New Report Ranks Housing Affordability in New Mexico
Albuquerque, NM – The two counties with the greatest number of people in New Mexico are also the most difficult for families to find affordable housing.
The New Mexico Coalition to End Homelessness released a report on Wednesday, September 29, that ranked legislative districts in Santa Fe and Bernalillo counties as the least affordable in the state.
The report used the federal benchmark for affordability - that people should not spend more than 30 percent of their income on housing.
Hank Hughes is president of the Affordable Housing Coalition. He says the organization wants state lawmakers to pay attention to the issue of housing affordability.
Hughes also says most of the services that people rely on when they're struggling are also located in the state's largest, and least affordable, cities.
He says the New Mexico Housing Coalition will ask state lawmakers to find more sustainable funding sources for affordable housing programs.