Bill would deduct tax for developers to build affordable apartments in New Mexico

Feds OK New Mexico's $382 million broadband expansion plan for homes, businesses

The funding is slated to serve more than 42,000 unserved and underserved homes and businesses across the state.

Bill would deduct tax for developers to build affordable apartments in New Mexico

SANTA FE, N.M. (KRQE) – New Mexico has been trying to tackle the shortage of affordable housing across the state. Now, a bill could make it cheaper for developers to build apartment complexes. "Affordable housing does not mean it's affordable to build, and as you see things like tariffs and everything else, everything just continues to rise," said Austin Vanderheyden, Government Relations [...]

New Mexico Tax Bill Could Accelerate Affordable Housing Development — Here’s Why It Matters

A proposed New Mexico tax bill that would exempt affordable housing developments from gross receipts taxes could unlock millions in savings for builders and expand the supply of lower-cost rentals in high-cost markets such as Santa Fe. The measure, introduced ahead of the 2026 legislative session, highlights how state tax policy can influence construction costs, housing supply, and monthly rent burdens for low- and moderate-income households. Th…

New Mexico Senate Bill Would Fund $10M Broadband Subsidy

Jan. 27, 2026 – New Mexico State Sen. Michael Padilla, D-Bernalillo, introduced a bill Monday to authorize $10 million to assist New Mexico households with the cost of broadband service. Prepared in consultation with the New Mexico Office of Broadband Access and Expansion and the New Mexico Public Regulation Commission, the Low-Income Telecommunications Assistance Program, or Senate Bill 152, would draw funding from $40 million earmarked for the…