Housing supply and affordability
The governor’s 2026 proposals included $110 million for housing, zoning reform to allow more durable efficient housing production, and an interest-rate buydown to ease mortgage payments as the state faces high housing costs. Housing affordability ranks among issues named by primary voters, and candidates discuss bolstering supply alongside infrastructure.
What should New Mexico do about housing supply and affordability?
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Sources
Governor Michelle Lujan Grisham — https://www.governor.state.nm.us/2026/01/20/governor-delivers-2026-state-of-the-state-address
my budget request also includes a $1.5 billion road bonding package, $110 million for housing, and zoning reform to allow for durable, efficient housing production. And while mortgage rates remain stubbornly high, I’m also calling for an interest-rate buydown program to make mortgage payments more manageable for homeowners.
Emerson Polling — https://emersoncollegepolling.com/new-mexico-2026-poll
Healthcare and the economy are the top issues... followed by crime (17%), education (12%), housing affordability (9%), threats to democracy (7%), and immigration (5%).
Positions on this issue · liberal → conservative
- Major public funding plus strong zoning mandates to build abundant affordable housing fast
- Fund housing programs, zoning reform, and mortgage buydowns to expand supply and ease costs
- Mix targeted housing aid with local zoning flexibility and private development incentives
- Rely mainly on deregulation and private building rather than large new state housing outlays
- Minimize state housing spending and leave supply and prices to the market and local governments