Archive for May 2024

In a Wednesday morning hearing, First Judicial District Court Judge Bryan Biedscheid ruled against a popular and pending tax intended to help create a funding stream for affordable housing in the city of Santa Fe. At the polls last November, 73% of voters approved the 3% tax on the portion of a home sale that…

Kendra Yevoli wants to turn New Mexico’s economy around. Yevoli, the executive director of the Ventana Fund, has two children and three grandchildren who live in Colorado. “That’s part of why I’m in this (career), because my kids don’t want to be here. They don’t feel like they have places to have jobs to thrive…

New Mexico can’t seem to break $40,000 in median annual pay. That figure has remained static since the end of last year, according to ADP Pay Insights. Click here to view the graph. While New Mexico’s wages remain stagnant, change may be on the horizon pending a new overtime rule by the Department of Labor which would expand…

Among affordable housing developers today, there’s one commonality tying projects together: uncertainty. AEC firms share their latest insights and philosophies on the future of affordable housing. This article first appeared in BD+C’s 2023 Multifamily Annual Report—our first-ever “state of the state” special report on the multifamily housing construction sector. To download the full 76-page report, click here.…

A new bill designed to boost housing construction and streamline the construction process for developers within the Albuquerque metro has been approved. Resolution 24-22, which prioritizes site plan approvals and permit requests for projects aimed at creating permanent housing, was signed into law by Albuquerque Mayor Tim Keller on April 26, Tim Walsh, City of Albuquerque…