House Democrats emerged about 1 p.m. from their secret caucus meeting after almost three hours behind closed doors.
Most had grim faces. Many wouldn’t talk to reporters and looked away as we tried to speak to them.
They are now proposing a compromise on the proposal to remake the state’s affordable housing system. Some House Democrats are negotiating with the leadership of the House Republicans right now.
Senate Bill 519, sponsored by Sen. Mary Kay Papen, D-Las Cruces, would fund an investigation to determine the extent of mismanagement that led to the housing authority system crumbling in scandal last year, and would also replace the authorities with a new system overseen by the New Mexico Mortgage Finance Authority.
That’s about all I can tell you at this point. I don’t know the details of the proposed amendments they want added to the bill.