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§ 58-18C-6 NMSA 1978

Award of funds; accountability

Known as the New Mexico Housing Trust Fund Act

The act spans §§ 58–58 (9 sections).

Laws 2005, ch. 105, § 6; 2021, ch. 24, § 4.

A. Trust funds shall be awarded either on a competitive basis or based on need as determined by the authority. The authority's staff shall work with the committee to develop an application and applicant scoring mechanism or program guidelines that encourage applicants to develop solutions that are responsive to local needs and are consistent with sound housing policy.

B. The authority's governing body shall be responsible for ensuring that on an overall basis the total funds awarded for housing activities attract at least three times as much funding from other sources.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.