New Mexico Affordable Housing Act, Constitutional Amendment 4 (2006)

From Ballotpedia
Jump to: navigation, search
Voting on Housing
Housing.jpg
Ballot Measures
By state
By year
Not on ballot
New Mexico Constitutional Amendment 4, or the Local Government Affordable Housing Act, was on the November 7, 2006 ballot in New Mexico as a legislatively-referred constitutional amendment, where it was approved.[1]

Election results

Amendment 4
ResultVotesPercentage
Approveda Yes 266,861 55.6%
No163,13644.4%

Impact

Under the Act, a state, a county, a municipality or the authority may:

  • donate, provide or pay all, or a portion, of the costs of land for the construction on the land of affordable housing;
  • donate, provide or pay all or a portion of the costs of conversion or renovation of existing buildings into affordable housing;
  • provide or pay the costs of financing or infrastructure necessary to support affordable housing projects; or
  • provide or pay all or a portion of the costs of acquisition, development, construction, financing, operating or owning affordable housing.
  • The state can appropriate funds for affordable housing through enactment of specific laws authorizing “housing assistance grants.” The laws should direct the Department of Finance and Administration to execute a Joint Powers Agreement with MFA to administer the appropriation(s) and certify applicants’ eligibility for the appropriation(s).
  • Counties and municipalities may provide funding (“housing assistance grants”) through enactment of an ordinance for each project or program. Housing assistance grants can be made either through a project-specific RFP or through a program application process.

Ordinances, RFPs, program guidelines, and applications must be submitted to MFA to review for compliance with the Act.

  • Appropriations and housing assistance grants may be leveraged with other funding sources.
  • School districts and post-secondary educational institutions may transfer land to counties and municipalities to be further granted as part or all of an affordable housing grant. The transfer must be made through a contractual agreement, and a negotiated number of housing units must be reserved for employees of the educational entity.
  • Applicants may be individuals, governmental housing agencies, regional housing authorities, tribal housing agencies, for-profit organizations, or non-profit organizations that meet eligibility criteria specified in the Act, as well as any additional criteria set by the local government and/or the MFA.[2]

See also

External links

BP-Initials-UPDATED.png
Suggest a link

References