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New statewide housing report finds problems linger with affordability, homelessness, quality • Source New Mexico

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New statewide housing report finds problems linger with affordability, homelessness, quality • Source New Mexico


Housing continues to be unaffordable for many renters and homeowners across the state, according to a report released this week by the New Mexico authority tackling the housing crisis.

The New Mexico Mortgage Finance Authority, which also announced its rebranding Wednesday to become Housing New Mexico, detailed the findings of its latest Housing Needs Assessment at a news conference in Albuquerque. All of its findings point to ongoing need for people across the housing spectrum, from those living on the streets to those struggling to pay their mortgage, leaders said. 

The authority published the first assessment in 2018, intended as a roadmap for where it should dedicate programs and funding. 

Among the findings in this year’s report

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  • Homelessness increased 50% between 2022 and 2023, based on the federal point-in-time count
  • The median monthly rent in New Mexico is $966, a 16.7% increase since 2018
  • 44% of renters and 28% of homeowners spend more than 30% of their income on rents or mortgages
  • 43% of homes statewide were built before 1980
  • 34% of statewide households have someone aged 65 or over. The national rate is 12%
  • Median household incomes have grown 22% since 2018, while the median home price increased 53%, from $200,000 to $306,000

‘The need is definitely out there’

Isidoro “Izzy” Hernandez, CEO of the newly rebranded Housing New Mexico, said that the assessment’s findings weren’t all that surprising, but the trends are still troubling. 

“The housing needs assessment findings provide us with a reality of what the affordable housing necessities are in our state,” Hernandez said. 

This year, the New Mexico Legislature gave the authority’s Housing Trust Fund $50 million to spend on an array of housing programs. That is in addition to about $38 million in recurring funding the authority receives.

Legislature and governor tout ‘largest one-time investment in housing’ during 2024 session 

The funding was available beginning July 1 but the authority hasn’t yet received it. Still, citing the high need, Hernandez said it has already allocated about $10 million of it. The authority has more than 300 partners, including local and tribal housing authorities, nonprofits and private lenders. 

“The need is definitely out there,” he said. “The money will go pretty quick.”

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He gave a breakdown Wednesday of how the legislative funding would be spent over the next two years, including $20 million to increase home ownership, $26.6 million to build more housing, $10 million to preserve existing housing, with $27 million left over to spend on those programs as needed. 

The money will help fund 13,000 families afford down payments, move into a new home or get repairs in their apartment, Hernandez said. 

He said the authority will again ask for money on top of what it gets in recurring money at the 2025 legislative session, though he didn’t know yet how much. 



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New Mexico

South Valley business estimates $1M in damages after recycling plant fire

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South Valley business estimates M in damages after recycling plant fire


ALBUQUERQUE, N.M. – A local business owner estimates he suffered about $1 million in damages as the result of yet another fire at a South Valley recycling plant.

Town Recycling on Broadway Blvd. SE has witnessed two fires in a span of less than two weeks with the first happening May 23rd and the second occurring Tuesday of this week.

Khalil Samaha, who owns Samcar, Inc. and Cedar’s Construction next door, says his businesses escaped without serious damage from the first fire, but the second one led to the loss of his main building, inventory he sells including trucks, construction equipment, computers, records, and much more.

“It’s a total mess.  Everything is on the ground with water and insulation. It’s a total loss,” he said.

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He gave KOB 4 a tour of his damaged property Wednesday and says that county officials have condemned the main office and won’t let him back inside.

“You can see all the glass is popped,” he said pointing to the windows. “I don’t know if the firefighters broke them or they exploded.”

A spokesperson for Bernalillo County Fire and Rescue issued a statement saying that, based on witness accounts, both fires may have started in a “bale of cardboard” at the recycling facility.

As of Wednesday evening, Broadway between Prosperity and Rio Bravo remained closed.

Samaha says firefighters attempted to battle the second fire from a different area than the first and the wind may have made conditions tougher.

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“This time, the wind didn’t help,” he said. “So, it was blowing in my direction and took the building and some equipment in the back.”

Having seen two fires at the neighboring recycling facility in a span of about 11 days, he wonders if this will finally be the end of it.

“I hope it’s the last time. But, worried? Yes, we are worried,” he said. “We are close to them, and the materials are close to the fence. We share the fence together, so it’s always in the back of your mind.”

And now he lives with the memory of how quickly everything can change – just like it did earlier this week.

“It was very quick.  From the smoke to the flame to the fire, it was very, very quick.”

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A representative of Town Recycling declined our request for an interview.



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New Mexico Highlands University president sues school

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New Mexico Highlands University president sues school


LAS VEGAS, N.M. – New Mexico Highlands University President Niel Woolf has sued the school, claiming leaders pushed him to redirect a $600,000 contract to a chairman’s friend.

Woolf filed the lawsuit after the university placed him on administrative leave at the beginning of May.

He says Board of Regents Chair Frank Sanchez told him to cancel a $600,000 agreement with an out-of-state contractor and give it to a local contractor.

Woolf says that company is led by a friend of both Sanchez and his brother-in-law, Sen. Pete Campos, who represents Las Vegas.

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In the lawsuit, Woolf says Sanchez told him directing the funds to his friend would “go a long way towards securing money for the University from Senator Campos,” said Woolf.

Woolf is seeking damages and attorney’s fees under the New Mexico Whistleblower Protection Act.



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Cumbres & Toltec to begin summer season June 9

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Cumbres & Toltec to begin summer season June 9


CHAMA, N.M. – The Cumbres & Toltec Scenic Railroad will begin its summer season on Tuesday, June 9, after the railroad delayed its opening due to drought and wildfire danger.

The season was initially set to begin on May 23. The Cumbres & Toltec Scenic Railroad Commission said it would conduct a review on June 2 to determine if it was safe enough to begin operations.

“A sincere thank you to all our passengers and the communities in Chama and Antonito who have been so patient as we waited for conditions to improve,” said Eric Mason, CEO of the Cumbres & Toltec Scenic Railroad. “We are excited to welcome guests back aboard and hear the opening whistle signal the start of another memorable season.”

The railroad will hold a Grand Opening Celebration on Saturday, June 13, in Chama. The celebration will coincide with Chama Western Heritage Days, a community festival that weekend with live music, vendors, and rodeo competitions.

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The railroad recently won USA TODAY’S poll for the best scenic train ride in the country. In celebration of the win, the railroad said passengers who book by June 7 ca receive a 25% discount on coach tickets for trips through August. Guests must redeem the offer by calling the railroad at 888-286-2737 using promo code USATODAY#1. 

Tickets are also available for the first Dark Sky Train departures on June 12 from Chama and June 13 from Antonito. The dark sky trains include evening excursions led by international dark sky guides, and take passengers to secluded spots with minimal light pollution.



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