Section 58-18B-2 - Legislative findings. - New Mexico Statutes

58-18B-2. Legislative findings.

The legislature finds that:   

A.     current economic conditions, federal housing policies and declining resources at the federal, state and local levels affect adversely the ability of low-income persons to obtain safe, decent and affordable housing;   

B.     it is in the public interest to establish a continuously renewable resource to be known as the New Mexico low-income housing trust program to assist low-income citizens in meeting their basic housing needs; and   

C.     the program described in Subsection B of this section should, whenever feasible, be implemented through assistance in the form of loans or grants.