New Mexico housing and borrowing

Gross rent includes contract rent and estimated tenant-paid utilities and fuel. Rental-fee disclosures, application-screening fees, local rent regulation and the rental components of housing proposals concern costs or access without establishing a change in the statewide median. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

AN ACT REPEALING THE PROHIBITION ON POLITICAL SUBDIVISIONS AND HOME RULE MUNICIPALITIES FROM ENACTING RENT CONTROL FOR PRIVATELY OWNED REAL PROPERTY. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: SECTION 1. REPEAL.--Section 47-8A-1 NMSA 1978 (being Laws 1991, Chapter 23, Section 1) is repealed.

Gross rent includes contract rent and estimated tenant-paid utilities and fuel. Rental-fee disclosures, application-screening fees, local rent regulation and the rental components of housing proposals concern costs or access without establishing a change in the statewide median. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

2.Tribal affordable housing grant program for (a)In generalThe Secretary of Housing and Urban Development (referred to in this section as the Secretary) shall, not later than 1 year after the date of the enactment of this Act, award grants on a competitive basis to eligible entities for 1 or both of the following activities on Tribal land: (1)Building a residential dwelling unit. (2)Adding at least 1 necessary feature to a residential dwelling unit. (b)Program requirementsAny grant awarded under this section shall be administered in accordance with program requirements under the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4101 et seq.). (c)Authorization of appropriationsThere is authorized to be appropriated to the Secretary $150,000,000 for fiscal year 2026 and each subsequent fiscal year to carry out this section. (d)DefinitionsIn this section: (1)Eligible entityThe term eligible entity means any of the following: (A)An Indian Tribe that, in at least 1 of the 5 fiscal years immediately before the fiscal year, received a final allocation of less than $500,000 from the Department of Housing and Urban Development under the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4101 et seq.). (B)A Tribally designated housing entity from an Indian Tribe that, in at least 1 of the 5 fiscal years immediately before the fiscal year, received a final allocation of less than $500,000 from the Department of Housing and Urban Development under the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4101 et seq.). (2)Indian TribeThe term Indian Tribe has the meaning given such term under section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4103). (3)Necessary featureThe term necessary feature means any feature that, as determined by the Secretary, would improve a residential dwelling unit or would be necessary to build a residential dwelling unit. (4)Residential dwelling unitThe term residential dwelling unit means a dwelling unit that is owned or leased, or intended to be owned or leased, in whole or in part, as the home or residence of 1 or more individuals. (5)Tribally designated housing entityThe term Tribally designated housing entity has the meaning given such term under section 4 of the Native American Housing Assistance and Self-Determination Act of 1996 (25 U.S.C. 4103).

Gross rent includes contract rent and estimated tenant-paid utilities and fuel. Rental-fee disclosures, application-screening fees, local rent regulation and the rental components of housing proposals concern costs or access without establishing a change in the statewide median. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

2.HUD investigation and report on prices for pad sites in manufactured home communities (a)InvestigationThe Secretary of Housing and Urban Development (hereafter referred to as the Secretary) shall conduct an investigation to determine if the prices for pad sites in manufactured home communities are— (1)being manipulated by any form of market manipulation; or (2)artificially increased through price gouging practices. (b)Report (1)In generalNot later than 270 days after the date of the enactment of this Act, the Secretary shall submit to the Congress and make available on a public website of the Department of Housing and Urban Development a report on the investigation conducted under subsection (a). (2)ContentsThe report shall include— (A)a long-term strategy for the Department of Housing and Urban Development and the Congress to address manipulation of prices for pad sites in manufactured home communities, and in preparing the strategy the Secretary shall utilize data on race, gender, and socioeconomic status; and (B)a description and analysis of how institutional investors in manufactured home communities impact seniors and underserved communities. (c)Exemption from Paperwork Reduction ActChapter 35 of title 44, United States Code, shall not apply to the collection of information under subsection (a). 3.Investigations of excessive manufactured home purchases (a)In generalThe Secretary shall monitor purchases of manufactured homes and pad sites for manufactured homes in each housing market area in the United States, as determined by the Secretary, to determine whether any single purchaser of such homes or pad sites, including any purchaser that is an institutional investor, is purchasing an excessive amount of such homes or pad sites made available for sale in any such market area. If the Secretary determines that, beginning on January 1, 2015, any single purchaser has purchased more than 2,500 manufactured homes or pad sites for manufactured homes made available for sale in any market area, the Secretary shall conduct an investigation to determine if such purchaser has engaged in— (1)price gouging; (2)rental increases that are significantly above the area’s median rent price increase; or (3)failure to provide utilities. (b)ReportNot later than 1 year after the conclusion of an investigation conducted pursuant to subsection (a), the Secretary shall submit to the Congress and make available on a public website of the Department of Housing and Urban Development a report of such investigation.

Gross rent includes contract rent and estimated tenant-paid utilities and fuel. Rental-fee disclosures, application-screening fees, local rent regulation and the rental components of housing proposals concern costs or access without establishing a change in the statewide median. This connection does not establish causation. Actions after the measurement period cannot explain the earlier observed value.

Retained New Mexico evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

SECTION 2. A new section of the Uniform Owner-Resident Relations Act is enacted to read: "OWNER DISCLOSURE TO APPLICANTS.--An owner shall disclose to applicants in plain language all costs of a rental agreement in a published listing of the dwelling unit, including the base rent that will be assessed and a description of all fees or charges that will be assessed during the residency, which shall be itemized and readily identifiable in the listing. An owner shall not be liable for violating the provisions of the Uniform Owner-Resident Relations Act for a third-party website's failure to represent all costs provided by the owner." SECTION 3. A new section of the Uniform Owner-Resident Relations Act is enacted to read: "DWELLING UNIT APPLICANT SCREENING FEE--PROHIBITED FEES.-- A. An owner may charge an applicant a screening fee that shall not exceed fifty dollars ($50.00) to cover the cost of obtaining information about the applicant, including the cost of a consumer credit report, a reference check or a screening service; provided that the owner: (1) provides the applicant with written or digital notice of the screening fee and the applicant agrees in writing to pay the screening fee; (2) shall not charge the applicant a screening fee when the owner knows or should know that a dwelling unit is not available for rent at that time or will not be available at the beginning of the residency; (3) provides the applicant with a written or digital receipt for the screening fee paid by the applicant; (4) shall place a hold on a credit card or wait to deposit cash or checks for an applicant's screening fee until all prior applicants have either been screened and rejected or offered the dwelling unit and declined to enter into a rental agreement; and (5) shall not charge any other fees to process an application. B. An owner shall return the screening fee within thirty calendar days to an applicant if: (1) a prior applicant is offered the dwelling unit and agrees to enter into a rental agreement; or (2) the owner does not: (a) obtain a consumer credit report; (b) perform a reference check; (c) use a screening service to obtain information about the applicant; or (d) process the application. C. A screening fee that is returned as provided in Subsection B of this section shall be: (1) returned by certified mail; (2) destroyed upon the applicant's request if paid by check; or (3) made available for the applicant to retrieve." SECTION 4. A new section of the Uniform Owner-Resident Relations Act is enacted to read: "BACKGROUND CHECKS.-- A. An owner may require a background check of an applicant before entering a rental agreement. An owner shall not charge more than one screening fee to the same applicant if the screening was completed within ninety calendar days of the application date for any properties under the same ownership. B. An owner shall provide the applicant with a copy of any reports used to screen the applicant." SECTION 5. A new section of the Uniform Owner-Resident Relations Act is enacted to read: "NOTICE OF FEE CHANGES REQUIRED.--An owner may increase a fee that is provided pursuant to the terms of a rental agreement by providing written notice at least sixty days prior to the periodic rental date specified in the rental agreement or at least sixty days prior to the end of the term of a fixed term residency. In the case of a periodic residency of less than one month, written notice shall be provided at least one rental period in advance of the first fee payment to be increased."