New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 93 - OPPORTUNITY ENTERPRISE ACT ENTERPRISE ASSISTANCE
Part 1 - GENERAL PROVISIONS
Section 2.93.1.15 - ELIGIBILITY AND PRIORITIZATION POLICIES FOR HOUSING DEVELOPMENT PROJECTS
Universal Citation: 2 NM Admin Code 2.93.1.15
Current through Register Vol. 35, No. 18, September 24, 2024
The board will determine which housing development projects to recommend to the authority for housing development assistance from the housing development revolving fund. Board policies shall give priority to projects that:
A. demonstrate local support and need,
B. create or expand attainable housing units within the state,
C. are located in political subdivisions that have implemented zoning reforms, and
D. other means of financing a proposed housing development project are unavailable or insufficient. The board shall establish policies to consider in prioritizing housing development projects.
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