Bills we’re watching: HB 200

During the 2026 Legislative Session, THP is paying attention to HB 200

HB 200 would help homebuyers priced out across the State by providing development subsidy to construct new below-market rate homes. This bill, called New Homes New Mexico would earmark $25 million in funds to build approximately 500 homes. The development subsidy would convert into downpayment assistance for first time homeowners at sale. The program targets families earning less than 120% of the Area Median Income ($93,000 for a family of four in Taos). In high cost markets like Taos, the assistance  could be up to $75,000, which could greatly expand the purchasing power of many families!