The New Mexico Mortgage Finance Authority will seek a record-breaking $135 million appropriation to the state Housing Trust Fund during the 2026 legislative session.

The funds would be used to help develop some 1,900 rental and single-family housing units, and to offer down payment assistance, home rehabilitation and homelessness services programs.

A legislative committee overseeing the quasi-govermental Mortgage Finance Authority voted Thursday to endorse a bill providing the $135 million in funding, well ahead of the 2026 legislative session.

The request comes amid rising housing costs in the state: Median rents increased 60% and median home prices increased by 70% between October 2017 and October 2024, according to a January report from The Pew Charitable Trusts. A study releas

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