bleed out in her car as he turned away from her gasping body to retrieve his bicycle and flashlight.”

The suit claims Las Cruces “has adopted a de facto policy of indifference to the escalation of encounters between its officers and the public” and it “it allows officers to use deadly force in situations in which there is no threat of great bodily harm or death posed by the subject receiving deadly force.”

Advertisement

The complaint also alleges city employees disproportionately use excessive force against people of color – like Gomez, who was Hispanic.

Gomez’s sister, Angela Lozano-Gutierrez, previously told CNN the video of her mother’s encounter with Hernandez was “shocking.”

“We may never get the apology we need,” Lozano-Gutierrez said. “We’re just trying to cling to each other, and we just keep telling ourselves: She would want us to continue to live to be happy.”



Source link

Advertisement
Continue Reading

Trending