# N.M. Stat. § 58-18-2.1: Multiple-family, transitional and congregate dwellings; supplemental legislative findings and purpose

> New Mexico · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-2.1

## Section

- **Citation:** N.M. Stat. § 58-18-2.1
- **Heading:** Multiple-family, transitional and congregate dwellings; supplemental legislative findings and purpose
- **Jurisdiction:** New Mexico
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NM Code / Chapter 58 / Article 18 / Section 58-18-2.1

## Text

The legislature finds and declares that there is a critical shortage of multiple-family, transitional and congregate dwellings that provide decent, safe and sanitary residential housing at rentals that persons and families of low or moderate income can afford. It is further found and declared that private individuals, organizations and entities willing to undertake the construction of multiple-family, transitional and congregate dwellings are unable to obtain loans at sufficiently low interest rates to finance multiple-family, transitional and congregate dwelling projects for persons and families of low or moderate income. Providing mortgage loans at below-market interest rates for multiple-family, transitional and congregate dwellings would increase substantially the availability of multiple-family, transitional and congregate dwellings for occupancy by persons and families of low or moderate income and is expressly declared to be a valid public purpose and a corporate purpose that may be exercised by the authority.

## Nearby sections

- [N.M. Stat. § 58-18-1 § 58-18-1. Short title](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-1.md)
- [N.M. Stat. § 58-18-2 § 58-18-2. Legislative findings; declaration of purpose](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-2.md)
- [N.M. Stat. § 58-18-2.1 § 58-18-2.1. Multiple-family, transitional and congregate dwellings; supplemental legislative findings and purpose](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-2.1.md)
- [N.M. Stat. § 58-18-3 § 58-18-3. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.md)
- [N.M. Stat. § 58-18-3.1 § 58-18-3.1. Additional definitions; multiple-family dwellings, transitional and congregate housing facilities](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.1.md)
- [N.M. Stat. § 58-18-3.2 § 58-18-3.2. Secondary mortgage funds; additional definitions](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-3.2.md)
- [N.M. Stat. § 58-18-4 § 58-18-4. Authority created](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-4.md)
- [N.M. Stat. § 58-18-5 § 58-18-5. Powers of the authority](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.md)
- [N.M. Stat. § 58-18-5.2 § 58-18-5.2. Authority duties](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.2.md)
- [N.M. Stat. § 58-18-5.3 § 58-18-5.3. Authority; multiple-family dwellings, transitional and congregate housing facilities](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.3.md)
- [N.M. Stat. § 58-18-5.4 § 58-18-5.4. Duties of authority; multiple-family dwellings, transitional and congregate housing facilities](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.4.md)
- [N.M. Stat. § 58-18-5.5 § 58-18-5.5. Additional powers of authority; authority designated as single state housing authority; application for and receipt of federal funds; administration of housing programs](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.5.md)
- [N.M. Stat. § 58-18-5.6 § 58-18-5.6. Duties; behavioral health](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-5.6.md)
- [N.M. Stat. § 58-18-6 § 58-18-6. Loans to mortgage lenders](https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-6.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NM_C58_A18_S58-18-2.1. Check the current official text before relying on it. Not legal advice.