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Jul. 29—At a news conference last week announcing its annual housing indicators report, the New Mexico Mortgage Finance Authority unveiled a name change to Housing New Mexico. Officials said the ...
Permanent, federally funded housing came into being in the United States as a part of Franklin Roosevelt's New Deal. Title II, Section 202 of the National Industrial Recovery Act, passed June 16, 1933, directed the Public Works Administration (PWA) to develop a program for the "construction, reconstruction, alteration, or repair under public regulation or control of low-cost housing and slum ...
Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f), commonly known as Section 8, provides rental housing assistance to low-income households in the United States by paying private landlords on behalf of these tenants. Approximately 68% of this assistance benefits seniors, children, and individuals with disabilities. [1]
Residents pay their portion of rent through Section 8 vouchers, and many of the apartments are available only to families who make 30% or less of the median income of the city. [58] The new housing project aimed to provide a low-rent area for residents who work downtown but who are unable to live near their workplace because of the high costs. [57]
And New Mexico's Medicaid program is preparing to launch a $16.4 million, five-year pilot program to offer respite housing to homeless people when they're recovering from a hospital stay. That ...
Sep. 29—A New Mexico senator wants to get more single-family homes built by creating a new tax credit program at a time when housing affordability is at a generational low. Economics experts say ...
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