Staff of what was once known as the New Mexico Mortgage Finance Authority pose in front of their new logo and name, Housing New Mexico, after a news conference on Wednesday in Albuquerque. The board overseeing the authority pulled a proposal Wednesday that would have significantly increased the income limits to qualify for a range of housing subsidies. (Photo by Patrick Lohmann / Source NM)
The chair of New Mexico’s housing authority board decided to hold off on considering a significant increase on income caps to qualify for various affordable housing programs.
The Housing New Mexico board did not describe the reason for the policy change at its meeting Wednesday, and no justification was provided in materials provided to the board ahead of the meeting…