A bill that would overhaul the state’s affordable housing system cleared its first hurdle Friday evening, but still has a long way to go before approval. Senate Bill 519, sponsored by Sen. Mary Kay Papen, D-Las Cruces, would, over a period of several months, shut down the state’s scandal-plagued regional housing authorities and replace them with an affordable housing system overseen by the New Mexico Mortgage Finance Authority. The bill would also provide for audits of each of the seven housing authority regions to determine the extent of the mismanagement first revealed last year when Frances Williams, a member of the Las Cruces-based Region VII board, complained about problems. Several weeks after she went public, the Region III authority, based in Albuquerque, defaulted on $5 million in bonds it owed to the state. Papen’s bill has the blessing of Gov. Bill Richardson, but had been assigned to three Senate committees, which many legislators say is a common tactic designed to slow or kill bills that don’t have political support. The bill, however, passed the Senate Public Affairs Committee on a 4-1 vote on Friday. Continue Reading