House members seek affordable housing overhaul
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A group of House members introduced today a bill similar to one being considered in the Senate that would overhaul the state’s affordable housing system. House Bill 997 (it’s not yet up on the Web for a link) has a number of sponsors, including Democrats Joseph Cervantes, Mary Helen Garcia and Antonio Lujan of Las Cruces and Andy Nuñez of Hatch. Also among the sponsors is House Majority Leader Ken Martinez of Grants. It is the same as Senate Bill 519, sponsored by Sen. Mary Kay Papen, D-Las Cruces, which 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. Continue Reading